Does my insurance and taxes have to be taken out from my fha mortgage payment ?
Dear Mad Mortgage Machine
I bought my first home with a fha mortgage loan. I wanted to know if there is any way I could have my insurance and my taxes not to be included in my mortgage payment?
Bill
Dear Bill,
In a word, No. I am sorry that your broker did not explain this to [...]
Why would someone go with an FHA home loan vs. a Conventional home loan?
Dear Mad Mortgage Machine,
I am married and my husband has quite a bit of debt, and I do not plan on paying off prior to buying a home. If I go FHA, his debt is added to my debt even though I am the only one on the loan. If I go [...]
Who is responsible for filing a Homestead and mortgage exemption?
Dear Mad Mortgage Machine,
The taxes in our area when up drastically. My friend asked me to review his tax bill and I noticed he did not have a Homestead or Mortgage exemption. He has a 30 year mortgage on the property and it is his only & primary residence. He’s had [...]
Indiana FHA Home Loan
Are you unhappy where you are living? Are you too old to be living with mom and dad?
With an Indiana FHA Home Loan…You can change your life.
Whether, you are a first-time home buyer, have owned a home before or have less than perfect credit FHA more than likely has a program that will best [...]
Ten Great Reason to be a First Time Home Buyer
And, now to conclude the Top Ten Reason to be an Indiana First Time Home Buyer.
Part 2
5) Seller’s all across Indiana are more willing than ever to give incentives for First-Time Home Buyer up to 6% in many cases
4) The Interest, Mortgage Insurance, & Property Taxes can all be written off on your taxes, thus [...]
Best time to Refi in Indiana
If you are in Indiana and have any equity in your home it is the perfect time to refi. Rates are still historically low, and soon there will be some changes from Fannie and Freddie that will make refi’in a tad harder. I have a great example of why it is more than perfect time [...]
Read more »More Good New, just Maybe
A real estate report said Tuesday, that Pending Home Sales ticked higher for December 2008. For a quick clarification, a “pending home sale” is a home under contract but not yet closed.
The report positions Pending Home Sales report is a predictor of future activity, suggesting that home sales will spike 60 days or so.
Yes, Indiana, [...]
Not Good News
Well, rates…after improving for 11 straight weeks, Indiana mortgage rates ticked higher last week. This is according to Freddie Mac’s weekly mortgage rate survey,and the Freddie Mac survey showed that mandatory mortgage fees rose last week.
Well, unfortunately, the bad news for rate shoppers just doesn’t stop there.
Since, Freddie’s survey is done on a Tuesday and [...]
Read more »What a difference a year makes
Nearly a year ago I wrote a blog on the amount of referrals my mortgage consultants had done for 2007.
That was a good number…So, I had much loftier goals for 2008 and NW Indiana, I set a goal of 24 to 30 million range. Well, I am sad to say that my office and I [...]
New Years – NEW RATES
Last week was defined by lower volume and lack of serious conviction, mortgage markets plodded ahead of Christmas last week. Friday’s post-Christmas action was even slower like the lines at local Super-Center that will remain nameless.
After mortgage rates fell the last two consecutive weeks, they held flat last week.
It is a little surprising that mortgage [...]
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