‌FHA MI Premiums to Be Slashed by 30 Basis Points

The Department of Housing and Urban Development has announced a 30 basis point reduction to the Federal Housing Administration’s mortgage insurance premium, which many stakeholders believe is a long-awaited move. This cut brings premiums down for the typical FHA user from 85 basis points to 55 basis points, returning them to a level that hasn’t… Continue Reading

The BRRRR Method of Real Estate Investing

The BRRRR method is a unique real estate investing approach that has recently gained popularity. BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat and is all about maximizing your cash flow and leveraging your investments. In a nutshell, the BRRRR method involves buying a property, fixing it up, renting it out, refinancing it to… Continue Reading

2022 Real Estate Market Year In Review & 2023 Outlook

The year 2022 made history in the real estate market in several ways. Unprecedented numbers were seen in home prices, number of sales, and rise in mortgage rates. It’s early 2023, and we are in the midst of a significant market shift where home prices are declining month over month, and mortgage rates are still… Continue Reading

Home Equity Conversion Mortgages (HECM) Explained

A Home Equity Conversion Mortgage (HECM) is a type of reverse mortgage that allows people to access their home’s equity and take cash out for a variety of purposes. The HECM was created by Congress in 1992 and has been used by seniors since then to help them pay for expenses related to aging, such… Continue Reading

First-Time Home Buyer Loans Get A Discount

The Federal Housing Finance Agency (FHFA) introduced rate discounts for first-time home buyers using Fannie Mae- or Freddie Mac-backed conventional mortgages, a much-welcomed relief to housing costs in today’s housing market. Economic uncertainty always affects the housing market. And when the housing market is facing challenges, it hits first-time home buyers hard. The FHFA rate… Continue Reading

Qualifying for a Home Loan — What You Need to Know

If you are looking to get approved for a home loan, you may be vaguely familiar with what it takes to pass the underwriting process and get approved. Most people only get a home loan every few years at the most so it is understandable that the average person doesn’t know the fundamentals of getting… Continue Reading