Archive for November 2012

FHA Mortgage Insurance Is Going Up

FHA will be raising their mortgage insurance rates sometime in 2013. For loans with the minimum down payment of 3.5%, the annual mortgage i...

On November 13, Fannie Mae changed the rules for getting a cash-out refinance for people with 5-10 financed properties. Effective immediate...

A lot of people ask us if it's OK to change loan programs after they have signed a sales contract to buy a house. For example, can some...

When purchasing a house, the seller is allowed to pay for some of the buyer's closing costs, but there are limits to how much the seller...

What is mortgage insurance? When do you have to get it? When does it go away? Here's what you need to know: Mortgage insurance is an i...