Goodbye Mortgage Insurance (Buyers Can Save Money!)

My preferred mortgage professional Elvin Wesley recently sent this information regarding mortgage insurance (MI) – this is good to know for all buyers or future buyers: Great news, buyers no longer must wait until they have 20% down to purchase a home and get a mortgage loan without Mortgage Insurance (MI)! If they meet the…

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Loan Limit Rate Changes for 2018

There is some good news on the real estate horizon for borrowers – the Federal Housing Agency (FHA) recently announced that the maximum conforming loan limits will be increased for Fannie Mae and Freddie Mac mortgages in 2018. High balance/super conforming maximum loan amounts in San Diego County will be $649,750.00 for single unit properties.…

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FHA Annual Mortgage Insurance Premiums Reduced

By Elvin J. Wesley, President and Broker of Ranch and Coast Mortgage Group What a great way to start the week and 2017!!! Monday morning HUD announced that it had achieved the balance of its statutory operational goals and as a result of that it requires a reduction of the Annual MIP charged. This exciting…

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