FHA Reduces Mortgage Insurance Premium

While the upfront mortgage insurance premium remains unchanged at 1.75, as of Jan. 26th, 2015, FHA monthly Mortgage Insurance Premium  (MIP) will drop from 1.3/1.35% down to .80/.85% (depending on loan to value ratio of purchase).



What does this mean for buyers?  As an example, for a $350,000 FHA mortgage, the monthly payment will drop about $140/month due to the lower MIP, and also creates the ability for buyer's to qualify for a little more.





Millions of Renters Could Become Homeowners in 2015 (FMCC, FNMA)



Good news for first time and returning buyers!

Short sale tax break signed into law | 2014-12-29

FYI-   for anyone who is looking to short sale, etc.







Short sale tax break signed into law | 2014-12-29 | HousingWire

Understanding Zillow's Zestimates & Tips

Mortgage Debt Forgiveness: It’s All About Fairness

I'm proud to be affiliated with the National Association of Realtor s who are promoting mortgage debt forgiveness for those who were caught up through no fault of their own in the upside-down housing mortgage and had to do a short sale with their lender- the fact that they tried to do things "right", rather than trashing their home and forcing their lender to go through foreclosure.

Mortgage Debt Forgiveness: It’s All About Fairness

I'm proud to be affiliated with the National Association of Realtor s who are promoting mortgage debt forgiveness for those who were caught up through no fault of their own in the upside-down housing mortgage and had to do a short sale with their lender- the fact that they tried to do things "right", rather than trashing their home and forcing their lender to go through foreclosure.

Overview of the 2013 new mortgage rules (+playlist)

Prior Short Sellers: Watch for Credit Errors

Learn about the different way that a short sale vs. foreclosure can effect your credit:





Prior Short Sellers: Watch for Credit Errors