Rural Development Loans Just Got Better! Mortgage Broker, Linda Sinacola (PLB Lending – 248.931.9600) just shared with me that mortgage insurance has dropped drastically on the new RD mortgages! The upfront guarantee fee is now 1%, that’s down from 2% and the monthly mortgage insurance is now only .35% instead of .85%. Many areas qualify […]
Mortgage Rates in Lapeer Michigan Still Near Yearly Lows
This article in the RealtorMag dated 11/14/2014, Mortgage Rates Still Near Yearly Lows, quotes Freddie Mac on last weeks mortgage rates … The 30-year fixed-rate mortgage is hovering around 4 percent. This has been keeping borrowing costs low for refinancers and home buyers for the last few weeks, Freddie Mac reports in its weekly mortgage market survey. […]
8 Mortgage Mistakes You Can’t Afford to Make
To avoid some of the biggest missteps, you should first know what they are … The 8 Mortgage Mistakes You Can’t Afford to Make by Craig Donofrio in this months article from Housing Trends eNewsletter … Picking out the perfect home can be a challenging task. But that’s only the first step. You still need to be an attractive […]
Mortgage Rates in Oxford Down Slightly This Week.
Mortgage rates down slightly this week, RealtorMag shares this information from their story dated 07/18/2014 in which they quote Freddie Mac… National averages on fixed-rate mortgages inched down this week, keeping borrowing costs near historic lows, Freddie Mac reports in its weekly mortgage market survey. Freddie reports the following national averages with mortgage rates for […]
Rates May Rise Sooner Than Expected
Interest rates may rise sooner than expected, according to the Federal Reserve this will hinge on the labor market, new article in the RealtorMag dated 07/16/2014 quoted Janet Yellen…… Federal Reserve Chairwoman Janet Yellen said that the Fed may need to raise interest rates sooner than expected, but it all will hinge on the labor […]
Buying a Metamora Home, 0 Down Mortgages
Buying a Metamora home, 0 down mortgages. A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home with NO Money Down. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or […]