by Stephanie Crawford | May 28, 2014 | Featured, Mortgage News
Buying a home? If you are, one of the very first questions you’ll need to answer is, “how much of a down payment should I make?” The answer: ideally, 20 percent. Granted, it’s not easy to save 20 percent of the home’s sale price for a down payment. In fact, saving for...
by Stephanie Crawford | Jan 27, 2014 | Featured, Mortgage News
FHA recently changed their upper loan limits for mortgages in Middle Tennessee. $393,300 for a single family home $503,500 for duplexes $608,600 for triplexes $756,350 quad development This limits are slightly lower than previous limits and are in effect for the...
by Stephanie Crawford | Nov 4, 2013 | Featured, Mortgage News
Last week, the Mortgage Bankers Association released its predictions for rates and loan originations in 2014 and 2015. Jay Brinkmann, MBA’s Chief Economist and Senior Vice President for Research and Education, released the following statement highlighting key...
by Stephanie Crawford | Oct 10, 2013 | Featured, Mortgage News
The following was excerpted from a CRS finance class I took a few years back: Part I: Good Credit Translates into Lower Rates for the Consumer In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving...
by Stephanie Crawford | Jul 17, 2013 | Featured, Mortgage News, Nashville Market Stats
Thanks to my very favorite local mortgage broker, Mark Neely at Legacy Mutual Mortgage for the great handout highlighting home affordability in Nashville. In recent year rents have been raising at rates over 10% year over year…. Check out our newest listings:...
by Stephanie Crawford | Jan 1, 2013 | Featured, Mortgage News
I’m no accountant but averting the fiscal cliff was a great move real estate-wise. Here’s what it means: The “American Taxpayer Relief Act of 2012’’ passed on a bipartisan 89-9 vote in the middle of the night and extends current tax rates for all...