Wendys Mortgage Blog

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Mortgage and Lending - Prospect Mortgage - NMLS #40660
RECENT BLOG POSTS
On Thursday the U.S. Senate voted to raise FHA loan limits to $729750 through 2013. The loan limits vary from county to county. This vote should add homebuyers to the search for new homes. FHA loans are an excellent tool for first time homebuyers. It allows for down payments as low as 3.5 percent...
11/20/2011
3 Comments
Home Affordable Refinance Program (HARP) Extends by One Year The Federal Housing Finance Agency announced an extension of the Home Affordable Refinance Program (HARP), a refinancing program administered by Fannie Mae (DU Refi Plus) and Freddie Mac, (Open Access) to June 30, 2012. The program was ...
03/21/2011
5 Comments
Real Estate Agents: Join us at our 203k Seminar- Education Skills Do you have listings that simply will not sell? Are your borrowers looking at an older home that needs work? Do you have listings that need updating or repairs? YOU ARE INVITED TO ATTEND ANY ON OUR EXCLUSIVE EVENTS to learn how YOU...
03/07/2011
FHA CHANGES     For all of you who have FHA deals in early stages you will want to read this. FHA is increasing annual MI (monthly payment) For all case numbers assigned on or after April 18, 2011 the new monthly mortgage insurance premium will be increasing. The Upfront MIP is still at 100 bps,...
02/22/2011
5 Comments
MASS HOUSING   Mass Housing is an option that I think some people overlook.  They have great rates and many little nuances for a loan that may not be able to go FHA. Down payment can be as little as 3% on a single family and condominium. Mortgage insurance is cheaper than FHA and there is no upf...
02/21/2011
  UNCLE SAME WANTS YOUR MONEY Americans  who took advantage of the First Time Homebuyer Tax Credit in 2008 of $7500 will have to depart with some money. You now have to  increase your tax liability when filing your tax returns by $500.00. This being the first of the next 15 years of your life, pr...
02/16/2011
I am not a generation Y (age)  girl myself, but completely agree with the fact that there are some people better communicated with by technology (texting).  I am very quick to reply to text messages. My thought is that texts are something of great importance and maybe even "good news" because of ...
02/02/2011
Paula Chapin has moved to Charlies Diner Bar & Grill   Charlies Diner Bar & Grill was originally called Mill Pond and was located in Wareham Ma.  It was purchased by the Turner family in 1950 and moved to Plantation St. in Worcester.  Three generations of Turners have owned the diner and in 2002...
02/02/2011
Seems like everyone cringes when they hear the words 203k Rehab loan. However, with 7 million dollars in delinquent or foreclosed mortgages out there, they will become very needy words. It is stating the obvious that when a home is foreclosed upon, the property becomes distressed. The party that...
01/23/2011
RE/MAX of New England Teams up with Prospect Mortgage to Better Service Clients in 2011                                     Prospect to be the preferred mortgage lender for RE/MAX   Natick, MA - December 27, 2010 - RE/MAX of New England has recently entered into a new partnership with Prospect Mo...
12/27/2010
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Wendy Burdett

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