NMLS: 2576 | CT LICENSE: 1101 | MA LICENSE: LS2576 | MI LICENSE: FR0023580 New ARM Lending Standards Drawn Up
Adjustable rate mortgages have both advantages and disadvantages. An option for both conventional and government loan programs, adjustable rate mortgages – commonly referred to as ARMs – offer below-market interest when standard rates are higher. But upfront lower interest does…
Is a VA Loan the Right Mortgage Program for You?
While standards for conventional mortgages are increasingly tighter, VA loans remain as one of the more straightforward and easiest to qualify for. Originating in 1944, the program passed the 20 million mark in December 2012, does not require down payments,…
Lenders Want Legal Protection for Mortgages: Do Banks Deserve It?
According to a piece published recently in the New York Times, banks are looking toward increased protection regarding homeowners’ lawsuits. Such legal protections stem from 2010’s Dodd-Frank Act, ultimately approved to improve and encourage the housing market and give banks…
Types of FHA Loans
Now increasing in popularity, FHA loans are geared toward low- and moderate-income homebuyers. Yet, even with its looser qualifications, this government mortgage has several types of programs, some of which may benefit a borrower’s background more than others. Adjustable Rate…
Considering an FHA Loan? Here are the Basic Points
Lending standards for conventional mortgages, in recent years, have become stricter and tighter. In response, FHA loans, with somewhat looser requirements, are growing in popularity. A borrower looking for financing with McCue Mortgage could qualify for an FHA loan, and…