Author Archive

Mortgage Broker Loan Closures – The Ability to Pay and Credit Score Factors

Friday, October 14th, 2011

Two key factors are taken into account by the lenders when considering an application for a mortgage loan – the borrower and the property. With regard to the Borrower, there are two key factors you need to be able to explain to your mortgage seeking clients…

What is in store for contractor mortages?

Thursday, July 28th, 2011

Posted: Jul 28, 2011 |Comments: 0 |

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The Ugly Truth About Reverse Mortgages

Wednesday, July 6th, 2011

Someone that I know was talking to me about the subject of reverse mortgages. This guy thought the concept of a reverse mortgage is, as he said it, “a great deal if you are retired and own your home”.

Career Advice for Faculty at California State University

Sunday, April 17th, 2011

Edit Article | Posted: Apr 16, 2011 |Comments: 0 |

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FHA Announces Change to Mortgage Insurance

Monday, February 21st, 2011


In a move to bolster the Mutual Mortgage Insurance Fund (MMI), FHA has announced an increase to the annual mortgage insurance premium paid by borrowers with FHA-insured mortgages. While the Up-front Mortgage Insurance Premium will remain unchanged at 1.0%, the annual Mortgage Insurance Premium will increase from 1.0% to 1.25%. The increase will amount to a monthly payment increase of $20.84 for a $100,000 mortgage and an increase of $41.66 for a $200,000 mortgage.
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The Last Piece of Pie is For Me!

Monday, August 30th, 2010

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Why FHA Loans Are Getting More Popular Lately and What is an FHA Loan Anyway?

Friday, August 27th, 2010

The Federal Housing Administration, or FHA, is an agency of the government that is designed to help improve housing standards and provide home financing through a system that not only provides home buyers with loans but also provides mortgage insurance. Mortgage insurance from the FHA assists home buyers in obtaining mortgage loans from approved lenders by guaranteeing payment on the loan if the borrower defaults. The payment of this mortgage insurance can be incorporated right into the monthly mortgage payment or a portion of it can be paid upfront to reduce monthly payment amounts.