Monthly Archives: January 2011

With interest rates on the rise lately, the best deal for first time buyers today is the Ohio Housing Finance Agency bond loan program. It’s got the lowest FHA rate- 4.25% with 1 origination point. There are income & sales price … Continue reading →

Fannie Mae  has introduced higher discount point charges on most conventional mortgages effective with loan applications on January 18, 2011. The additional cost is anywhere from .25 to .75 discount point & affects buyers with all credit scores , even those … Continue reading →

With the FHA change last year regarding condo’s & removing the “spot approval” option, alot of condo sellers have had a hard time selling since the conventional mortgage & Private mortgage insurance requirements on condo’s are more stringent. If the … Continue reading →

Did you know that Private Mortgage Insurance premiums are tax deductible for families with a household income of up to $100,000. Households with incomes between $100,001 & $109,000 can qualify for a reduced deduction. This applies for loans closed on … Continue reading →