From the category archives:
Borrowers with some federally insured mortgages will be able to refinance into lower interest rate loans more easily and cheaply under a plan unveiled yesterday by the Obama administration. At a news conference, President Obama announced that the Federal Housing Administration will cut upfront fees for refinanced loans it already insures. The new fees are [...]
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The Federal Housing Administration (FHA) announced that it is increasing both upfront and annual premiums for its insured single family loans. An increase of 0.10 percent in the annual premium mandated by the Temporary Payroll Tax Cut Continuation Act of 2011 will be effective for all loans written after April 1. In addition, FHA is [...]
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Here is the number one reason why people refinance their mortgage. With the price of college going up every year refinancing their home is the first option for most parents these days. College is getting more expensive every year. This is the number one reason people don’t have as much equity in their homes as [...]
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