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The Present and Future of Home Flipping: Guess Which Has the Better Outlook?

RealtyTrac data shows that in 2013, investors who purchased a home with the intention of flipping it within six months made an average of $10k more from the flip than the numbers shown for 2012. If we were to look at these numbers alone, the first impression might be that home flipping for profit has […]

4 Secrets to Refinancing an Underwater Mortgage

If you are one of the millions of homeowners across the country with a mortgage that is considered “underwater,” you’ve likely discovered the difficulty in getting your home refinanced to take advantage of a better rate. While government programs like FHA are allowing underwater homes to be refinanced, conventional loan holders are finding less luck. […]

Top 5 Changes in the Mortgage Industry for 2013

A lot of changes are happening in the mortgage industry for 2013, thanks to increased regulation and the lending industry tightening down on its rules. Knowing about these changes will help you make the best decision whether 2013 is the year for you to apply/refinance. Tip 1: Now’s The Time To Refinance Rates are expected […]

Changes Coming to FHA Mortgage Program in April 2013

After announcing a $16.3 billion deficit in November of 2012, FHA is on the verge of needing taxpayer bailout. In order to avoid this, FHA mortgage programs are expected to undergo a series of changes over the next few months—changes that will assist in raising the Federal Housing Authority’s reserves. Most significant among these changes […]

FHA Streamline Refinances: Too Good To Be True?

With mortgage rates at very attractive lows, many homeowners are seeking to refinance their existing mortgages to take advantage of the savings that lower rates bring. While low rates are good news, if your current mortgage is an FHA mortgage, there’s great news for you: FHA offers Streamline Refinances, which are the fastest, easiest way […]

Why You Should Take Advantage of the FHA Streamline Refinance Option if You Are an FHA Homeowner

The Federal Housing Administration (FHA) Streamline Refinance is an option available to all current FHA-backed homeowners, and now with new rule changes, the process is even easier to complete. In an effort to qualify more homeowners for the FHA Streamline Refinance, the FHA has decided to make the process as easy as possible. This means […]

What are the different types of mortgages and which one is right for me?

Let the mortgage prodessionals answer the mortgage questions that are most important to you. There are several types of mortgages and each client’s best intesrest are served by a knowledgeable mortgage banker who is familiar with all of them. In general there are conventional loans, government loans which inclufe FHA, VA, and Reverse Mortgages and […]