Information on HARP 2.0 “Obama” refinance
Below is some excerpts from the recent news release from the FHFA regarding the new HARP 2.0 “Obama” refinance program that will give you a general overview of what Utah homeowners can expect. After...
View ArticleHighlights of HARP 2.0: What it means to you
The Federal Housing Finance Agency (FHFA), who oversees Fannie Mae and Freddie Mac, released the HARP 2.0 “Obama Refinance” guidance to lenders this week. The new HARP (Home Affordable Refinance...
View ArticleSelf-employed income and buying a home
In the last four years we’ve seen many that have lost their jobs starting their own businesses. Of course, with being self-employed there comes that extra “self-employment” tax, so it can be very...
View ArticleInvestors part of sinking home prices
According to Campbell Surveys, 47 percent of all home sales currently are on distressed properties. A distressed property is one that is either in the foreclosure process or has been foreclosed on....
View ArticleCommission Income and Mortgages
Many people earn part or all of their income from commissions. Commission income is permissible for mortgage loan qualification if a few requirements are met. Generally, Conventional, FHA and VA loans...
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