Interest rates are never stable. In recent years people seemed to assume that if the rate was, for example, 4.875% today they would have a week or two to make up their mind. This is simply not the case. Rates could very easily be 4.875% today and 5.250% tomorrow … or even this afternoon. RATES [...]

Fore loans submitted on or after January 1, 2009 (casefile created), FHA now requires a second appraisal for cash-out refinances with the loan to value is greater than 85%. This means if your home is valued at $200,000 and your loan amount is $170,100 you will need the second appraisal. If your loan amount is [...]

“But wait”, you say, “I thought there were no more 100% loans available?” You would, in part, be correct. If, however, the primary residence you are purchasing is located in a designated rural area (as so designated by the US Department of Agriculture) you may very well qualify for a loan in the amount of [...]

Did you know if you have an existing FHA home loan that you can refinance to a lower rate using something called an FHA Streamline Refinance? The advantage of the FHA streamline refinance is to allow the home owner to refinance from an existing FHA home loan into a new FHA home loan with a [...]

My friend Lane Bailey visited me for lunch yesterday and said, “Ken, I know you tell people 100% loans are available and I know a lot of people have expired listings or are trying to sell by owner but everyone is terrified and skeptical. Is it not true that you can finance (home sales) at [...]