Categories for News

6 Ways to Fight Rising Interest Rates

September 3, 2015 by Leave a comment

Mortgage interest rates have been hovering between 3.5 and 4 percent for the past 18 months, refusing to rise as quickly as many forecasters had predicted. That means many have been able to lock down favorable rates without the threat of a drastic increase hanging over their heads. However, later this year, the Federal Reserve... View Article

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HARP and HAMP Now Extended Through 2016

June 2, 2015 by Leave a comment

Recently, the Federal Housing Finance Agency announced an extension for HARP (Home Affordable Refinance Program) and HAMP (Home Affordable Modification Program). That means that these programs, intended for homeowners affected by the housing crisis, will still be available all the way through 2016. And plenty of people still stand to benefit—experts estimate that at least... View Article

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Refinancing and the FHA 2015 Changes: What Does It Mean for You?

February 3, 2015 by 1 Comment

If you’re currently paying a higher interest rate on your mortgage, and you’re dealing with high payments, refinancing and getting a cheaper rate might be the answer to your prayers. You can save money each month, virtually eliminating mortgage payment issues. And with extra money in your pocket, you can start a savings account, pay... View Article

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4 Historic Snow Storms

January 28, 2015 by Leave a comment

If you were anywhere near the northeast this week, there’s no way you escaped the 24-hour news coverage of The Blizzard of 2015, Winter Storm Juno, or—for many more southern parts of the area—The Storm That Wasn’t. We might not have gotten the widespread destruction that the weather forecast promised, but that doesn’t mean we... View Article

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New FHA Home Loan Guidelines for 2015

January 26, 2015 by Leave a comment

If you need a low-down payment mortgage and you don’t have the best credit score, an FHA home loan can help you get the keys to homeownership. The FHA home loan program has been around since 1934 making homeownership affordable for many. With the new year underway, the Federal Housing Administration recently announced changes to... View Article

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How FHA Changes Will Benefit First-Time Homebuyers

January 22, 2015 by 1 Comment

FHA home loans are well-liked by buyers. While conventional lenders require more cash out-of-pocket for home purchases and have stricter credit score requirements, FHA loans feature lower down payment and credit score requirements, which makes homeownership attainable for first-time buyers. FHA loans have helped more than 40 million people become homeowners since 1934, and with... View Article

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Mortgages are Getting More Affordable for First-Time Buyers

January 12, 2015 by Leave a comment

Thanks to a series of recent decisions, authorities are opening up the mortgage marketplace to more first-time and low-income homeowners. Last month, Fannie Mae and Freddie Mac announced that they will begin backing fixed-rate mortgages with down payments as low as 3%. Then, last Thursday, the President announced a 0.5 percent cut to the mortgage insurance premiums... View Article

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