Well when we think how much more can things change… they change! FHA announced that on April 18, 2011 they will increase the Annual Mortgage Insurance Premiums (the monthly premium) by .25%. The UFMIP premiums will not change. According to the FHA, this premium change enables the agency to increase revenues to preserve the stability [...]
I found the following chart on the life of a loan. Dan Edstrom of DTC Systems, who performs securitization audits spent a year putting together the following chart showing the life of his loan. The bottom line….. no wonder the housing market is in such turmoil.
Nova Home loans was ranked #3 from the Phoenix Business Journal as the Best Place to Work in Arizona. Way to go team!
Nova Home Loans is pleased to announce we now have 97% Conventional financing. The maximum loan is $417k and the minimum credit score requirement is 720. Ideal for homebuyers that are purchasing a home above the FHA county loan limits or who are unable to qualify for an FHA loan.
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