Mortgage Insurance Premium (PMI / MIP) Increase

FHA announces increase in annual mortgage insurance premium (MIP) for 15 and 30 year loans insured by FHA on or after April 18, 2011. There is still time to buy prior to this increase. Contact us for quick results.   Also, there are alternative financing options...

HUD Homes: $100 down payment!

In an effort to increase affordability for owner occupants, the Federal Housing Administration (FHA) is rolling out a $100 downpayment on HUD homes for sale for a limited time. Coldwell Banker is a HUD approved broker and I have shown many HUD homes through the real...

What comprises your credit score?

Payment History…35% Debt Ratio…………30% Length of Credit….15% Types of Credit……10% Inquiries…………..10% There are a lot of functions that go in to your credit score. If you are looking to repair your...

When should I refinance?

Question: What situation makes sense to refinance? How long will I have to own the home to make up the cost of the refinance? Answer: With mortgage rates near historic lows, many homeowners are considering the benefits of refinancing their current home loans.  So how...

Owning a Home: the Monthly Tally

By Karin Beuerlein, FrontDoor.com | Published: 1/28/2008 It’s hard enough reconciling yourself to the reality of paying the monthly principal and interest on a new home mortgage. When you realize all the expenses that will be added to that price tag, it can be a...