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Mortgage Category

FHA Mortgage Insurance Increases April 1

Posted on March 12, 2012 by tim in FHA, Market Update, Mortgage

When buyers are approved for an FHA home loan, they are required to carry mortgage insurance. That includes both a monthly Mortgage Insurance Premium (MIP) and an Up Front Mortgage Insurance Payment (UFMIP). The Upfront Mortgage Insurance Premium payments go …

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‘Welcome Home’ Grant, Back Again! 2012

Posted on February 22, 2012 by tim in Buying, FHA, First Time Home Buyer, Grant Money, Home Buyer Programs, Market Update, Mortgage

Ok, so it appears that my old post from 2010 on the Welcome Home Grant is still getting the bulk of the traffic from search engines!!! – So I hope this one finds everyone just as well because like any …

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Caution: Home Equity Lines of Credit

Posted on May 10, 2011 by tim in Buying, Credit Score, Home Equity Lines, Mortgage, Pre-approval

More than ever, you should make sure you know what is on your credit report – and the steps that should be taken if improvement is needed. One thing that many people do not know is that The Home Equity …

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Top Items That Can Delay a Closing

Posted on April 27, 2011 by tim in Appraisal, Buying, Mortgage, Selling

There are several reason’s why a closing may not occur on time, or even at all. Here are some of the main obstacles that may delay your deal:…

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Top 10 Do’s and Don’ts During the Loan Process

Posted on March 30, 2011 by tim in Buying, Credit Score, Mortgage

Did you know that most lenders pull your credit report a couple of times during the loan process? Keep in mind that they typically pull a new credit report prior to closing the loan, and if your credit scores have …

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Fannie and Freddie Going Away

Posted on February 17, 2011 by tim in Buying, FHA, Market Update, Mortgage

Two years in the making — the federal government will be reducing their involvement in the mortgage market. Both Fannie Mae and Freddie Mac will wind down within as little as five years.…

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Interest Rates Continue to Rise

Posted on December 17, 2010 by tim in Market Update, Mortgage

Historically low mortgage rates over the past couple of months have not done much to encouraged new home sales, but rising rates could finally push those who have been “thinking about” buying  into the market.…

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Pre-Purchase Rate Protection – offered by only one bank in Cincinnati!

Posted on December 6, 2010 by tim in Buying, Home Buyer Programs, Mortgage

I learned about a new product recently that makes so much sense yet it is only offered by one bank in Cincinnati. It is called Pre-Purchase Rate Protection, by Coldwell Banker Home Loans. What is does:

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Mortgage rates continue to fall

Posted on August 31, 2010 by tim in Market Update, Mortgage

Are you or a friend thinking about moving up to a larger/more expensive piece of real estate? There has never been a better time than today.…

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Closing Costs: What’s in em?

Posted on July 26, 2010 by tim in Buying, Closing Costs, First Time Home Buyer, Mortgage

Reading your average good faith estimate from a lender can sometimes feel a bit overwhelming. What are all of these closing costs and where did they come from?…

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