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Mortgage and Lending - Strategic Mortgage - NMLS#160440-
RECENT BLOG POSTS
This past week, both Fannie Mae and Freddie Mac announced that they are revising the requirement related to the mortgage eligibility date for homeowners looking to refinance through HARP. Previously, the HARP refinance program required your home loan to have been acquired on or before May 31, 20...
10/23/2013
Many homeowners who at one point had a short sale or a deed in lieu of foreclosure are now back in the market looking to purchase again, but until now, many of these potential buyers have had issues obtaining new home loans, mainly due to credit reporting errors. First, let’s look at the basics ...
09/19/2013
No Waiting Period To Refinance Fannie Mae Owned HARP Loans – After Short Sale, Foreclosure or Bankruptcy     The Home Affordable Refinance Program or HARP is a program that we have covered extensively in the past. It is a program designed for homeowners who took out a home loan prior to June 2009...
09/19/2013
  Currently the minimum down payment on a Fannie Mae Conventional purchase loan is 3% of the purchase price. However, as of November 16th, 2013, Fannie Mae will be eliminating the 3% down payment program and instead require a minimum of a 5% down payment. Now, this is only a 2% increase in the m...
09/19/2013
            The FHA home loan is a type of mortgage that has traditionally been used by many homebuyers to purchase a home with a smaller down payment. In fact, the minimum down payment on an FHA loan is still just 3.5% and all of those funds can be gifted from a family member for the purchase of...
09/19/2013
With the rise over the past few months in home loan interest rates, many are worried that the rise in interest rates will actually serve to stop the recent rebound in the housing market. With home values having rebounded in the past year and interest rates of all-time lows, it is certainly more ...
09/19/2013
  At the conclusion of the September 18th meeting by the Federal Reserve, most experts expected believied that the Federal Reserve would announce the start of the taper of their $85 billion dollar per month asset purchase program, known as Quantitative Easing (QE3 to be exact).               This...
09/19/2013
According to the recently released, Zillow Negative Equity report, 3.2 million homeowners nationwide in the United States have gone from a position of being upside down in their homes, to no longer owing more than their homes are worth. In other words, over 3 million homeowners who just a year a...
09/11/2013
  As we sit right now, 30 year fixed mortgage rates sit at levels which put them near two year highs. With that perspective, many potential new homeowners are wondering if they should wait for interest rates to come back down, before buying a new home. While no one knows for certain exactly what ...
09/11/2013
For homeowners or potential homeowners who have had a recent short sale, foreclosure or even bankruptcy, the Federal Housing Administration has recently released a new program that may allow them to purchase a new home, just 12 months after the above events.  The program is now available and per ...
09/10/2013
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