Obtaining a home loan may be a complicated process given the variety of loan programs, the documentation required, and the qualification process. Selecting Melrose MA loan professionals can alleviate some of the issues. The following is information on the benefits of selecting Melrose MA loan … [Read more...]
FHA Streamline Refinance For Melrose MA Loans Endorsed Before May 31, 2009
FHA loans ordinarily include an Up-Front Mortgage Insurance Premium (UFMIP) paid at closing and an Annual Mortgage Insurance Premium (MIP) due in monthly increments. The mortgage insurance amount is based on the date that the FHA Case Number is generated and remains until a loan balance falls under … [Read more...]
5 Considerations In Refinancing A Property – Melrose MA Refinance Factors
Refinancing a home mortgage can result in big savings when completed under the right circumstances. Every mortgage and homeowner is different, so the best time to refinance for one homeowner may not be for others. Prior to making a decision to refinance, think about these 5 considerations in … [Read more...]
Why It’s Important to Review Mortgage Commitment Letters
A critical step in the home buying process is the mortgage commitment. Most people assume that once they receive a commitment, everything is all set. This is actually not true! Here's why it's important to review mortgage commitment letters in detail before the contingency deadline. What Is a … [Read more...]
Updated FHA Loan Limits for 2017
Each year, FHA reviews average selling prices of homes in different regions and adjusts loan limits that apply to each. Additionally, they review the overall floor and ceiling restrictions for FHA loan amounts. If you plan to buy a home with an FHA loan, updated FHA loan limits for 2017 could impact … [Read more...]
