What Can Home Buyers Expect?

Posted Posted in FHA Mortgages, first-time buyers, Home Values, homebuyers, Homes for Sale, Housing prices, Mortgage interest, mortgage rates, mortgages, real estate

The two most frequently quoted constants in life are death and taxes. Two more things would-be homeowners can expect in the near future are increases in mortgage rates and housing prices. Interest rates have been kept artificially low for several years by the Federal Reserve in an effort to strengthen the economy. Policy is shifting […]

More Expensive Than Expected

Posted Posted in buying, FHA MIP, FHA Mortgages, first-time buyers, homebuyers, mortgages, real estate

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the […]

URGENT NOTICE – Big FHA Changes after April 1, 2013

Posted Posted in FHA MIP, FHA Mortgages, mortgages, real estate

As part of a broad effort to strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMI Fund), FHA Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the MMI Fund. These changes are for […]