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Mortgage Rates Flat Ahead of Important Jobs Report
Mortgage rates were flat to marginally lower today. The mortgage-backed-securities (MBS) that most directly inform lenders' rate sheets were surprisingly unperturbed by the morning's GDP data and other considerations, suggesting any chance of more sincere movement is being reserved for tomorrow's Employment
Older Home 203(k) Loan: A Buyer’s Renovation Checklist
An older home 203(k) loan may let an eligible buyer finance a purchase and approved repairs through one FHA-insured mortgage. Start with the property's actual condition and a realistic work plan. A low asking price does not tell you what the roof, systems, permits, or repairs will cost. Reviewed October 13, 2026
Buying a Fannie Mae HomePath Property: Financing and Preparation
You can still buy a Fannie Mae HomePath property, but Fannie Mae has retired the former HomePath Mortgage and HomePath Renovation Mortgage offers. A property listing does not guarantee financing, waive mortgage insurance, or remove an appraisal requirement. What is a HomePath property? Fannie Mae uses HomePath
Avail FHA mortgage refinance with assistance of mortgage loan expert
Home mortgage refinancing is a development that has caught the fancy of a number of home owners irrespective of their credit score ratings. It is witnessed that home owners with very good credit score rating can secure advantageous results from conventional mortgage loan refinancing while home owners with poor cr
Co-op Mortgage Planning: Prepare for Your Purchase or Refinance
Buying or refinancing a co-op involves both your financial picture and the building’s requirements. NorthStar Funding can help you organize the property, board, appraisal, and documentation questions before you make a commitment. What can affect co-op mortgage planning Co-op financing may depend on the shar
Conventional Mortgage Planning for Purchases and Refinances
Conventional mortgage planning can support a purchase or refinance when the property, occupancy, documentation, and financial picture fit current program requirements. NorthStar Funding can help you identify the questions to resolve before you make a commitment. What a conventional review considers Eligibilit
FHA and VA Loan Requirements: How to Evaluate an Offer
FHA and VA loan requirements depend on the loan purpose, the property, your finances, and the lender's review. A program flyer can help you identify questions, but a list of features cannot tell you whether your application will qualify. Start by asking which program the proposed loan uses and which conditions ap
Mortgage Rates Bounce Back
Mortgage rates fell today, erasing yesterday’s weakness in many cases. There were no significant events in the morning, but bond markets had already improved overnight in Asia and Europe. The improvements held throughout the US trading day, allowing lenders to offer improved rate sheets compared
Mortgage Rates Much Higher After FOMC
Mortgage rates shot significantly higher after today’s FOMC Minutes reminded markets that the Fed is still intently considering a reduction in asset purchases. Most lenders are a full eighth of a point in rate higher than yesterday’s latest rate sheet offerings–many of them fared even worse.&nbs
Delayed Financing After a Cash Purchase: Fannie Mae Rules
Delayed financing after a cash purchase is a conditional Fannie Mae exception to the usual six-month ownership requirement for a cash-out refinance. Still, it does not ensure financing or establish that NorthStar offers a particular loan. What does the delayed-financing exception require? Fannie Mae's Selling G
Archived NorthStar Funding Information
Historical information This post is retained for visitors following an older link. It is not current mortgage guidance, a rate quote, or a lending offer. If you are considering a home purchase, refinance, or other financing decision, current documentation, underwriting, program requirements, and terms vary by l
IRS Red Flags: What cause an audit?
The chances of being audited depends on many factors – income level, deductions claimed, the type of business you have – and while there’s no sure way to avoid an audit, there are things to do to not draw attention to yourself. JUST THE TOUGH OF AN IRS AUDIT is enough to send most peo