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fha
FHA Loans Just Got More Expensive
Please submit your FHA Mortgage Application by today, Friday April 2nd, 2010. Starting on Monday your insurance premium is on the rise! So yes, FHA loans are gettimg much more expensive. The upfront premium is going from 1.75% to 2.25% of the total loan amount, and this is a big number.
FHA Tightens Mortgage Requirements: Lending Costs To Rise
On January 20th, the Federal Housing Administration (FHA) announced it would tighten certain lending requirements and guidelines with the purpose of reducing risk and improving its weakening financial health.
5 Thoughts on Mortgages for 2010
My thoughts on Mortgages for 2010, lending guidelines get a bit tougher, down payment requirements stay the same, please have the best possible credit score you can have at the point of application, interest rates go up and FHA financing is all the buzz right now.
Boston Massachusetts Mortgage Rate Update 12 / 22
Boston Massachusetts Mortgage Market Updated is a resource for potential Homeowners and current Mortgage Borrowers to understand what economic data is relevant and what the situation is with mortgage Interest Rates. Brian Cav will provide a opinion as to whether you should lock or float your Home Mortgage
Should You Be Refinancing Now? Yes Massachsetts You Should: Mortgage Rates Are At All-Time Lows
Refinancing Applications are way up as borrowers rush to lock in Mortgage Interest Rates before expected increases in 2010. I look at how refinancing now might be the right choice for you.
FHA Guidelines To Tighten in 2010
In 2010, the government wants FHA applicants to have more “skin in the game.” Borrowers will need a bigger down payment and higher credit score to qualify.
