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Author Archives: Ray Williams (NMLS #216267)

Fed Rate Cut!

Posted on September 20, 2019 by Ray Williams (NMLS #216267). Tagged: ,

Are you seeing and hearing about the recent Fed rate cut? Does this mean mortgage rates are going to lower? NO! The market has already been pricing this stuff in. You may be asking, what does this means if the Fed rate cuts are not mortgage rates? It means, your online savings account, credit cards, […] …read more

The Benefits of Growing-Equity in Your Home

Posted on August 14, 2019 by Ray Williams (NMLS #216267). Tagged: , , , , , , , ,

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace.  One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for […] …read more

FHA Moves to Limit Cash-out Refinances

Posted on August 4, 2019 by Ray Williams (NMLS #216267).

Lowers LTV Requirements from 85% to 80% In the last several years, an increasing number of borrowers with loans backed by the Federal Housing Administration have been refinancing their mortgages to extract cash – a trend some have called concerning and risky. Now, the Department of Housing and Urban Development is taking steps to curb the prevalence of cash-out […] …read more

HomeReady® Mortgage Program is a Hot Topic with Buyers!

Posted on June 25, 2019 by Ray Williams (NMLS #216267). Tagged: , , , ,

This July, the HomeReady program will broaden its income requirements even more, making the idea of homeownership possible for low to moderate income buyers. What is HomeReady? HomeReady® offers low down payments, and flexible sources of funds for buyers, making it a good option for first time home buyers, or anyone who needs expanded options […] …read more