February 4, 2012

Planning to go for an FHA Loan?

FHA Approved Lending Institution logo

If you are currently in the market to buy a home and plan on using FHA for your mortgage financing, keep in mind that the annual mortgage insurance will be higher for loans assigned case numbers starting April 18, 2011. Local mortgage guy Todd Marumoto of Intercoastal Mortgage in Fairfax, VA sent me an e-mail [...]

2011 Max Loan Limits for Northern Virginia

Relocation home buyers are typically surprised to learn that Northern Virginia has maximum conforming mortgage loan limits that are higher than most regions of the United States. Northern Virginia real estate ranks as “expensive” considering the region has some of the wealthiest counties in the U.S. In fact, these limits do vary region by region [...]

Should We Refinance the Mortgage?

Image by TW Collins via Flickr I don’t usually ask for your comments right in the first sentence, but I have been talking to many clients, friends and neighbors about refinancing their home mortgage these days. And the stories have been fascinating especially since fixed rates are near 4.5% or better. When I originally wrote [...]

New FHA Home Mortgage Guidelines for April 2010

David Stevens who is the Assistant Secretary for Housing – Federal Housing Commissioner had the FHA issue new guidelines on January 21, 2010 to help reshape the government insured home mortgage agency and how it offers low down payment loans to home buyers. It is a little boring or even dry for Washington D.C., but [...]