How the market has changed!

Wow, the market has certainly changed in the last year. Rates have gone down, up, down, up....home values have gone, well, just down. Despite the decrease in home values, there are opportunities.

FHA offers near 100% financing for first time, second time and nth time borrowers. This is not just a low income or "assistance" program. As a matter of fact, FHA allows loan sized up to $420,000 in Bucks County, PA and nearly $730,000 in many counties in NJ.

For those looking to refinace you may be able to do a rate term and cut some time off the loan you may still have 29 or 28 years left on. I recently completed a refinance for a homeowner who eliminated 13 years off of her mortgage by refinancing into a 15 year fixed and her payment went up by only 131 dollars a month (was 1400, now 1531). That's good stuff.

Feels good to be back posting....geez it has been a while!