It’s not surprising that interest rates are on the rise as the Fed has committed to reducing its mortgage bond buying starting this month. Most consumers know there is a multitude of factors affecting a mortgage rate such as property occupancy, loan program and even property type. However, there are other factors that carry the... Read More

The Federal Housing Administration is very clear in the role they play in the housing market. They want to promote homeownership for borrowers who do not “fit in the box” by traditional lending standards — in other words, those who don’t have a high credit score, large down payment or low debt-to-income ratio. The FHA helps support... Read More