FHA Mortgages

August 22, 2011

Is It Time To Buy A Home In West Knoxville?

I just had a meeting with a buyer who was looking to buy a home in West Knoxville. They had been renting during the last few years and had now decided it may be a good […]
September 7, 2010

August’s Fed Minutes Lead Mortgage Rates Higher

Home affordability took a slight hit this week after the Federal Reserve's release of its August 10 meeting minutes.
August 19, 2010

How Much Should You Expect To Pay In Mortgage Closing Costs?

How much does a mortgage cost? The answer depends on where you live. But no matter which your locale, chances are strong that you'll pay more for a mortgage in 2010 as compared to 2009.
August 16, 2010

Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.
July 23, 2010

Yes, You Can Still Get A Mortgage If You’re Pregnant

The New York Times ran an important story this week concerning pregnancy and mortgage approvals. Titled "Need a Mortgage? Don't Get Pregnant", the article discussed the difficulties that expecting and recently-expanded families are having with their mortgage financing.
July 19, 2010

Mandatory Loan Fees Keep Borrowers From Getting Their Absolute Lowest Rate

Conforming mortgage rates may be posting all-time lows this week, but that doesn't mean you'll be eligible for them. You may have already called your loan officer and found this out the hard way. It's because of a federally-mandated mortgage-pricing scheme known as "loan-level pricing adjustments".
June 17, 2010

Loan Application Alert : Conforming, Interest Only Mortgages Guidelines Change Next Week

If you plan to finance your home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18. Starting next week, Fannie Mae is clamping down on the popular loan product.
June 17, 2010

Good News For Sellers : Housing Starts Fall To 1-Year Low In May 2010

Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high. It's no wonder home builders are confused.
June 17, 2010

FHA Mortgage Insurance Premiums Approved To Triple In Cost

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.