A new personalized report is now available to homeowners with conventional loans who want to remove private mortgage insurance, or PMI, from their monthly mortgage payment. The PMI Terminator™, a personalized eight page report, is a detailed analysis describing up to eight possible scenarios when borrowers can cancel their PMI early without refinancing and without waiting for the loan balance to reach a pre-determined percentage of the home’s original value.Continue reading →
On May 25, 2016, attorney's for the FTC's Division of Financial Protection published an announced of the FTC's list of hundreds of companies and people that they put a sequel on their misleading operations.
In this post, we'll share insight about the Federal Trade Commission's publication and some tips for shopping for a mortgage relief or debt relief company.Continue reading →
Did you know it’s simple to find out if you qualify? Put your assumptions aside and call a local mortgage lender. It may be more affordable to buy Ocean Pines, MD real estate than you think!
In this article, I share five different mortgage loans that could help you buy a home in the Ocean Pines, MD area.Continue reading →
Whether you’re a homeowner, future homeowner, or a professional, it’s a necessity to stay up to date with all the new ideas and trends happening. There are millions of blogs online – And it’s humanly impossible to attempt to read them all.
Most of us know the impact the US housing market faced after the bubble burst in 2008. A big problem was the lack of information available to us without going to a salesperson.
In this post, we’re going to highlight six awesome blogs that focus on one thing: real estate. We’ve found some excellent blogs that we wanted to share in hopes that you find educational content when you’re buying a home, selling a home, or looking for some new ideas you didn’t know exist.Continue reading →
Many believe the effects from collapse of the US housing market is beginning to stabilize. There are plenty of signs and data showing improvement, but are some signs pointing another direction?
Back in 2005-2007, prior to the financial crisis and the great recession, it seemed mortgage loans were almost as easy to get as candy. Millions of Americans bought into the American dream of homeownership. Hey, if the lender approves you for a loan, you must be able to afford it! Right?
In my opinion, I think there are some concerning factors we need to begin to questions!Continue reading →
Just 11 days after the Federal Housing Finance Agency announcement of the New Principal Reduction Loan Modification Program for eligible Freddie Mac and Fannie Mae mortgages, Fannie Mae announced another plan.
Now, Fannie Mae plans to begin securitizing reperforming loans, which will give them options, and may reduce the size of their mortgage portfolio. Borrowers that became current on their monthly mortgage payments with or without a mortgage loan modification program, have stabilized Fannie Mae's investment, and in return may be sold to new investors.
Securitization of Fannie Mae's reperforming mortgage loans is expected to begin in the second half of 2016.Continue reading →
Maybe you want to lower your payments, or perhaps for a shorter the mortgage term. Homeowners who want to pay less on their mortgage each month may be able to do so.
There are a number of tips available to help you reduce your mortgage payment and gain financial flexibility. Refinancing a mortgage loan is one. But before you jump into the game, there are some steps you’ll want to take before contacting a mortgage lender.
In this post, guest Delmarva Home Relief blog contibutor Mike Wise, Founder and CEO of Capstone Direct Mortgage Financing, shares some tips to prepare our readers for their journey to refinancing a mortgage loan.Continue reading →
If you’re buying a condo with a mortgage loan, you’ll need to ask your loan officer, “How much mortgage can I afford”? You’ll also need to make sure it fit’s into your monthly household budget after considering all of your necessary expenses like utilities, groceries, car expenses, travel, and so on…
When you buy a condo, you'll need to factor in your condo association fees and the extra expenses with condo ownership.
In this post, I’ll breakdown the basics of what you’ll need to look for when buying a condo with an HOA and share some resources and best practices to help you determine how much mortgage you can afford.Continue reading →
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Your FICO score is greatly impacted by your credit payment history. In Fact, MyFICO.com says, it makes up 35% of your credit score. That's huge!
If you want to be better prepared for buying a home and getting a mortgage, you'll want to make sure your payment history isn't impacting your credit in a negative way.
In this post, I'll share some helpful tips and best practices to help you understand how your credit payment history impacts your credit.Continue reading →
FHA loans can be a great program for first time home buyers. FHA loans, which are insured by the Federal Housing Administration, offer buyers loan options with low down payments, low closing costs and looser credit qualifications.
In this post, guest blogger Lauren Peddinghaus of CondoGrade.com shares 5 quick tips for buying a condo with an FHA insured mortgage.Continue reading →
If you’re a potential first-time home buyer, then an FHA loan may be a viable option. There’s a lot to consider when investigating FHA loans, in California or elsewhere. If an FHA loan is the route you choose, read these ten helpful tips.Continue reading →