Who can be on the mortgage title?
Saturday, 02 February 2013
by The Kevin Toll Group
Mortgages may be like a foreign language to you…the following is a refresher guide to borrower/title relationships allowed for conventional, FHA and VA loans. CONVENTIONAL: · There does not need to be any relationship between occupant borrowers on a loan. · A person may be on the title without being a borrower on the loan.
- Published in Home Buyers
Are you a first-time homebuyer looking for a loan?
Wednesday, 10 August 2011
by The Kevin Toll Group
Are you a first time homebuyer? Are you looking to have a loan backed by the Federal Housing Administration? Some lending companies are easing their credit standards slightly if you qualify for a loan from the FHA; which FHA loans tend to be attractive for first-time homebuyers due to the small down payment requirements making
- Published in Home Buyers
Tagged under:
Federal Housing Administration, FHA, first time homebuyer, Kevin Toll, loans, Main Line Realtor
Important FHA information for Condos
Friday, 12 November 2010
by The Kevin Toll Group
FHA announced several changes in the Condo Project Approval process. One important change was the elimination of “spot approvals” and that the entire project would have to be approved in order for a unit in that project to receive FHA financing. Another major change that initially many didn’t realize the importance that each project would
- Published in Home Buyers
FHA Monthly Mortgage Insurance Premiums increase is effective on September 7th
Thursday, 12 August 2010
by The Kevin Toll Group
I mentioned earlier this week that the senate had approved the increase in FHA mortgage premiums and were waiting on President Obama’s final approval. The increase in FHA monthly mortgage insurance premiums was approved and will be effective on FHA case numbers assigned on or after September 7th. Keep in mind, the FHA case numbers
- Published in Home Buyers
HUD Homebuyer Tools
Wednesday, 16 June 2010
by The Kevin Toll Group
Buying a home is a big investment and having tools to make the process easier is now at your fingertips. There is a new, quick and easily accessible HUD website to see if a given Condominium is FHA approved or not. Click on the link and then search by zip code to see if a
- Published in Home Buyers
Interest Rates on FHA loans keeps declining!
Tuesday, 15 June 2010
by The Kevin Toll Group
It’s Seems that everything is inflating these days, except INTEREST RATES on FHA LOANS! FHA loans are not just for hard to qualify homebuyers, but everyone should consider an FHA loan, here’s why: Today’s FHA 5/1 ARM hovers around 3.5%. This is a fixed rate for 5 years! After 5 years, the annual interest rate
- Published in Home Buyers