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How Credit Scores Affect Mortgages and Rates

When it comes to qualifying for a mortgage loan, underwriters will look very closely at three main areas – credit, income and down payment.  A better understanding of the role your credit scores play in the mortgage process is a… Read more

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Increase to FHA Mortgage Insurance – April 2012

In our current economy, there are many homebuyers that find FHA’s low down payment option of just 3.5% very attractive, especially first time homebuyers.  For that reason there are many folks who need to know about the changes soon to… Read more

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FHA or Conventional?

While hosting a homebuyer seminar this weekend, a recurring question was asked.  “What’s better, FHA Loans or Conventional Loans?”

As is often the case, the answer to that question is… it depends.   Without getting into specific rate quoting which… Read more

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Mortgage Rates Break All-Time Record Lows But Casually Publicized Guarantee Fees Mean Higher Rates To Come

Just 13 days into 2012, Friday the 13th no less, and once again the headlines read Mortgage Rates Hit Record Lows.

For those interested in the cause and effect of this most recent movement in interest rates and the relevant… Read more