The new FHA streamline program makes saving easier than ever for homeowners who bought their house with an FHA loan prior to May 2009. Back in 2008-2009, a “good” rate was 5.5% or so. Now, it’s 3.5%. On a $200,000 loan that’s a monthly savings of $236! But what makes this program unique is that...Read More
In a recent issue of Forbes, writer Mark Greene illustrates in enlightening fashion the realities of getting approved for a mortgage loan in 2012. It’s one of the clearest explanations we’ve seen about why the process of getting a loan approved these days is harder than ever. It’s not because banks are simply trying to...Read More
New guidelines have lowered the fees on many of these federal loans. The changes drop the cost of refinancing for millions of homeowners. Not all mortgages are eligible, but if yours is, the savings could be substantial. To read more about the new program, click here. If you think your loan fits the bill, or...Read More
