The new "community concept". Great idea
Real Estate, Housing & Economy: The Shrinking House: Downsizing the American Dream - CNBC#comments_top
Thursday, November 11, 2010
Wednesday, August 11, 2010
Friday, August 6, 2010
Thursday, August 5, 2010
FHA CHANGES
The Senate late last night unanimously approved legislation to grant the FHA authority to raise the annual mortgage insurance premium from 0.55 percent to 1.55 percent.
However, FHA officials only expect to raise the premium to 0.9 percent, while lowering the upfront mortgage insurance premium.
Earlier this year, the upfront mortgage insurance premium was increased from 1.75 percent to 2.25 percent.
The result would mean borrowers taking out a $170,000 loan at five percent would pay just $38 more each month.
At the same time, the FHA would stand to bring in an additional $3.6 billion annually to bolster its depleted reserves.
“Our legislative proposals provide FHA the ability to hold lenders accountable for the loans they underwrite,” said HUD Secretary Shaun Donovan, in prepared remarks.
“And, we have also proposed giving FHA the flexibility to respond to changes in the marketplace by granting additional authority to adjust the annual mortgage insurance premium and, in turn, reduce the upfront mortgage insurance premium paid by borrowers.”
While FHA loans may be more expensive going forward, the costs will be spread out over time, keeping upfront costs low, which is essentially why borrowers choose these loans.
Phil
However, FHA officials only expect to raise the premium to 0.9 percent, while lowering the upfront mortgage insurance premium.
Earlier this year, the upfront mortgage insurance premium was increased from 1.75 percent to 2.25 percent.
The result would mean borrowers taking out a $170,000 loan at five percent would pay just $38 more each month.
At the same time, the FHA would stand to bring in an additional $3.6 billion annually to bolster its depleted reserves.
“Our legislative proposals provide FHA the ability to hold lenders accountable for the loans they underwrite,” said HUD Secretary Shaun Donovan, in prepared remarks.
“And, we have also proposed giving FHA the flexibility to respond to changes in the marketplace by granting additional authority to adjust the annual mortgage insurance premium and, in turn, reduce the upfront mortgage insurance premium paid by borrowers.”
While FHA loans may be more expensive going forward, the costs will be spread out over time, keeping upfront costs low, which is essentially why borrowers choose these loans.
Phil
Thursday, July 29, 2010
National Mortgage News - Loan Closings Drag On and On at the Megabanks
WHY USE BROKERS... SEE ATTACHED LINK
National Mortgage News - Loan Closings Drag On and On at the Megabanks
National Mortgage News - Loan Closings Drag On and On at the Megabanks
Thursday, July 8, 2010
Helping Kids
I am excited to share with you that I won't be in the office, or available by cell phone/e-mail, July 11th-18th. For the fourth year now I have the honor of participating in an amazing program called Champions for Life (CFL) Kids Camp. CFL is committed to helping abused and abandoned foster care children who were removed from a home of abuse and neglect and are in desperate need of healing. CFL is a place where that healing begins, where children feel safe and loved; where they are shown they are special and learn they were created for a purpose. Your prayers for me, my family and the very special children attending CFL this year are greatly appreciated.
Randy Krzeminski will be taking care of my clients while I am away. He can be reached at (586) 215-3338 or by email at rkrzeminski@goldstarfinancial.com
Phillip Semlow
Gold Star Mortgage Financial Group
Branch Manager
To learn more Champions for Life Kids' Camp, visit www.visionhope.org.
Randy Krzeminski will be taking care of my clients while I am away. He can be reached at (586) 215-3338 or by email at rkrzeminski@goldstarfinancial.com
Phillip Semlow
Gold Star Mortgage Financial Group
Branch Manager
To learn more Champions for Life Kids' Camp, visit www.visionhope.org.
Wednesday, June 30, 2010
Tuesday, June 29, 2010
Thursday, June 24, 2010
Tuesday, June 22, 2010
Thursday, June 17, 2010
City of New Baltimore, Michigan, Family Fun Events, Bay-rama, Bayrama, Fishfly Festival, Fireworks, Parade | Fishfly Festival
Here is a link for the New Baltimore, MI Fish Fly festival coming up next week. There is something for everyone and is always a lot of fun.
City of New Baltimore, Michigan, Family Fun Events, Bay-rama, Bayrama, Fishfly Festival, Fireworks, Parade Fishfly Festival
City of New Baltimore, Michigan, Family Fun Events, Bay-rama, Bayrama, Fishfly Festival, Fireworks, Parade Fishfly Festival
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