The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.
{ 0 comments }
From the category archives:
Real Estate Financing
Because of how frequently bank rules are changing, it can be hard for laypersons to distinguish between mortgage fact and fiction of what’s coming next. Recently, we saw this with respect to FHA home loans.
{ 0 comments }
Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit — often by accident.
{ 2 comments }
INDIANA HOUSING DOWN PAYMENT ASSISTANCE PROGRAM
If you are a first time homebuyer in Indianapolis, you should know your financing options. The Indiana Housing Program for first time homebuyers who are creditworthy, but may not have the initial upfront costs for downpayment and closing costs is a great option.
I received this information from one of my [...]
{ 2 comments }
Securing an FHA mortgage is about to get more expensive.
In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group’s portfolio risk while strengthening its overall financials.
FHA has announced new guidelines for financing to be in effect this spring. [...]
{ 1 comment }
Despite the headlines, it’s important to remember that December’s jobs report wasn’t all bad news. There’s two sides to every economic coin.
{ 0 comments }