Rates Improve, Fed Cuts Likely, Conforming Low Income Program Updates
Both Fannie & Freddie have announced updates to their low income/down payment programs that give discounts on note rate and mortgage insurance rates (these programs allow: 3% down, boarder income, ADU income, & low down payment on owner occupied 2-4 units). The updates make it more challenging to qualify. Instead of allowing 100% of Area […]
How to Pay off Your Student Debt with Your Mortgage
You probably read the recent story of Robert Smith, the billionaire philanthropist who shocked the Morehouse College class of 2019 during his commencement address by announcing he will payoff their entire student debt (estimated at up to $40,000,000). “On behalf of the eight generations of my family that have been in this country, we’re gonna […]