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  • The Fiscal Cliff: The Basics

    By Sylvia SetashUnited Nations Federal Credit Union McLean, VA – It’s safe to say that by this point, we’re all aware of the fiscal cliff and its status as the elephant in the room.  Everyone knows that some sort of decision has to be made by the first of the year and that it affects every taxpayer.  As for ...
    Posted to Mortgage News (Weblog) by 608080 on September 1, 2015
  • Mortgage Rates Rise to 1-Month Highs

    Mortgage rates continued moving higher at a fairly quick pace today.  Some borrowers may now start to see rate quotes moving up an eighth of a point.  This is significant because most of the recent movement in the rate market has only affected the closing cost side of the equation.  This can be thought of as a ...
    Posted to Mortgage News (Weblog) by 608080 on September 10, 2014
  • Mortgage Interest Deduction on Your Tax Return is in Jeapordy!

    Mortgage Interest Deduction (MID) REALTORS® defend mortgage interest deductionTampering with this tax provision would hurt homeowners, depress home values and slow the nation's economic recovery. The federal mortgage interest tax deduction is one of the most valuable financial benefits of owning a home. That's why it's ...
    Posted to Mortgage News (Weblog) by 608080 on July 15, 2011
  • How Could the Proposed FHA Loan Limit Drop Effect Current FHA HomeOwners?

    If FHA loan limits drop…Submitted by Amanda Rainsford on June 27, 2011 - 2:04pm HousingWire has a good piece on what will happen if the FHA drops its maximum loan limit on October 1. The National Association of Home Builders ran the numbers, and it turns out that more than 17 million home loans are valued above the lower limit. That means ...
    Posted to Mortgage News (Weblog) by 608080 on July 15, 2011
  • FHA has a BRIDAL REGISTRY PROGRAM..If Your Getting Married...This is a MUST READ!!!

    Are you planning to get married and buy a home in Virginia, but wonder where your down payment funds will come from? FHA has a Bridal Registry program where the money you receive as a wedding present can be used towards your down payment. Just like registering at a specialty or department store, the FHA Bridal Registry program allows you to ...
    Posted to Mortgage News (Weblog) by 608080 on July 5, 2011
  • Definition of a First Time Homebuyer....Spelled out!

    WHAT IS A FIRST TIME HOMEBUYER? Most first-time homebuyer programs define a first time homebuyer as someone that has not owned any residential real estate in the preceding 3 tax years.  If married, this includes husband and wife.  (If a wife owned a property and they filed jointly with real estate interest, both are considered ...
    Posted to Mortgage News (Weblog) by 608080 on February 15, 2011
  • Just out from HUD! FHA changes in the near future! Monthly MIP will INCREASE April 18, 2011

    FHA TAKES STEPS TO BOLSTER CAPITAL RESERVES New premium structure for 30- and 15-year loans will help private capital returnWASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage ...
    Posted to Mortgage News (Weblog) by 608080 on February 15, 2011
  • Homeownership More Affordable Than Renting????

    Homeownership More Affordable Than Renting in 72 Percent of Major U.S. Cities Print Article RISMEDIA, January 25, 2011—Trulia.com, a top site for home buyers, sellers and renters, released its latest Rent vs. Buy Index which found that it is more affordable to buy than to rent a two-bedroom home in 72% of America’s 50 largest ...
    Posted to Mortgage News (Weblog) by 608080 on January 24, 2011
  • Don't Wait...A Mortgage Rate Storm is Brewing! Refinance or Buy Now! Please READ!!!!

    Mortgage Rates: Storm Brewing. Don't Get ComplacentAdam Quinones The word of the month in the primary mortgage market is "RANGE".   Mortgage rates have barely budged since mid-December. The only real variable in loan pricing scenarios has been the closing costs associated with Best Execution mortgage rates. ...
    Posted to Mortgage News (Weblog) by 608080 on January 24, 2011
  • 100% Financing IS BACK!! Don't Wait...These Funds DO RUN OUT!! Call for more information.....

    USDA  Funds are back!  Where else can you get a 100% loan, no PMI, seller pay it all and don't have to be a first time homeowner?  Of course, there are strings, such as property location, household income, and you close on USDA's schedule.  Want to know if you are eligible?  Contact us and we can walk you thru ...
    Posted to Mortgage News (Weblog) by 608080 on January 10, 2011
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