Click ‘Play’ to hear me summarize proposed FHA loan program changes in 2010.
A few years ago FHA loans made up only around 3 percent of the home loan market. Now they make up closer to 50 percent, due to their lower down payment requirements (3.5.%) and less stringent qualification standards, combined with the virtual disappearance [...]
Are you thinking about refinancing your existing home mortgage? If so, there’s a handy guide to home loan refinancing from the Federal Reserve Board that covers some important topics, such as:
Comparing home loan refinance options
Understanding ‘no cost’ refinances
Calculating when you will recoup the expense of refinancing your mortgage
Home mortgage prepayment penalties
There’s also a glossary of [...]