A One Minute Tutorial on the What and Why of Mortgage Insurance
A One Minute Tutorial on the What and Why of Mortgage Insurance Many borrowers ask us at DiVita Home Finance, “What is mortgage insurance and why do some loans require it and some do not?” Mortgage insurance is required on all low down payment loans. It insures the...
Fed Policy of Low Rates plus Declining Oil Prices Bolster US Housing Market
The Fed recently announced short term interest rates will stay put near zero. The board will be “patient” and rates will remain low “for a considerable time.” Chair Janet Yellen confirmed no change in the first quarter of 2015. Many economists believe interest may...
With tax season ahead, give a belated holiday gift of a mortgage deduction.
Senate bill extends critical mortgage deductions! With the holidays at hand and tax season ahead, mortgage deductions are no white elephants. We think your clients will thank you to learn about a recent Senate bill that extended critical mortgage deductions one year...
New 3% Down Payment Mortgage to tap into Millennial Buyers!
To incentivize the housing market, Fannie Mae and Freddie Mac laid out guidelines for a 97% LTV (loan to value) fixed rate mortgage. It breaks the market wide open to millennials, those born in 1982 and the two successive decades. They have been renting rather than...
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