Blogging About Loans: August 2008

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

August Recap

It's the end of the month ALREADY! Oh my!!

Here are the highlights of the posts done this month with easy access to find the info for reference in the future.

1st Time Homebuyer Credit 

FHA Changes to Down Payment

Down Payment Assistance

Short Sale as Bad as Foreclosure

FHA Mortgage Insurance Premiums

ALSO - here is an important link when you want to be reminded of what the maximum loan amount is for an FHA loan is for a specific county: FHA MAX LOAN.

Next week I'll give you a preview of the upcoming FHA Mortgage Insurance Premiums... and more!


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 1 commentRuth Vogt • August 29 2008 11:12PM
August Recap
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It's the end of the month ALREADY! Oh my!! Here are the highlights of the posts done this month with easy access to find the info for reference in the future. 1st Time Homebuyer Credit FHA Changes to Down Payment Down Payment… more
Out with old, in with new… FHA Mortgage Insurance
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Here we go again! FHA mortgage insurance rates will be changing effective October 1st (bet you're getting used to hearing "changing" by now, huh?? ) But, before I post up the new.. I wanted to post what the CURRENT rates are for reference… more
Short Sale Same as Foreclosure!
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Short Sales today seem to be all the buzz! While the pros and cons of a short sale can be bantered back and forth, there is one negative that isn't fully understood: many think that a short sale is saving their credit. IT'S NOT! When… more
Speak NOW or forever hold your piece… of real estate!
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Why should the elimination of Downpayment Assistance Programs with the signing of the Housing and Economic Recovery Act concern YOU?? READ THIS, BECAUSE THERE IS STILL HOPE AFTER OCTOBER 1ST! I think we could agree that the housing industry is… more
First Time Homebuyer Tax Credit Simplified!
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With the signing of the Housing and Economic Recovery Act (HERA), came a tax credit of up to $7500. 00 to first time homebuyers (defined as not having owned a home in the past 3 years)! The amount of the credit (NOT a deduction - an actual CREDIT )… more
FHA is raising their down payment requirement!
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Many changes went into effect with the signing of the Housing Bill, referred to as HERA or Housing and Economic Recovery Act of 2008. TOO MANY changes to cover in one post (after all, the bill was 789 pages long! ) One of those changes is the… more
Buyers Need to Know This!
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The mortgage application process is known to be the second most "man made" stressful situations of our lifetime (divorce is number one). Not understanding the process is one of the reason, so here are some "inside tips" to help… more
A New Model???
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Oh, my! There's a new model coming to town! A new CREDIT SCORING MODEL that is! We've been watching for FICO 08 for almost a year now, but now expecting it to roll out the first quarter of next year - that would be 2009! What's it going… more