The Florida Upfront Mortgage Broker

– Posted by The Upfront Mortgage Broker in Florida –
Do You Understand Your Property Tax Notices?
I received my property tax notice this week, did you? Did you understand it? It looked similar to the previous ones I received, column after column after column of boxes and numbers with “what if” scenarios included. [...]

Topic: Daily News, General information, Residential Mortgage articles, Uncategorized | Leave a Comment

– Posted by The Upfront Mortgage Broker in Florida
Congress Passes Housing Rescue Bill
In late July, Congress passed the final version of the Housing Rescue Bill and President Bush had agreed to sign quickly. Below are some of the highlights from the 694 page Bill.
FHA Housing Stabilization
“Hope for Homeowners Program”
Don’t get too excited. [...]

Topic: Daily News, FHA/VA, General information, Home Buying Tips, Loan scenarios, Residential Mortgage articles | Leave a Comment

First-Time Home Buyer Tax Credit
Frequently Asked Questions About the First-Time Home Buyer Tax Credit
The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home-buyers purchasing homes on or after April 9, 2008 and before July 1, 2009. The following questions and answers provide basic information about the tax credit. [...]

Topic: Daily News, General information, Residential Mortgage articles | 1 Comment

– Posted by The Upfront Mortgage Broker in Florida
WHAT IS FHA Secure?
FHA Secure is a refinancing option that gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With FHA Secure, the lender will not automatically disqualify you because you [...]

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On Wednesday, July 30, 2008, the President signed into law The Housing and Economic Recovery Act of 2008, which authorizes the Department of the Treasury to purchase obligations of housing Government Sponsored Enterprises (GSEs); reforms the regulatory supervision of the housing GSEs; provides reform of the Federal Housing Administration; provides homeownership assistance and reforms to [...]

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Fannie Mae Increases Loan Fees For Most Borrowers
A new risk-based pricing model and additional mortgage delivery fees were announced last week by Fannie Mae thus adding to the cost of buying or refinancing a home.
Here’s what it means:

Be prepared to pay more today to get a mortgage than you did yesterday.
Expect future increases as [...]

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– Posted by The Upfront Mortgage Broker in Florida
Private Mortgage Insurance and FHA Loans

For the first time in their history,FHA changed its funding fees and mortgage insurance structure. FHA-insured home loans are now subject to a risk-based pricing adjustment, as shown by the table below. In my opinion, this is a welcome change. [...]

Topic: Daily News, FHA/VA, General information, Residential Mortgage articles, Uncategorized | 3 Comments