FHA Mortgages

June 9, 2010

Conforming Loan Costs Are Rising, Says Freddie Mac

Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
June 8, 2010

Fannie Mae’s Loan Quality Initiative : Repulling Your Credit Just Before Closing

A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage.
May 27, 2010

Knoxville Homeowners Is Now The Time To Refinance??

Mortgage rates are low and they likely won't stay that way. If you've been thinking about a refinance, talk to your loan officer as soon as possible.
May 14, 2010

Your Mortgage Approval Isn’t Final Until It’s Funded…

A mortgage approval is never final until it's funded. A host of things can "go wrong" while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.
April 12, 2010

Knoxville Home Buyers It’s Time To Re-Approve Your Pre-Approval

If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender "re-pre-approve" you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.
April 1, 2010

Knoxville Home Buyers You Only Have 30 Days……

There's just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.
March 30, 2010

Knoxville FHA Buyers You Better Hurry — Fees Increase 1/2 Percent Starting Monday, April 5, 2010

Starting Monday, April 5, 2010, getting an FHA mortgage will be more expensive. That means you'll want to give a full mortgage application before the weekend so your lender can register your loan in time for the deadline.