Mortgages

HUD Announces Policy Changes for FHA Mortgage Loans

HUD Announces Policy Changes for FHA Mortgage Loans

| March 1, 2012 | 0 Comments

February 27, 2012 HUD No. 12-037 WASHINGTON – “As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage loans.  FHA will […]

Real Estate Sale Statistics Iselin, New Jersey

Real Estate Sale Statistics Iselin, New Jersey

| January 21, 2012 | 0 Comments

Real Estate Sale Statistics in Iselin, New Jersey Obtaining reliable information regarding real estate statistics in Iselin, New Jersey can be important to home buyers interested in buying a home in Iselin, but they can also be important for Iselin homeowners, whether thinking or planning on selling their home or not! It is easy to understand why obtaining reliable real estate sale statistics in Iselin […]

Mortgage Interest Rate at 50 Year Low

Mortgage Interest Rate at 50 Year Low

| August 20, 2011 | 0 Comments

On August 18, 2011, FREDDIE MAC  announced that the 30 year fixed mortgage interest rate averaged 4.15%(with 0 .7 points), down from 4.32% the previous week and breaking the previous low of 4.17% set on November 11, 2010. The 15 year fixed mortgage interest rate averaged 3.36%( with 0.6 points), as compared to 3.50% the previous week. With mortgage […]

The Impact of Mortgage Interest Rates!

The Impact of Mortgage Interest Rates!

| May 21, 2011 | 0 Comments

Should Buyers Pay More Attention to Mortgage Interest Rates or Timing the Home Purchase When Home Market Values Hit Bottom? The Dilemma: Buy Now or Wait? Home buyers are searching for the answer.  Many buyers are looking at homes week after week. They see home prices below price levels of last year, and much below the values […]

Mortgage Interest Rates: First Quarter 2011

Mortgage Interest Rates: First Quarter 2011

| April 2, 2011 | 0 Comments

After increasing to over 5% in late December of 2010, mortgage interest rates ranged from 4.75% and slightly above 5% throughout the first quarter of 2011. Image courtesy of BankRate.com. Whether buying or selling a home in Iselin, New Jersey or Colonia or Edison, in Middlesex County or in  any other State, the movement of mortgage interest […]

More Mortgage Basics For Home Buyers

More Mortgage Basics For Home Buyers

| April 1, 2011 | 0 Comments

Know Your Limits A home buyer needs to know their financial limits. A home buyer needs to know how much of a mortgage payment they can qualify for based on their income, but more importantly, they need to also know how much they are willing to pay per month in a mortgage payment. There is […]

Mortgage Basics for First Time Home Buyers

Mortgage Basics for First Time Home Buyers

| March 13, 2011 | 1 Comments

Whether looking to buy a home in Iselin, New Jersey,  in Colonia, in Edison, in Middlesex County or any other State, a home buyer needs to understand mortgage loans, mortgage qualifying, mortgage payment affordabilty and the mortgage application process. The reason for this is very basic: most all buyers need a mortgage loan to purchase and […]

Changes in FHA Mortgage Loans Coming April 18, 2011

Changes in FHA Mortgage Loans Coming April 18, 2011

| February 16, 2011 | 0 Comments

FHA Loans Will Cost More After April 18, 2011 The FHA Mortgage Insurance Premium (MIP) will increase 25 Basis Points Just the other day, FHA Commissioner David H Stevens announced changes for FHA Mortgage Loans. These changes are for any FHA loans that are assigned case numbers on or after April 18, 2011. Instead of […]

Mortgage Rate Update

Mortgage Rate Update

| February 11, 2011 | 0 Comments

Let’s Talk About Mortgage Interest Rates Again! Mortgage Interest Rates Well, interest rates increased to over 5% in December, 2010. Then they retreated to a little under 5% in January, 2011. Now, they are moving back up above 5% again. Refresh your memory with a review from my January 10th post. First of all, mortgage […]

Mortgage Interest Rate Surprise?

Mortgage Interest Rate Surprise?

| January 10, 2011 | 0 Comments

Interest rates have been surprisingly low for such a long time, no one really thought they would go up. Well, they did, and everyone was caught off guard. In fact, at the end of December, mortgage interest rates increased to 5%. and slighly higher. A surprise to most people involved with real estate! The Good News is that they […]