FHA 203k Limited Mortgage 2016 printout Limited 203(k) Mortgage FHA's Limited 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or … [Read more...]
Buyer’s costs itemized & printed with automatic title, escrow, etc.
Working With Borrowers Print financing options & PITI (& PMI, if applicable) on any loan in moments Buyer’s costs itemized & printed with automatic title, escrow, credit report, … [Read more...]
Using REALPRO when Working With Buyers
Print financing options & PITI (& PMI, if applicable) on any loan in moments Buyer’s costs itemized & printed with automatic title, escrow, credit report, appraisal & recording fees … [Read more...]
FHA Annual MIP (MMI) change is a substantial savings in the monthly payment
The new MMI changes go into effect on January 26, 2015. I made those changes to the REALPRO for Windows program, the REALPRO and the REALPRO Plus. I will be making more changes to the REALPRO for … [Read more...]
FHA 203k Rehab Loan and how to calculate it
Streamlined 203(k) Mortgage FHA's Streamlined 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home. Homebuyers and … [Read more...]
Side-by-side Financing Comparisons using REALPRO
The REALPRO for Windows program will allow up to 5 side-by-side financing, prequalification or refinance comparisons. This can be used to demonstrate to your client that options they have when making … [Read more...]
FHA Maximum Loan Amounts have decreased
The FHA Maximum Loan Amounts changed for 2014. Keep this in mind when you are working with your clients. If your county is not on this list click here to find your specific … [Read more...]
FHA Monthly MI increases on April 1, 2013
The FHA Annual Mortgage Insurance increased on April 1, 2013. This applies to the Annual MI, not the UFMIP (Upfront Mortgage Insurance Premium) typically financed into the loan. I have included a … [Read more...]
FHA increased the Annual Mortgage Insurance Premium
On June 11, 2012, FHA increased the Annual Mortgage Insurance Premium on Mortgages with a High Outstanding Base Loan Amount. This will affect areas with the higher Maximum Loan Amounts on FHA. The … [Read more...]
FHA Mortgage Insurance to increase April 18 2011
On February 14, 2011 a new Mortagee Letter 11-10 was published. The changes announced were regarding the Annual Mortgage Insurance Premium and information regarding how the future of current Case … [Read more...]