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Benefits of Netting Escrow
Benefits of Netting Escrow Netting a borrower’s escrow during refinancing can make the process quicker. Instead of paying the new escrow amount out of pocket, a borrower can net, or apply the escrow balance from the original loan, using these funds to cover the difference for the new escrow account. Dependi
Freddie & Fannie Loans Compared
FREDDIE/LP Loans FANNIE/DU Loans NEW! BORROWER CONTRIBUTION - No minimum on primary >80% with or without non-occupant BORROWER CONTRIBUTION - from the borrower's own funds is not required - al
Specialized Financing for Stick-build, Modular and Manufactured Homes
FNMA, FHA & FINANCING AVAILABLE Permanent loan is closed before home is built. Creating new opportunities for more qualified borrowers As low as 3.5% down payment for FHA Zero down payment for VA with no mortgage insurance for most veterans Credit Scores as low as 530 for FHA and VA Borrower ma
MMG Weekly: Report Card in for 2016 Housing, GDP
Last Week in Review "Turn this house into a home." Luther Vandross. Existing Home Sales and New Home Sales followed a similar path downward in December. But the latest housing reports still had good news to share. Existing Home Sales closed out 2016 as the best year in a decade, though December's numbers were bel
HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility
https://homeready-eligibility.fanniemae.com/homeready/ https://freddiemac.com/homepossible/eligibility.html ? Put the address of your subject property into the HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility tool and if the income limit works for your loan then this product prices out MUCH better t
Purchase Power!!
3% Down* Reduced MI Coverage - 25% FTHB ALLOWED Down Payment Can Be A Gift 50% DTI Allowed* Conforming & High Balance Time To Get Home-Ready!
Our SELECT 24 Month Bank Statement Program
Self Employed Borrower Salaried Co-Borrower Allowed Personal and/or Business Bank Statements Allowed Interest Only & Fully Amortized 5/1 LIBOR ARM Purchase, Rate & Term Refinance and Cash Out Ask your Account Executive for Cash Out Maximum in Hand Owner Occupied, Vacation/Second Home, & Investment P
Last Week in Review
Last Week in Review: Consumers pull back on retail spending, while home loan rates hit their lowest levels of the year. Forecast for the Week: Housing and manufacturing will fight for a headline in the midst of geopolitical events. View: Activate those brain cells when you have 30 minutes. "I like spending
Mortgage Rates Rise Gently From 7-Month Lows
Financial markets are still reeling from political headlines that first began circulating on Tuesday afternoon. While stock markets made a reasonable attempt to retrace yesterday's big move lower, bond markets weren't as interested. Fortunately, that means mortgage rates moved modestly higher, leaving t
RIP Forever Homes: Millennials More Inclined to Move
Say goodbye to the idea of a “forever home.” No, I’m not talking about taking home a rescue pup. Instead, I’m referring to the antiquated idea of buying that dream house and living there forever. A recent community survey from Taylor Morrison shows that over half (56 pe
MMG Weekly: Retail Sales and Housing Starts Disappoint
Last Week in Review: The cha-ching didn’t register at retailers in May. Housing Starts disappointed. Inflation remained tame. “Don’t bring me down.” Electric Light Orchestra. Despite gains in April, consumers slowed down their purchases in May. Remember: Weak economic news normally ca
Freddie Singing a Different Tune on Housing/Mortgage Outlook
On November 30, 2016 Freddie Mac's economists issued their monthly Outlook which, in light of the sudden surge in interest rates earlier that month, was decidedly gloomy. MND's coverage of the forecast elicited a lot of concern from readers, especially when we quoted Freddie Mac that, un