Posts Tagged ‘Changes in mortgage lending’

Are You Ready for a Lower Mortgage Payment?

Are you or someone you know considering a foreclosure? You may want to consider a short sale to save your credit! Loan Modification Verses Refinance Verses Short Sale: What is the best option for you? Loan modifications are becoming easier to obtain, but still require a “financial hardship”.  This could be defined simply as loss of income.  […]

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Important Changes in Mortgage Lending and Loan Programs

New changes in mortgage lending and loan programs will take effect in 2011. The details follow. FHA Loan Changes: There will be an increase of 25 basis points or .25% in the annual MIP (monthly insurance premium), meaning .25% of your loan amount. For instance if your loan amount is $275K, this will amount to […]

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