Freddie Mac’s Home Possible Mortgage is a great mortgage program designed for first time home buyers. What’s so special about this program is that it allows a home buyer to qualify for dramatically reduced mortgage insurance premiums with a minimum down payment. The down payment may be gifted by a family member. No reserves are required for a single family dwelling.
Freddie Mac Home Possible Mortgage
August 30, 2013 by 17 Comments
What may impact mortgage rates this week: August 26, 2013
August 27, 2013 by Leave a Comment
Mortgage rates are not just influenced by scheduled economic indicators. Sometimes uncertainty in the world, such as what’s going on in Syria, will cause a flight to safety with investors seeking bonds, like mortgage backed securities. This is causing mortgage rates, which are based on mortgage backed securities, to be improved this morning.
Here are a few of the economic indicators scheduled to be released this week:
Considering refinancing or buying a home? UNPLUG YOUR SHREDDER!
August 23, 2013 by Leave a Comment
If you are like me, you probably shred just about any documents that has your personal information on it…it’s just habit or second nature. I often sort through my mail right next to our shredder. If you are considering buying a home or refinancing your current mortgage, this is a practice you will need to reconsider.
The mortgage process will require that you provide all sorts of documentation.
What May Impact Mortgage Rates this Week: August 19, 2013
August 19, 2013 by Leave a Comment
I hope you are having a wonderful summer. Our Seattle summer has been just beautiful – I don’t even mind the few days of rain we’ve had sprinkled in. Anyhow, you’re not reading this post for a weather report, are you? Let’s get back to what may impact mortgage interest rates this week! Today and Tuesday, we don’t have any economic indicators scheduled to be released. Wednesday is the big day with the minutes from the last Fed meeting being released.
Main Stream Media Misses Message on Mortgages [Rant Warning]
August 14, 2013 by 6 Comments
Recently a piece that was aired on ABC news about mortgages and was brought to my attention. It’s been a long time since I’ve seen something so misleading and sensational about what consumers should watch for when obtaining a mortgage.
The segment features Erin Lantz from Zillow who claims to have saved a couple thousands of dollars on their home mortgage. Erin is Zillow’s Director of Mortgage Business and prior to Zillow, her lending career was at Countrywide and Bank of America, during the subrime era.
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