100% financing has been getting tougher and tougher to obtain.  With the downturn in the real estate market, and mounting losses for lenders and others, standards have tightened up, and only the most well qualified buyers are able to obtain 100% financing, but it has still been available.  That may not last much longer.
PMI Group […]

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30 year fixed rate mortgages are soon to become much easier to obtain at the higher loan amounts.  If you have been paying attention to the news, you will have noticed that the economic stimulus package has passed both the house and the senate.  President Bush is set to sign it into effect next week.  […]

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So last week I talked a bit about the economic stimulus package, touching on the benefit of effectively raising the conforming loan limit for high cost housing areas.  The House has passed the bill as is, with the Senate being the final hurdle to sign it into effect.  Hopefully that happens this week, or in […]

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If you follow the news, chances are you have heard about the president’s economic stimulus package.  This package, together with recent rate cuts, have garnered headlines over the past week.  What does all this mean to you?
Well, the stimulus package will do a few things.  What most people hear about is the tax rebate, $600 […]

Posted in Borrower Resources, Current Events 1 Comment »

 Continuing our topic from yesterday, I will be addressing mortgage rates today.  They have been falling.  In fact, the fed cut rates this morning by .75%!  What does that mean to you, will they continue to fall, and is now the right time to look into a refinance?Many people hear the news that the fed […]

Posted in Buying a Home, Current Events No Comments »