FHA Lowered and Streamlined the Mortgage Insurance Premiums FHA is reducing the Mortgage Insurance monthly factor eliminating the distinction in rates based upon the base loan amount. As you can see … [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...]
MCC | Mortgage Credit Certificate
Mortgage Credit Certificate A Mortgage Credit Certificate (MCC) entitles qualified home buyers to reduce the amount of their federal income tax liability by an amount equal to a portion of the … [Read more...]
Changes: VA Maximum Guaranty for Loans Closed August 6 2012 to December 31 2012 was revised
Some loan amounts have gone up and some have been reduced. The chart below shows California and Colorado. If your county is not on the list then the maximum guaranty is $417,000. Maximum Guaranty … [Read more...]
Final REALPRO for Windows version available now
Those REALPRO for Windows users can download the newest version of the program which includes all of the changes that happened in 2011. There is no charge if you are currently using 12.x.x version. If … [Read more...]
VA Funding Fee changes effective October 1, 2011
The VA Funding Fee is due to change on all loans closed on or after October 1, 2011 http://youtu.be/MIwM-ab2n34 … [Read more...]