Mortgages

The 3 Big things you need to know about FHA

FHA (US Federal Housing Administration) has mortgage insurance no matter how much you put down. A lot of people assume that, since with a conventional loan if you put down twenty percent you don’t have mortgage insurance, so with FHA it must be the same. Wrong! FHA requires monthly mortgage insurance regardless of how much…

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How Much Mortgage Can I Afford?

You will need a basic calculator for this.  The one on your phone is totally fine. In a perfect world you would talk to a great, amazing mortgage originator upfront.  However, we all know that is not realistic and if you are like me you want to crunch the numbers first to get a rough…

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The Fed Raised Rates, Now What…

Yesterday, June 13, 2018, the Fed raised rates by .25% and said there was a strong possibility of two more rate hikes this year.  In mortgage land we always gasp when the fed raises rates primarily because we know we will be fielding 20 calls of buyers who think they now will be priced out…

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How long should it take to close a home loan?

I’ve been thinking a lot about the mortgage process.  I’m fortunate to work for a company where our CEO is constantly thinking about the same thing –  How can we make it better and faster and easier for our clients while still giving them solid advice and fantastic rates and loan options? When I personally…

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