Category: Blog
Does checking your credit hurt your score?
One of the myths surrounding personal credit scores is that checking your own credit reports and scores will make your score go down. That myth has been around for nearly as long as credit reporting agencies. This myth hurts home buyers because it discourages them from checking their credit report in order to kn
Home Prices Rise Most since 2006; Pace to Slow
Home Prices continued higher for most of the metropolitan areas examined in the most recent quarterly report by the National Association of Realtors® (NAR). Median prices for the report were based on closings in the 3rd quarter. The number of Metropolitan Statistical Areas (MSAs) with higher prices incr
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
Find an Older Home and Use a 203(k) Loan to Fix It Up!
If you're having trouble finding and buying your move-in ready dream home, you're not alone. Today RealtyTrac released its aging homes report, showing that more than 70% of U.S. homes were built before 1990. To make matters worse, institutional investors are snatching up the newest homes, seeking to avoid the cos
Fannie Mae HomePath Loan Program!
Just wanted to make sure everyone knows that Northstar Funding offers the Fannie Mae HomePath Loan Program! If you are not sure about the program or have any questions, Call us, We can help you! Some highlights: No Mortgage Insurance Required No Appraisal Required LTV up to 97% on Primary, 90% on Investme
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
Top 10 reasons to send us Co-ops!
Top 10 reasons to send us Co-ops! Required credit score reduced to 660 Max DTI for primary and second home occupancy 45% Purchase and R/T, primary and second home occupancy to 90% LTV Primary occupancy cash out to 80% LTV. High Balance primary residence 90% LTV with 720 fico score, 75%
Top 10 reasons to do Agency Direct loans with us!
Top 10 reasons to do Agency Direct loans with us! Credit score down to 620 with DU/LP Approval Asset Depletion can be used as qualifying income 5-10 financed properties for N/O/O and 2nd home transactions Cash out on primary residence to 85% LTV Credit docs good up to 4 months "Flip" transactions allo
Our FHA/VA Edge can assist your borrowers in owning a home:
Our FHA/VA Edge can assist your borrowers in owning a home: DTI up to 56.5% with AUS approve/eligible Manual Underwrite available for AUS Refer/eligible (DTI limited to 31/43) Reserves only required as determined by AUS or FHA Guidelines Refinances eligible after 6 months of payments H
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
Check out what Northstar Funding Delayed Financing can offer your borrowers!
Delayed Financing is GREAT for borrowers that need to get cash out without the wait! CASH OUT REFINANCE WITHOUT 6 MONTH TITLE SEASONING OWNER OCCUPIED, 2ND HOME OR INVESTMENT PROPERTIES CONFORMING OR HIGH BALANCE LOAN AMOUNTS FUNDS USED TO PURCHASE PROPERTY CAN BE FROM PERSONAL LOAN, HELOC ON ANOTHER PROPERTY OR