What Is The VA Funding Fee? The VA guarantees a certain percentage of the money mortgage companies borrower out as assurance the business will get their money back.  In order to cover this cost the VA charges the VA FUNDING FEE.  This is a percentage of every VA loan issued, the percentage is added onto the…

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FHA, like other loans have limits on what they’re willing to lend.  When a loan exceeds these limits they become known as Jumbo Loans.   2018 FHA loan limits The FHA loan “ceiling” — or maximum loan amount — for high-cost markets will increase to $679,650 from $636,150. The upper limit for FHA loans in low-cost…

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What Projects Really Pay Off? Kitchens and Baths In the most productive real estate markets around the country, Kitchens and Bathrooms are the ticket.  You can expect they will return 100% of their value. Home Maintenance:   When someone is buying a new house the last thing they want to worry about are costly repairs.  That’s…

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Below are the meeting dates, PDF / HTML calendars and the summary of the meeting. 2018 FOMC Meetings January 30-31 Statement: PDF | HTML Implementation Note Longer-Run Goals and Policy Strategy Minutes: PDF | HTML (Released February 21, 2018) March 20-21* Statement: PDF | HTML Implementation Note Press Conference Projection Materials PDF | HTML Minutes: PDF | HTML (Released April 11, 2018) May 1-2 Statement: PDF | HTML…

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Bi-Weekly Mortgage Payments How to Set Up a Biweekly Mortgage Payment Locate the principal and interest portion of your payment on your monthly statement and simply divide that number by two. For example, if the principal and interest portion of your payment is $1,500, your new biweekly mortgage payment is $750.   Don’t forget to…

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It’s been clear over the last 10 months that mortgage rates are surging upwards in the face of the improving economy.  Stock markets are doing better (minus the small dip last week) and housing prices have leveled out.  Unemployment is down to 3.7%, which is the lowest it’s been in 10 years.  Those of you…

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