Two changes to FHA loan monthly insurance premium (MIP) could affect anyone who chooses an FHA loan to refinance or buy a home. Changes that will affect you in the place you least like – your wallet. Or your budget.
What if I told you that adding some extra cash to each monthly payment could potentially shave months off of your term and save you thousands in interest a month? What if I told you that you could see just exactly how much you could save over the life of your loan with one simple calculator?
So you’re interested in a VA loan, but you’re confused about some of the terms? You’re not alone. One of the most common questions that’s asked about VA loans is “What is the funding fee?” Simply put, the funding fee is a cost associated with obtaining a VA loan. Because VA loans are paid for both by the government and taxpayer dollars, the funding fee helps to offset the cost of administering the loan.
Welcome to the last Primary Mortgage Market Survey of the year. And fortunately for all you rate watchers, it ends on a good note! 30-year fixed rates drop this week, landing near record lows!
Greek philosopher Heraclitus once said “the only constant is change.” As much as we would like things to remain the same – our babies to stay little, our waistlines to stay small, our mortgage rates to remain low – they never do, or will. This week’s Primary Mortgage Market Survey is out and rates are both higher and lower than last week. It just goes to show how quickly these crazy low rates can change. If you’re not refinancing into a lower rate, you may miss out on your opportunity. There is never going to be a better time, because tomorrow never comes.
There are only a handful of things that can be measured in “record lows” – temperature, birth rates, sea ice…um…oh, mortgage rates! Of course! And this week, my friends, mortgage rates dropped! It wasn’t a dramatic drop by any means, but a drop is a drop and that means more money in your pocket. What are you waiting for?
Freddie Mac released its mortgage rates and economic forecast for 2013 and the news is looking pretty good.
Quicken Loans has exciting news! HARP, the government’s Home Affordable Refinance Program, has expanded to allow refinancing of homes with a loan-to-value ratio (LTV) of up to 200%
Mortgage rates took a slight increase this week according to the Primary Mortgage Market Survey from Freddie Mac. Refinance to a lower rate and save today.
Do you remember when Al Roker took over for Willard Scott as the Today Show’s weatherman? The whole world was in a tizzy, because everyone loved Willard Scott! Well, that’s a little bit how I feel right now, coming in on my man Mally’s turf. He’s a pro at this Primary Mortgage Market Survey stuff. I have some very big shoes to fill, I know. I hope I can win you rate lovers over. I’ll do my best.