We at TMI are proud to announce our latest VA appointment with another great wholesale lender; furthering TMI’s commitment to provide our Military personal and veterans, as well as all our clients, with the best rates and lowest fees for every credit profile!
Original Story: Rates Rising Quickly, But The Truly Scary Stuff is For Another Day And Another Reason Mortgage rates went to bed last night knowing they were at risk of a volatile day today. Georgia’s senate race has been in focus for 2 months now because it had the chance to change the balance of power in congress. …
There are plenty of reasons to refinance but avoiding an incoming Fannie Mae and Freddie Mac refinancing fee now tops the list! Fannie Mae and Freddie Mac will start charging an ‘Adverse Market Refinance Fee’ on December 1, 2020. This new fee, originally slated to begin September 1, with a new effective date is December 1, 2020, adds a…
Mortgage giants Fannie Mae and Freddie Mac just announced in August that they are raising fees for lenders on all mortgage-refinances. This change is designed to shield them from the additional risk brought on by the coronavirus pandemic and the secondary mortgage market. Their price adjustment adds 0.5% of the loan amount to the consumer’s cost.
There are two types of reverse mortgages – • There is a Home Equity Conversion Mortgage (HECM), which in its simplest definition is a loan that is government-insured by HUD and is regulated by the U.S. Federal Housing Authority (FHA), and • A Proprietary Reverse Mortgage, which is a reverse mortgage originated by a mortgage…