Image via Wikipedia Although there are many posts on the internet about FHA MIP rising to 1.55% that is factually inaccurate. The act signed into law on August 14, 2010 (HR 5981) does not state FHA monthly mortgage insurance premium (MIP) is increasing to 1.55% – it simply states MIP “may” be increased to a…
Monthly Archives: August 2010
Mortgage Definition: No Cost Mortgage
Today’s Mortgage Definition is: No Cost Mortgage No Cost Mortgage – A Simple Definition: The no cost mortgage (also sometimes called the zero cost mortgage) is an option when interest rates are falling and is when the lender agrees to pay all of the closing costs associated with the loan. All closing costs as in…
VA Urges Mortgage Firms to Help Gulf Coast Vets
The VA is urging mortgage companies to extend a helping — and patient — hand to veterans affected by the BP oil spill. Several companies have already pledged to waive late charges and suspend negative reporting to credit bureaus for Gulf state veterans, according to Secretary of Veteran Affairs Eric K. Shinseki. The secretary issued…
Housing bailout fall out – yet another failure
It must have seemed like a great plan to the president. Mortgage modifications certainly seem like the best choice to avert more foreclosures. At least to anyone who doesn’t understand or appreciate free market capitalism. Then again we’ve never actually had any of that. First the feds would pour billions of taxpayer dollars into a…
Improve your credit score, guaranteed.
Image via Wikipedia Not so fast.Preying on people who have a real need and are often blinded by their own circumstance is an age old practice. In today’s darkened economic and political climate the scammers are as likely to advertise their mostly empty promises as the trustworthy service providers. Perhaps the scams are even more…
I’m from the Government, and I’m Here to Help
Ever hear of the Law of Unintended Consequences? It states that when Congress passes a law to fix one problem, it will create five more. Government, being by and large populated with people that have not had jobs in the industries they regulate, is the poster child for “oh, I didn’t think of that.” With…
Mortgage Definition: FHA Short Refinance
Today’s Mortgage Definition is: FHA Short Refinance FHA Short Refinance – A Simple Definition: Recently, FHA (officially) announced that they are allowing FHA lenders to help borrowers who have negative equity in their home get a new FHA loan when the existing lender agrees to a short payoff. This is known as an FHA short…
Sellers Listing Homes in Macomb Appreciate Performance with Honesty and Integrity
Straight talk realtor, Sam Cicala, knows how to list a home in today’s buyers’ market Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Listing a Home with a Macomb Twp Straight Talk Realtor Can Make a Huge Difference
Macomb Twp sellers appreciate the straight talk realtor who doesn’t waste their time on blue smoke and mirrors to attract customers and get home listngs Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Listing Home in Sterling Heights with No-nonsense Straight Talk Realtor
Seriously, people are not so gullible that they actually believe a real estate agent can sell a home at top dollar within 24 hours… Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source