May 28, 2012 | Information for Homeowners
Beginning June 11, 2012, FHA will lower both mortgage insurance premiums (UFMIP & Annual MIP) to encourage homeowners to refinance their current FHA loans and take advantage of these historically low-interest rates. The specific changes made to the mortgage...
Mar 28, 2012 | Information for Homeowners
HARP is an acronym that stands for the “Home Affordable Refinance Program.” The program was created in order to let borrowers, who got into a home prior to the housing crisis, refinance their mortgage despite the fact that their home value has decreased since they...
Oct 25, 2011 | Information for Homeowners, Mortgage Finance News
Fannie Mae and Freddie Mac – the largest buyers of residential loans in the United States – have both recently stated that they will be revamping the HARP program (Home Affordable Refinance Program). HARP was originally introduced by President Obama in 2009 with the...
Sep 22, 2011 | Mortgage Finance News, Real Estate Investing
Interest rates are at extreme lows, enabling people to either refinance their mortgage or get qualified to purchase a new home. The problem is, however, that appraisal values are consistently coming in lower – a clear indication that real estate values have not hit...
Aug 1, 2011 | Mortgage Finance News, Real Estate Investing
Las Vegas has long been a Mecca for gamblers but now has become the go-to place for real estate investors looking to cash in on the massive down-turn the city has experienced over the last several years. Not only are home prices way down, but interest rates are near...
Apr 5, 2011 | Information for Homeowners, Real Estate Investing
For those in the market to purchase a home, whether you’re a first time home buyer or seasoned investor, you’ll soon come to realize that CASH is the ultimate weapon of choice when making an offer for that home. Sellers are a lot more inclined to work with a buyer...
Feb 28, 2011 | Mortgage Finance News, Real Estate Investing
I found this video online. It is a very easy-to-understand outline of how the credit crisis came to be – definitely worth your time to view.
Jan 19, 2011 | About Elite Equity, Information for Homeowners, Mortgage Finance News
When applying for a new mortgage, a borrower can typically choose between going directly to a local bank or working with a mortgage broker. Many people don’t know the exact differences between the two and I wanted to shed some light on this matter. Mortgage Brokers...
Dec 3, 2010 | Information for Homeowners, Mortgage Finance News
When the Fed initiated the stimulus program to purchase billions of dollars worth of Treasury Securities. Mortgage interest rates were expected to lower as investors began buying up these MBS (Mortgage-Back Securities)… and they did. However, just a couple of...
Oct 25, 2010 | Information for Homeowners, Mortgage Finance News, Real Estate Investing
To say that interest rates are low is an understatement. If you compare interest rates of today to the last 40+ years, you’ll see why so many people are in a frenzy to either buy a new home or refinance their current mortgage(s). In many cases, it makes more...
We pride ourselves on offering our clients the most competitive loan programs available. Learn more