Ascent Home Loans

Archive for the ‘Loan’ Category

Over the past year since the mortgage and housing implosion has started, we have only heard about Fannie Mae this and Freddie Mac that. Mortgage companies have come and gone, some deservedly.  Fannie, Freddie and FHA maximum loan limits have been adjusted upwards thanks to Read the rest of this entry »

Over the past few months I have had both current clients and potential clients calling and asking why haven’t the interest rates dropped more. “The Fed Funds Rate is really low.” “How long will it take for mortgage rates to go down ?” “I’m going to wait a little longer, I know they will Read the rest of this entry »

Over the past few months, I have had the same recurring questions from borrowers in regards to what is meant by locking or floating a loan. Both principles are pretty straight forward and Read the rest of this entry »

With less than 30 days left until April 15th, many homeowners are scrambling to get their paperwork together for their tax preparer appointment.  In all the frustrated and anxiety filled moments before the meeting, many homeowners may forget Read the rest of this entry »

With the passing of the stimulus bill now behind us, in a few short weeks Fannie Mae, Freddie Mac and FHA will release their new guidelines on loans above the conforming loan limit of $417,000.  Although this will help to stimulate refinances and home sales, there are two things that Read the rest of this entry »

The Senate has recently passed Senate Bill S 2338 which changes dramatically the structure of the standard FHA program.  In recent years FHA programs have not been used to any extent here Read the rest of this entry »

When buying or selling a home, sometimes it can be or feel like one of the most stressful times a person can endure.  Searching for a home to purchase or a Realtor to represent you, choosing a lender, renovating your home, strange people walking Read the rest of this entry »

As we sit and wait for what appears to be the Senate putting the FHASecure program on the back burner, we once again have the government, namely the Treasury Secretary traipsing out in front Read the rest of this entry »

In hopes of curtailing the the increasing problems that have developed within the sub-prime market, the Federal Housing Administration and the Bush Administration have developed a plan that would help a number of families stave off foreclosure. However, with all the conflicting news stories reported each and every day about Read the rest of this entry »

It seems to me over the past month, the highest percentage of calls that I have received have been mostly from borrowers desperate to be approved for a loan so Read the rest of this entry »