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Tag Archives: FHA Loan Limits 2017

How much home can I afford

When you are thinking about purchasing a home typically the first question you ask yourself is “how much home can I afford?”.  This is a great question to get you started but quite honestly, I think there is a more important question you need to be asking yourself.  “What are your expectations in the vision of […] …read more

CFPB Press Release Regarding Kickbacks

Late yesterday afternoon the Consumer Financial Protection Bureau (CFPB) released a press release regarding Prospect Mortgage to pay $3.5 Million fine for illegal kickback Scheme.  The Real Estate Brokers and Mortgage Servicer that took kickbacks from Prospect are also ordered to pay $495,000. What is a kickback? It is a form of negotiated bribery in which […] …read more

Fed Rates Have Increased

As you know by now the Fed funds rate increased, just as predicted, and discuss at the FOMC meeting in mid-December.  Do not to be fooled by the advertisements stating mortgage rates for 2017 are going up. When you hear “the Fed rates are going to go up, so hurry up and purchase or refinance because mortgage […] …read more

FHA Loan Limits- 2017 Announced

HUD has released the 2017 FHA loan limits to take effect next month. Good news for FHA borrowers is that HUD kept in step with Fannie & Freddie on conventional mortgage loan limits. FHA loan limits are based on the county, so you will see ranges all over the board on the front range of […] …read more