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20 July 2024 | 10 replies
Try Federal Savings Bank.
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19 July 2024 | 0 replies
Real Estate News in BriefA string of favorable data (lower inflation, higher unemployment rate) has convinced the market that the Federal Reserve will begin cutting short-term interest rates in September, and mortgage rates are already moving lower.Reminder!
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20 July 2024 | 8 replies
It's called mortgage fraud and is a federal felony.
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19 July 2024 | 12 replies
The IRS sets the minimum interest rate, known as AFR - applicable Federal Rate.
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19 July 2024 | 2 replies
My favorite credit union is Navy Federal, because they offer a long draw period.
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18 July 2024 | 23 replies
@John Underwood I haven’t heard of losing title insurance as being an issueYou would want to confirm your loan has been sold to Fannie, Freddie or Federal Home Loan Bank before transferring.
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20 July 2024 | 11 replies
Military-friendly lenders like Navy Federal, USAA, PenFed, Veterans United, and Freedom Mortgage offer conventional loans with low down payments (starting at 3%).
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18 July 2024 | 3 replies
It was admittedly somewhat of a frustrating process and I got the impression that lenders purposefully make it challenging to remove and do the bare minimum to meet the federal guidelines for removal (very slow responses to PMI removal inquiries requiring multiple follow ups, incomplete or missing information on the process of removal or borrower rights, calculating LTV incorrectly, etc, etc).
19 July 2024 | 8 replies
It spells out the monthly rent,when it’s due, the length of the lease (or term), should contain clauses required by the federal and state governments, andmuch more.
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16 July 2024 | 7 replies
Some states have specific rules for buying, selling, or servicing mortgage notes that you must adhere to, even if you are out-of-state.3.Federal Regulations: While state regulations are the primary concern, be aware of any federal regulations that may apply, particularly if you are dealing with notes related to federally insured mortgages.4.