Mortgage news and helpful tips

Three ways out of FHA MIP: automatic removal after 11 years with 10%+ down, refinancing to conventional at 80% LTV, or payoff. Rules, timelines, and the UFMIP refund.

An FHA 203(k) finances the home and its renovation in one mortgage with 3.5% down. The Limited 203(k) now covers up to $75,000 in repairs. How both versions work in 2026.

The VA funding fee runs 1.25% to 3.3% depending on down payment and prior use, 0.5% on an IRRRL, and many disabled veterans pay nothing. Current rate table and exemption rules.

A temporary buydown lowers your effective rate 1-3 points in the first years, funded by a seller credit at closing. How 3-2-1, 2-1, and 1-0 buydowns work, with corrected example math.

Our April 27, 2020 mortgage market update: forbearance requests, what pausing payments meant for federal-loan borrowers, and what we watched next.

Things are moving so quickly in the market with the coronavirus being at the forefront, everyone is feeling hardship across the board.

Mortgage Headliners:  Economist predicting emergency rate cut this week… Negative Interest Rates Unlikely… Coronavirus economic package in full... Trump is considers letting homeowners delay mortgage payments... We’re watching the market closely… If you’re in the market to purchase or refinance give us a call today (888) 931-9444 or (702) 696-9900

Mortgage Headliners:  Mortgage stress test changes suspended… Why you can't get that historically low mortgage rate… Coronavirus sends mortgage rates lower… Mortgage investors cheer as Federal reserve starts… Fed funds rate pinned at zero… Keep your eyes on stock news… Preparing for Recession… We’re watching the market closely… If you’re in the market to purchase or refinance give us […]

Mortgage Headliners:  A flood of mortgage applications drive rates higher... How the coronavirus outbreak is moving mortgage… Mortgage rates rise sharply from last week's record low… Mortgage rates are mixed after hitting all-time lows… Mortgage demand is so high that lenders turn away… Coronavirus looms over crucial spring season for housing… Bonds are responding… We're […]

Mortgage Headliners:  Mortgage applications increase over 55%... Refinance applications surge to decade high... Plunging mortgage rates might not end U.S. Housing... Mortgage rates rising at fastest place… The US should suspend mortgage and rent payments… The banks are back in residential mortgages… U.S. mortgage lenders urge customers to ask about forbearance… Lock Recommended If you’re […]