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Mortgage and Lending - Strategic Mortgage - NMLS#160440-



    Recently a very positive announcement was made in regard to FHA home loans, in that the annual mortgage insurance premiums would be reduced by .5% for certain new FHA loans. We recently covered this change in a previous article, but the major change is as follows.   If you take out a new FHA ...
Housing and Urban Development, the Government entity that oversees the FHA home loan program, just announced great news for FHA home loans, as FHA mortgage insurance is getting cheaper.   Starting on January 26, 2015, the annual mortgage insurance for new FHA mortgages will decrease by .5% for a...
In today’s real estate market, it is not uncommon for a home to be purchased for cash. Often times if you can purchase a home for cash and close right away, you are able to have a higher likelihood of having your offer accepted or getting a better price for the home. However, one thing that not ...
  For many years, FHA loans have been the home mortgage program of choice for first time home buyers, as they offer only a 3.5% minimum down payment requirement and historically offered looser credit standards than conventional loans. However, in recent years, as FHA mortgage insurance rates hav...
In recent years as credit standards have tightened on mortgages, many home loan products have gone away, with more than a few for the good.   However, at the same time, we also saw the jumbo home loan market place shrink as well. Thankfully, it now appears that this trend is being reversed as ju...

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