Yesterday, the Federal Housing Administration (FHA) announced that it is reducing its annual Mortgage Insurance Premium (annual MIP) rates for most Title II forward mortgages with Closing/Disbursement dates on or after January 27, 2017. These annual MIP rate reductions will expand access to mortgage credit, and are expected to lower the cost of housing for […]
Home sales will accelerate, and the new President-Elect Donald Trump will occupy the Oval Office. Those are two predictions we can make with confidence about 2017. As for mortgage rates, who knows? They were low throughout 2016, spiked higher after the election, but are still low by historical standards. They could remain low in 2017, […]
This rule basically combines four forms into two new forms, with the idea of making it easier for consumers to locate key information, such as interest rate, monthly payments, and cost to close the loan: Good Faith Estimate (GFE) and the initial Truth-in-Lending disclosure (initial TIL) have been combined into “Loan Estimate” form. HUD-1 and […]
Not all loans are created equal. Some mortgage companies are quick to offer the same, standard loan to all of their clients ? not HomeWay Mortgage. We know that everyone is different and deserves a personalized look to determine what type of loan is the best fit for them. The two most common loans are […]
If you meet the qualifications, a Department of Veteran?s Affairs loan may be the best choice when it comes to your Houston mortgage.? These loans are available for veterans, active duty, reservists/National Guard reservists, and surviving spouses of those who died in or as a result of service.? This process is similar in nature to […]
Buying a house is often a more stressful process than it should be.? We have all heard the horror stories of financing falling apart at the last minute ? don?t let that be you!? When you are looking for a Houston mortgage company, use these tips to find a reputable company to finance your mortgage […]