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Fannie Mae just released a new study showing that many HARP -2 eligible borrowers have still not refinanced. The study wanted to know what has caused these borrowers to not take advantage of the HARP-2 program. The study found that perceived Costs, rigid loan terms, distrust of the lender or…
Thursday Mar 28, 2013

FHA Changes Ahead for Borrowers

The FHA loan continues to be one of the strongest mortgage loan programs on the market, but there are some big changes coming as of April 1st, 2013. The monthly mortgage insurance premium, also known as MIP, has been at 1.25% but after April 1st the rate will be increased…
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