Posts Tagged 'FHA'

Market & Product Update (March 07, 2013)

The US housing market is in the midst of a robust recovery aided by low interest rates, pent up demand, an increase in cash buyers, low inventory and rising prices. It’s the perfect combination of factors we haven’t seen in a very long time. Home prices are up 14% in California and many areas are experiencing inventory drops of 50 to 70 percent. To compete in ...

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Everybody Loves These Loan Programs

We wish everyone a happy and properous 2013. As we approach spring home buying season and interest rates continue to trend higher, the following programs may be beneficial to you or your friends & family. Some of these programs were specifically designed for those who don’t have 20% down for purchasing a house, currently own a house or investment property that you want to refinance but don’t have enough ...

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FHA Streamline Refinancing Saves Money

One of the easiest refinances to do is an FHA streamline refinance and we are well versed in the nuances of the program.  If you already have an FHA Mortgage, a Streamline Refinancing is a quick, low-cost option to lower your interest rate and monthly payments.  Below are some advantages:

  • No appraisal required
  • No income verification (Use income from original application)
  • We pull a mortgage only credit report and exclude all other liabilities
  • We ...

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Payroll Tax Cut Impact on Rates

Over the holidays, you may have read that Congress passed the Temporary Payroll Tax Cut Continuation Act of 2011. This measure/tax cut of 2% is paid for in part by increasing the fees that FNMA, FHLMC and FHA charge lenders (These fees are called Guarantee Fees or “G-Fees”). The payroll tax cut is a short-term benefit but the impact on G-Fees and FHA insurance costs could last a decade or ...

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Update from Trulending….

We constantly research the mortgage banking industry looking for competitive advantages and market niches to provide you with the best products and pricing available.  Our boutique approach to lending has been a successful business strategy as big banks continue to lose customers to us and other smaller efficient lenders.

We are proud and excited to announce that we have forged new partnerships to expand our current product offering and provide you with ...

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