Mar
Get your FHA Mortgage Application started as fees increase .50% starting April 5, 2010
Brought to you by: www.thedailymortgagegazette.com Starting Monday, April 5, 2010, getting an FHA mortgage in Modesto and nationwide will be more expensive for borrowers. In new guidelines set forth earlier this year, the FHA announced plans to raise additional revenue and reduce the overall risk of its mortgage portfolio. The changes include the following: Increase [...]
Feb
Separating FHA Fact from Fiction: Mortgage Insurance Premiums
Brought to you by: www.thedailymortgagegazette.com The mortgage lending landscape changes a lot. Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Stockton that aren’t paying in cash. The loan you get today won’t always be the loan you get tomorrow. Because of how frequently bank rules are changing, it [...]
Apr
Get your buyer a loan that includes rehab & repair costs
There’s a great loan program for buyers who purchase properties that are in ‘less-than-stellar’ condition (i.e. some foreclosed homes) that can put money into your clients pockets for rehabilitation and repair of the purchased property. It’s called the 203k Rehab Loan Program. This loan program is for use in conjunction with an FHA loan and [...]
Mar
What FHA Allows vs. What Lenders are Not Allowing
Join Tony Frerking of PMZ Home Loans for a lively and informative discussion covering the difference between what FHA allows vs. what the lenders are not allowing and why. When: March 12, 2009 at 2:00pm Where: PMZ University – 1600 North Carpenter Road, Modesto, CA 95351 Come by and get educated so that you can [...]