Posted on March 9th, 2012 by Sandy Krestan
Watch this video http://portal.sliderocket.com/BMGUR/HARP-from-Sandy-Krestan-What-Homeowners-Need-to-Know HARP 2.0 (Home Affordable Refinance Program) will be “live” on March 17, 2012. NOW is the time to see if you will qualify for this great refinance program from the government. If you don’t I can refer you to an awesome Real Estate Professional that can give you great advice. If [...]
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Posted on February 28th, 2012 by Sandy Krestan
FHA takes additional steps to bolster capital reserves… FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. The upfront premiums (UFMIP) will also increase by 0.75 percent. These premium changes will impact new loans insured by FHA beginning in [...]
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Posted on February 2nd, 2012 by Sandy Krestan
Everyone has heard them. You know, the rumors about all these new loan programs out there. The ones that will let anyone “refinance at the low rates.” Is that the same program that will let “investors refinance to today’s rates,” as well? I heard that “the Administration is promoting it.” I heard that there was [...]
Filed under: All About Loans, Applying for a Loan, HUD, Life Stories, On The Personal Side, Selling a Home, Uncategorized | No Comments »
Posted on December 7th, 2011 by Sandy Krestan
It is official…FHA loan limits for Maricopa County are at $346,250.00 again…for more information click on the link below…GREAT NEWS! https://entp.hud.gov/idapp/html/hicost1.cfm
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Posted on November 1st, 2011 by Sandy Krestan
Avoiding Foreclosure Helping Clients Keep Their Homes Few things are as devastating as losing your home. Sadly, it’s not always inevitable. In many cases the foreclosure could’ve been avoided with some outside help. You are in a unique position to advise your clients in financial matters. If you know that clients are on the path [...]
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Posted on October 24th, 2011 by Sandy Krestan
FHFA, Fannie Mae and Freddie Mac Announce HARP changes to Reach more Borrowers…I have attached the link to the entire document below. The new program enhancements address several other key aspects of HARP including: Removing the current 125% loan to value ceiling for fixed rates loans backed by FNMA & FHLMC. More details to follow [...]
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Posted on April 21st, 2011 by Sandy Krestan
http://kcmblog.com/2011/04/21/5-reasons-to-hurry-up-and-get-your-fha-mortgage/ With the likely installation of QRM looming, it is clear that FHA mortgages will clearly become more popular merely because of the lesser down payment requirements. And as we have all learned, when the demand for something goes up, and the supply remains constant, prices go UP…that is, it becomes more expensive. Click on [...]
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Posted on February 8th, 2011 by Sandy Krestan
Now is the Time to Buy a Home! Effective April 18th, FHA will increase annual Mortgage Insurance Premiums by a quarter of a point. On a $161,000 loan amount that equates to an extra $33 per month. No doubt about it, costs for loans will continue to go up. If you are waiting to buy, [...]
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