The Mortgage Credit Certificate Program is a fantastic way to maximize tax credits when taking out a mortgage to purchase a home. The Mortgage Credit Certificate also known as MCC is available in Orange County, Los Angeles County and the Inland Empire. Scott Schang of Broadview Mortgage in Long Beach explains why you should take […]
As FHA mortgage insurance rates continue to sky rocket, leaving more and more home buyers with fewer home loan options, private mortgage insurance comes to the rescue. After 2007, private mortgage insurance became more more difficult to qualify for and was not a great alternative to the low cost of FHA financing and the then, […]
With FHA Mortgage Insurance costs increasing in 2013, home buyers are desperately seeking out alternatives to increase buying power and reduce mortgage payments. The Broadview Mortgage Community Access loan is that alternative. This is a conventional loan program that does require private mortgage insurance (PMI) offered at a special discounted rate. The discounted PMI of the […]
Homeowners with a FHA insured mortgage may be eligible for a special refinance program that offers reduced cost, and reduced documentation refinancing options. The FHA streamline refinance program allows home owners to reduce their interest rate to current market rates if: At least 6 payments have been made on your current FHA mortgage No late […]
Perhaps you have heard already that the FHA will further change its overall look in the coming year. I’ve already started to see Facebook comments about FHA and many of them are just rumors. The truth can be described easily as it applies to the real estate industry: 1) The Annual Mortgage Insurance Premium (MIP) […]
So your ready to buy again but you’ve had a foreclosure and you ask yourself these questions. How long do I have to wait? How do I qualify? What steps to I need to take to be eligible? Can I be a first time buyer again? What a difference a couple of years can make. […]