Combining Education with Mortgages: My Job is Much More than Just Writing Loans Education is important. Without education, income levels are lower. According to the macroeconomics textbook used in the course I'm teaching right now, in the United States, each year of education accrues a 10% averag
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02/24/2010
Major FHA Changes Effective April 5th - Does This Mean You Should Buy Sooner? There's been a lot of discussion on this site about the upcoming changes to Federal Housing Administration loans that will be effective later this year. To recap, the reason for the changes is to strengthen the FHA insu
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02/10/2010
Huge News for Flippers and Rehabbers - HUD Waives 90-Day Rule for 1 Year! I wrote 18 months ago about the temporary waiver of HUD's 90 day rule. If you're not familiar with it, the 90-day rule says that the Federal Housing Administration (FHA) won't insure a mortgage on any property resold prior
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01/18/2010
Jumbo Mortgages in 2010 - Will the secondary market keep forcing ARMs on owners? Flash back a couple of years, and you'll remember the Federal Government initiating a program to allow Fannie Mae and Freddie Mac to purchase loans greater than $417,000 on a temporary basis. Fannie and Freddie had b
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01/13/2010
2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs Wondering what makes a Jumbo mortgage in New Hampshire for 2010? Here's the updated limit information, compiled from the Federal Housing Finance Authority and the Federal Housing Administration by county. County
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01/12/2010
2010 Connecticut Confroming Loan Limit by County - What makes a loan a jumbo? Today, I'm recapping the conforming loan limits for the states served by Province Mortgage Associates. For 2010, the Federal Housing Finance Agency has left the loan limits unchanged for all states from their 2009 level
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01/12/2010
2010 Conventional Loan Limits for Rhode Island For 2010, conventional loan limits for Rhode Island have remained at the same level where they stood in 2009, according the Federal Housing Finance Agency, the group that oversees mortgage investment giants Fannie Mae and Freddie Mac. These limits de
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01/12/2010
Conforming Loan Limits for Massachusetts for 2010 For 2010, the Federal Housing Finance Agency has set revised conforming loan limit at $417,000, the same limit it has offered for several years now. Certain counties designated as high-cost areas have received higher limits in conjunction with the
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01/11/2010
FHA Private Well Requirements for Properties not Served by Public Water In Rhode Island a very high proportion of homes are connected to an ever growing public water system. I also work with many buyers in Eastern Connecticut where public systems are much less prevalent. Conventional mortgages do
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01/07/2010
2010 FHA Loan Limits for Massachusetts - A New Year, Same Numbers As I reported previously for Rhode Island and Connecticut, 2010 is an year off from changes in maximum FHA loan amounts, and the same holds true for Massachusetts. Here are the area loan limits, by county: Barnstable County: $462,5
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12/31/2009
