It is much more than just mortgage rates & saving a few hundred bucks on closing costs. Time could also cost you money. Mortgage brokers and banks are fundamentally distinct…

Recently, a new loan program came out whereby the borrower does NOT have to be employed. In fact, there is no employment or income information on the application. This is…

With the new Dodd-Frank rules, it has impacted hundreds of thousands of legitimate self-employed borrowers from getting a residential home loan. It has for the most part taken away stated…

Let’s look at how this would work with your mortgage balance. Example: A homeowner with stellar credit owes $150,000 at 4.75% and is paying $782.47 on a refinance they did…

The Federal Home Administration is being accused by the National Association of Realtors of making the costs of their mortgage insurance too excessive which has effectively eliminated hundreds of thousands…

The short answer is Yes, but with an attached disclaimer. No matter if the mortgage insurance premium (MIP) is added to the mortgage or paid with cash by the borrower,…

The short answer is YES you can. However, it will not be with a no income verification loan. The days of stated income and falsifying your income are pretty much…

If you and your spouse have a joint home mortgage, refinancing your mortgage before divorce proceedings might be the best choice financially. This type of scenario has a few choices….

Is HARP available on Loans over $417,000? NO, loans greater than $417,000 are categorized as jumbo loans. HARP was made to help borrowers who are underwater on Fannie Mae and…

On Jan. 10, a new rule for residential mortgages becomes effective which is intended to protect borrowers and lenders from the problems brought on by the past housing crisis. In…