FHA

Have FHA Loans Lost Their Luster? Changes in Mortgage Lending Make Conventional Loans Now a Better Deal

By Candy Evans / July 18, 2012 /

For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy…

No Fooling: Mortgage Loans Getting More Costly Come April 1

By Candy Evans / March 26, 2012 /

There’s no April Fool’s about it: new FHA regulations will make mortgage loans more expensive in just a few short days. Major changes coming down the pike make it even more urgent that you get clients into the pre-approval process before April 1, 2012. What’s happening? The Upfront Mortgage Insurance Premium (MIP) is going up. I checked…