Mortgages Made Simple

Here are today's interest rates for Alabama as of October 11, 2010. Conventional 30 Year Fixed Rate 3.875% (4.147% APR) Conventional 15 Year Fixed Rate 3.750% (4.232% APR) FHA 30 Year Fixed Rate 3.75% (4.082% APR) FHA 15 Year Fixed Rate 3.75% (4.503% APR) VA Loan 30 Year Fixed Rate 4.125% (4.250%...

Here are today's local Marshall County interest rates as of October 11, 2010. Conventional 30 Year Fixed Rate 3.875% (4.147% APR) Conventional 15 Year Fixed Rate 3.750% (4.232% APR) FHA 30 Year Fixed Rate 3.75% (4.082% APR) FHA 15 Year Fixed Rate 3.75% (4.503% APR) VA Loan 30 Year Fixed Rate 4.12...

Great post on being "prepared" to buy a home.  Notice item #1 he lists:  "They are pre-approved..."   If you need to take step 1, give me a call or contact me via my website. Brandon SniderI Love a Prepared Buyer, Don't You? Are YOU a Prepared Buyer?   I love working with a prepared buyer. One wh...

I feel like I could've written this post myself!  I get on the same soap box Jeff.  Great post, and worthy of a re-blog. Brandon Snider  Shop till you drop - this might not be wise advice when shopping for a mortgage   I wanted to bring up this topic because it still happens more than it should. ...

This week, Congress has passed H.R. 5981 and it's headed to the President's desk.  There are some major FHA changes associated with this bill that gives FHA the authority to raise the annual mortgage insurance premium that is supposed to bring in $300 million more on a monthly basis to FHA. So ho...

  FHA first proposed the monthly mortgage insurance changes in the beginning of 2010. Bill H.R. 5981 was first passed by the House in the spring and was just passed by the Senate the other day.  What does this bill do for FHA mortgages? They have projected that it will yield approximately $300 mi...

  This is a great post laying out the importance of disclosing all the income and other tax-related during your mortgage application.  See one of my recent posts about how a borrower with a 720 FICO score got turned down.  It was a very similar situation, except for in my case it was rental prope...

Great news for buyers who are depending on the USDA Rural Development Program for 100% Financing.  On July 27, 2010, the House made a motion to suspend the rules on H.R. 4889, thereby moving forward the bill that would give emergency appropriations to the USDA Rural Development Program.  The moti...

    Are you one of thousands of borrowers who are looking for down payment assitance for your FHA Loan? If so, you may be in luck. Alabama Housing Finance Authority offers a program called the Step Up Loan that offers down payment assitance through a 3% second mortgage. FHA requires a 3.5% down ...

Attention AR community:   I've been looking for information on how to change the background on your ActiveRain blog, but either I'm looking over it, or there isn't anything out there.  I've noticed many of you have done it and maybe I should just contact you directly, but I thought I'd open this ...