Reverse Mortgages : Pros And Cons

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.

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.

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.

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.

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.

FHA To Raise Mortgage Insurance Premiums April 1, 2012

Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.

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.

Banks Start To Loosen Up In Underwriting

After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.

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.

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.