Mortgage Loans Archives ⋆ Page 7 Of 24 ⋆ Boston Condos For Sale Ford Realty

FNMA and Freddie Mac seeing the light?

Are you going to be able to get your jumbo loan at a good interest rate? According to Holden Lewis, the answer is yes, finally. Lenders just might be getting serious about underwriting the new conforming jumbo mortgages for more than $417,000. Word is that the new...

Borrowing costs to go up for some Bostonians

mortgage loans

From the Herald: If you own or plan to buy a condominium, an ominous new phase of the mortgage credit squeeze could be looming on your horizon. As a result of underwriting changes by giant investors Fannie Mae and Freddie Mac, plus severe new restrictions by private...

FHA loans become appealing option to Boston buyers

mortgage loans

Along with new loan limits for Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA) has also increased its limits, basically to the same amount. This increases options for borrowers in Boston. In the past, the low limits for FHA loans meant they were...

New jumbo loan limits offering promising choice … to some

mortgage loans

So, Fannie Mae & Freddie Mac have increased (temporarily) loan limits. This means if you are getting a big loan (up to $t523,750, in Boston) you might be able to get a lower loan rate than you would, previously. (The quasi-government agencies are going to back...

VA loans – cheap, insured, beneficial

mortgage loans

If you were a member of the US Armed Services, you may qualify for a VA loan – that’s a Veteran’s Administration loan. Benefits of this type of loan are – as little as no money down, a more-forgiving credit review, no Private Mortgage...

Boston Real Estate: Mortgage insurer’s new rules threaten real estate market

mortgage loans

We haven’t heard much about this problem, yet. Perhaps one of our readers could give us more insight? Basically, MGIC, the nation’s largest private mortgage insurer, is tightening up its lending guidelines. That’s a good thing, right? Only those who...