KARLA COLBY's (kcolby) Blog

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Mortgage and Lending - MetLife Home Loans
RECENT BLOG POSTS
Great news for those of you who have been holding out on refinancing!  Conventional and FHA loans are now in the 4s for qualified borrowers!!  Call me and lets see how we can save you money in the new year!!
12/19/2008
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Yes it is true that down payment assistance programs have been eliminated by FHA.  BUT, regardless of what the media says, now is still a great time to buy/refinance a home! Back in the 70s and 80s, rates were over 10% for fixed rate FHA loans;  currently the rate for that same program is around ...
10/21/2008
BIG changes coming soon for FHA DPA programs; it seems they will soon be a thing o the past.  Approx 35% of all FHA purchases have been possible because of Down Payment Assistance. Here are some facts which came from the HUD site: "The early default rate of loans with nonprofit downpayment assist...
06/17/2008
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After 6 years with American Equity Mortgage, followed by 1 year with Southern Horizon Financial Group, I have decided to accept a new and exciting challenge!  I have accepted a position as a Mortgage Consultant with Southeast Mortgage of Georgia, Inc.  Organized in 1993, Southeast Mortgage is a d...
05/06/2008
4/7/08 FHA RATES DROPPED AGAIN!!  :) IT JUST KEEPS GETTING BETTER!! 30 year fixed rates are in the 5%s!!CALL ME AND LET'S SEE IF NOW IS THE TIME TO REFI OR TO SELL, SO YOU CAN BUY THE HOME OF YOUR DREAMS!!KEEP IN MIND THE CREDIT SCORE REQUIREMENTS HAVE INCREASED SLIGHTLY SO IF YOU DONT HAVE A 620...
04/09/2008
March 5, 2008 FHA Announced New Loan Limits!!!!!This is super exciting news for those of you who have larger loan amounts!! Keep in mind FHA will refinance qualified borrowers up to 97% of the property value and they will allow cash back up to 95%.  Now all those home improvement dreams can becom...
03/06/2008
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