mortgage simple definition: Changes In Mortgage Lending And Guidelines

Changes In Mortgage Lending And Guidelines

Changes In Mortgage Lending And Guidelines. Elixir Mortgage Lending

Changes In Mortgage Lending And Guidelines video duration 1 Minute(s) 11 Second(s), published by Gustan Cho Associates on 30 08 2019 - 19:39:50.

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Changes In Mortgage Lending And Guidelines And How It Affects Buyers * 2017 has come and gone and it was a very tough year in mortgage lending

Here in BC, we are seeing mortgage interest rates on the rise
Still very historically low, now is the time to get your mortgage application in to secure these low Welcome to the New Orleans Real Estate Market! Before you start looking at Zillow or Realtor.com, Lending and Mortgage strategies should be at the forefront of California One-Stop-Shop
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1. Changes In Mortgage Lending And Guidelines And How It Affects Buyers

* 2017 has come and gone and it was a very tough year in mortgage lending.

- Mortgage Rates have increased to record highs since the 2008 real estate and mortgage meltdown
- The Federal Housing Finance Agency (FHA) has increased conforming loan limits to $484,350
- This was the second increase in conforming loan limits for two years in the row
- HUD, the parent of FHA, has increased FHA Loan Limits to $314,827 following FHFA’s conforming loan limit increase

2. Other Changes In Mortgage Lending

HUD announced to lower its loan to value cash-out refinance guidelines to 80% from 85% LTV. The VA no longer has a maximum loan limit cap on VA Loans. VA maximum cash-out loan to value is now reduced to 90% from 100% LTV. HUD relaunched FHA Spot Loans. FHA Condo Buyers can now purchase condos in non-HUD-Approved condominium complexes. Gustan Cho Associates offers Non-QM Loans and bank statement loans for self-employed borrowers. Gustan Cho Associates now offers Non-QM Jumbo Loans with 500 FICO.

For more information about the contents of this blog and/or other mortgage-related articles, please contact us at Gustan Cho Associates at 262-716-8151 or text us for faster response. Or email us at gcho@loancabin.com.

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