There are two new programs aimed at helping homeowners refinance their loans into the current low mortgage rates. For conventional loans (Fannie Mae and Freddie Mac), HARP 2.0 extended guidelines to the existing DU Refi Plus program.  We can now refinance an owner-occupied property regardless of the current value of the home!  Investment properties and 2nd […]

HUD has really done it to us again.  We have used FHA financing to give a lot of people access to the low-priced housing market in the past few years.  HUD charges borrowers an upfront MI (mortgage insurance) fee as well as an annual MI fee.  Currently, those rates stand at 1% upfront and 1.15% […]

The table below outlines many of the issues today’s borrowers may have faced and the minimum times required by the lenders for those issues to settle.  Keep in mind, the list just represents the soonest we will be able to approve you for a loan.  We still need a AUS (automated underwriting system) approval, qualifying […]