Conventional & FHA Mortgage
Conventional Mortgages are Fannie Mae and Freddie Mac mortgages, and usually require a larger down payment than the Government Insured mortgages above, but you can still bring less money to close and have Private Mortgage Insurance (PMI) added if you have less than 20% down payment. There are a slew [...]
FHA Mortgage
The most basic form of FHA Mortgage is for a buyer who has a down payment of 3.5% or more. There is a common misconception that FHA Mortgages are only for first time home buyer. This is not the case, as you can buy more than once using a [...]
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Interest rates hit lowest numbers in a year
Mortgage interest rates are going down! The 30-year fixed-rate average fell to 4.31 percent with an average 0.4 point. It was 4.41 percent a week ago and 4.44 percent a year ago. These interest rates haven’t been this low in more than 12 months. “At 4.31%, the average 30-year fixed [...]
Beautiful New York City Parks!
New York is a state full of natural beauty. Even though many associate New York with a concrete jungle, New York is full of wonderful parks for all citizens and residents to enjoy. One of these parks is the Brooklyn Bridge Park, an 85-acre park where visitors can enjoy various [...]
Blind “Taste Test”; the Reverse Mortgage vs Traditional HELOC
The reverse mortgage continues to be one of the most misunderstood financial products in the market today. To prove this point, and demonstrate to many potential borrowers the benefits of a reverse mortgage, Reverse Mortgage Funding utilized a “Blind Taste Test.” The “Blind Taste Test” was originally made popular by [...]
