A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Here’s some analysis on the program and how it could work for you.
All posts in category Mortgage Guidelines
Reverse Mortgages : Pros And Cons
Posted by Phil Denfeld on May 8, 2012
http://phildenfeldmortgage.com/2012/05/pros-cons-reverse-mortgage.html
Mortgage Guidelines Resume Tightening Nationwide
Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom.
Posted by Phil Denfeld on May 1, 2012
http://phildenfeldmortgage.com/2012/05/federal-reserve-loan-officer-survey-q1-2012.html
FHA Mortgage Insurance Premiums Increasing April 9, 2012
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today.
Posted by Phil Denfeld on April 3, 2012
http://phildenfeldmortgage.com/2012/04/fha-mortgage-insurance-premiums-april-2012.html
Loans For Underwater Homeowners : HARP 2.0 Now Available
The new, revamped HARP program is now available. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac.
Posted by Phil Denfeld on March 20, 2012
http://phildenfeldmortgage.com/2012/03/harp-march-17-2012.html
FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers
Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule.
Posted by Phil Denfeld on March 9, 2012
http://phildenfeldmortgage.com/2012/03/fha-streamline-refinance-new-mip-ufmip.html
FHA To Raise Mortgage Insurance Premiums April 1, 2012
Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.
Posted by Phil Denfeld on March 2, 2012
http://phildenfeldmortgage.com/2012/03/fha-mip-april-2012.html
Revamped HARP : Unlimited Loan-to-Value And Same Great Rates
The government’s new, revamped HARP program is 6 weeks from release. Homeowners are gearing up to refinance.
Posted by Phil Denfeld on February 10, 2012
http://phildenfeldmortgage.com/2012/02/harp-guidelines-march-19-2012.html
Banks Start To Loosen Up In Underwriting
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.
Posted by Phil Denfeld on February 3, 2012
http://phildenfeldmortgage.com/2012/02/fed-lending-survey-q4-2011.html
Conforming Loan Limits Unchanged For 2012
In 2012, for the 7th straight year, the national, single-family conforming mortgage loan limit will remain at $417,000.
Posted by Phil Denfeld on November 25, 2011
http://phildenfeldmortgage.com/2011/11/conforming-loan-limits-2012.html
Maximum FHA Loan Limits Restored To $729,750
As signed into law last Friday, maximum FHA loan limits are — once again — as high as $729,750.
Posted by Phil Denfeld on November 22, 2011
http://phildenfeldmortgage.com/2011/11/fha-restored-loan-limits.html
