The Virginia Mortgage Insider
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How Long Must You Wait to Buy a Home After Short Sale or Foreclosure?
I’ve had a number of people ask me how long they must wait before they can purchase a home after they have been through a short sale (sales price did not cover amount owed) or a foreclosure (home given back to bank). Of course, if you pay all cash for your new home, you can [...]
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I’ve had a number of people ask me how long they must wait before they can purchase a home after they have been through a short sale (sales price did not cover amount owed) or a foreclosure (home given back to bank). Of course, if you pay all cash for your new home, you can [...]
If you think you missed the boat for locking in a low mortgage interest rate for buying a home or refinancing, there is no need to worry. Home loan rates do change a little bit each day depending upon market conditions… but rates are still at historically low rates. The most popular financing used today is [...]
Fannie Mae and Freddie Mac are now accepting mortgages into the new and improved Home Affordable Refinance Program (HARP II). HARP is the refinance program that allows homeowners who own more than their home is worth to take advantage of today’s low interest rates. This new program removes the 125% loan to value (LTV) ceiling for [...]
Larry Saunders Starting this year, homeowners can no longer write off their private mortgage insurance (PMI) premiums like they have for the past several years. Some type of mortgage insurance is required when a home buyer uses less than a 20% down payment. Mortgage insurance for conventional mortgage loans can be paid two different ways. [...]
A change that just started in the past week is an increase in the cost for conventional financing to pay for the temporary extension of the payroll tax cut that was enacted just before Christmas. This new fee is supposed to go into effect on April 1 but it is for loans delivered to Fannie [...]
Welcome to The Virginia Mortgage Insider
You'll find current information about home mortgage financing in the greater Charlottesville, Virgina area.
Larry Saunders Mortgage Loan Originator License #MLO-1652VA, NMLS #219732. Mahone Mortgage, LLC. is licensed by the Bureau of Financial institutions, Virginia State Corporation Commission, # MC-5118, NMLS #205539. Equal Housing Lender.
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