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Mortgage and Lending - Strategic Mortgage - NMLS#160440-
When it first arrived a few years ago, the HARP refinance program was a very popular way for homeowners to refinance if their underwater on their current home loan. This article is a reminder that the program is still available, but will finally end this December.   The HARP refinance program is...
When it comes to purchasing a new home, after the foreclosure of a previous home, there are generally standard waiting periods for each of the major home loan programs. In this article we discuss common waiting periods to purchase a new home after a previous foreclosure or bankruptcy. On an FHA ...
As we approach tax day 2015, most homeowners who have taken out a mortgage probably already know of the tax advantage provided by deducting your mortgage interest payments.      However, many homeowners overlook another tax break available for points paid to get a home loan. In some cases, point...
    Recently a very positive announcement was made in regard to FHA home loans, in that the annual mortgage insurance premiums would be reduced by .5% for certain new FHA loans. We recently covered this change in a previous article, but the major change is as follows.   If you take out a new FHA ...
Housing and Urban Development, the Government entity that oversees the FHA home loan program, just announced great news for FHA home loans, as FHA mortgage insurance is getting cheaper.   Starting on January 26, 2015, the annual mortgage insurance for new FHA mortgages will decrease by .5% for a...
In today’s real estate market, it is not uncommon for a home to be purchased for cash. Often times if you can purchase a home for cash and close right away, you are able to have a higher likelihood of having your offer accepted or getting a better price for the home. However, one thing that not ...
  For many years, FHA loans have been the home mortgage program of choice for first time home buyers, as they offer only a 3.5% minimum down payment requirement and historically offered looser credit standards than conventional loans. However, in recent years, as FHA mortgage insurance rates hav...
In recent years as credit standards have tightened on mortgages, many home loan products have gone away, with more than a few for the good.   However, at the same time, we also saw the jumbo home loan market place shrink as well. Thankfully, it now appears that this trend is being reversed as ju...
The Federal Housing Administration 90 day flip waiver rule, which has been in place since 2010, is set to expire on December 31, 2014 and this time will not be extended, as has been the case in the past.                             The FHA flip waiver rule allowed a home buyer to purchase a home...
The minimum down payment to us a Fannie Mae Conventional mortgage loan to purchase a home, has been at 5% for the past year. However, Fannie Mae has now decided to lower the minimum down payment to 3% of the purchase, which is actually in line with their previous minimum down payment. The move i...

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