Mortgage shopping can be a confusing process. With so many different factors to consider, how can you make sense of it all and select the best option available? Here are a few mortgage comparison tips to help you make smart mortgage and home buying decisions. 1 - Look Beyond Interest Rates So … [Read more...]
2019 Loan Limits for Conforming and FHA Mortgages in Massachusetts
The new year brings some good news for Massachusetts home buyers. For many counties in MA, loan limits have increased to reflect rising home prices. Here's a look at the 2019 loan limits for conforming and FHA mortgages in Massachusetts. Increased FHA Loan Limits for 2019 FHA loan limits for … [Read more...]
Home Issues That Won’t Pass FHA Guidelines
When applying for an FHA loan, there are certain safety standards the Federal Housing Administration requires the home to pass. If a home does not meet the basic minimum requirements, the FHA loan will not be approved. If you are in the market to sell or are considering buying a home, these 5 home … [Read more...]
Melrose MA Loan Professionals
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...]
