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Hidden cost of the extension to the payroll tax reduction
I’m sure everyone at some point read or heard about the debate over whether or not to extend the payroll tax reduction. It was yet another point of contention in D.C. (isn’t everything these days?… I...
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FHA Streamline Refinance
In my recent post about the hidden cost of the payroll tax reduction extension, I alluded to the fact that some homeowners are experiencing problems trying to qualify for this program. In order to...
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Accidental Landlord and HARP
“Accidental Landlord” is the term being thrown around to describe the scenario when a homeowner bought a new primary residence but was unable to sell their current primary residence. When this occurs,...
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FHA Streamline Refinance loosening guidelines
On Tuesday, the White House announced some pending changes to the way FHA streamline refinances are handled. Note that these changes are announced. While described as “effective immediately,” FHA will...
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Using APR to find a “great deal”
Last year I blogged about whether or not APR really showed the “truth in lending.” You can see that post from my blog here. Recently I ran across a post by Dan Green from @mortgagereports. Dan is a...
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Apply now for FHA streamline refinance with lower mortgage insurance rates
Shortly after FHA announced their new (and lower) mortgage insurance rates for streamline refinances in March, I quickly jumped onto The Mortgage Blog to update the millions and millions of loyal...
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Lower FHA MI rates coming soon. Get started now!
As advertised, the lower mortgage insurance rates for FHA Streamline Refinances begins this Monday (June 11th). You don’t have to wait until Monday to get started. If you qualify for this program, and...
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FHA is at it again
It seems every time we turn around, FHA has a new change and/or tweak to their guidelines. Just when we think we know what is coming, FHA moves the ball on us again. Most of the time the changes...
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Who pulls your credit can impact the credit score
Really?!? Can the company pulling a copy of your credit impact the credit score? The answer is yes, it can impact the score. The better question now is “why”? The reason is simple. Each credit bureau...
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Just kidding
Apparently using the “Charlie Brown” picture in a previous post was even more appropriate that I first thought. As you read last week, FHA had a new change coming that forced borrowers to pay off all...
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Rise of the Interest Rates – Part 2
Like any good summer blockbuster, you need at least one sequel. As the End Begins for historically low interest rates (at least, today it appears that way), let’s take a look at what was probably the...
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Rise of the Interset Rates – Part 3
By the time you get to the third movie, the actors are tired and they are just throwing stuff together to make a movie (see Godfather 3, Terminator 3, and The Hangover 3 to name a few). Here’s hoping...
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Brave New (Real Esate) World
In case you haven’t noticed – the housing market is much different in 2013 than 2012. Over the past several years, the real estate market has been a buyer’s market due to fewer people looking to buy...
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Rates up, down and all around
Contrary to some conspiracy theorists out there, interest rates are not lowered based on banks needing more business OR rise because of too much business. If this conspiracy theory isn’t true, what...
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The end of Fannie and Freddie?
Since the housing market crashed in 2008, the government has gone back and forth over whether or not to close down Fannie Mae and Freddie Mac. The argument is this – why should the government pay...
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Qualified Mortgages
There has been a lot of news coverage lately on Qualified Mortgages now that the rule has taken hold in the mortgage industry. What is a Qualified Mortgage and how does it impact the mortgage...
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Mortgage Mythbusting
Continuing our educational series. Today, we’ll focus on mythbusting. To contact any of us at Dunwoody Mortgage Services, click here!
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Creating a budget
Here is another one of our educational videos. Today’s discussion involves creating a budget. To contact any of us at Dunwoody Mortgage Services, click here!
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QE3 is officially over
As promised, the Federal Reserve ended their Quantitative Easing (also called QE) program last week. This wasn’t unexpected. Toward the end of 2013, the Feds announced they would begin tapering off...
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LPMI Loans – Things to consider
Continuing a series on LPMI loans, or Lender Paid Mortgage Insurance. Last time I introduced LPMI loans. Today, I want to focus on two things to consider when deciding between using a conventional...
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