Helpful Mortgage And Real Estate Advice

Tag: mortgage loans

FHA Offers Lower Mortgage Insurance Premiums To New Borrowers In 2015

New FHA mortgage borrowers in 2015 will be offer a reduced Mortgage Insurance Premium (MIP). This is the first time that the Federal Housing Administration (FHA) has reduced its MIP for its borrowers since 2001. It has been a long time coming for many interested home buyers and millennials who have been hesitant on committing […]

Continue Reading »

Advantages and Disadvantages of Different Foreclosure Purchase Scenarios

By on December 9, 2014 in Home Buying Advice

Today, according to RealtyTrac, the median sales price for a foreclosure property is averaged out to be 36% lower than that of a non-distressed one. The comparison in dollar amount is $127,000 vs $200,000. So, why aren’t people buying them? Distressed properties can be a great bargain for many buyers. However, there are a few […]

Continue Reading »

September Mortgage Loan Origination Overview

September Mortgage Loan Origination Overview

Obtaining a mortgage purchase loan is as easy as pumpkin pie! According to Ellie Mae’s Third Quarter Loan Origination Insight Report Purchase loans are seeing more action than Refinance loans. 32% of loans originated had a FICO score below 700 and the average score in the third quarter this September was 726. This proves that […]

Continue Reading »

Top