Apr 21, 2023 | Mortgage Finance News
Yes – you read that right. As of May 1, 2023, a new Federal law will go into effect that seems completely Backwards for homebuyers. If you have a credit score of 680 and higher, and are able to put down 15-20% towards your down payment – you will now be...
Sep 10, 2015 | About Elite Equity, Elite Equity Milestones, Mortgage Finance News
What is a “HENRY”? It stands for “High Earner Not Rich Yet” — This term is used to describe individuals who have landed lucrative six-figure jobs out of college, but haven’t been able to save enough money for a down payment on...
Apr 30, 2015 | Information for Homeowners, Mortgage Finance News
Homeowners have been asking this since 2012 when our economy was in recovery mode. The quick answer, Not Much Longer. We can talk about how interest rates work and why they fluctuate when the Fed makes an announcement or Europe’s economy becomes unstable....
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...
