Tag: freddie mac

What You Need to Know About Condos

Posted on by shikma.rubin@gmail.com

Condos have their own set of regulations because lenders view them as a higher risk. Why? As an owner, you rely on other unit owners to maintain their places and pay condo association fees.If you plan to finance a condo and need a loan in Hampton Roads (like Virginia Beach or Norfolk) you need to know Read more about What You Need to Know About Condos[…]

FHA Reduces Mortgage Insurance Rates

Posted on by shikma.rubin@gmail.com

Over the past couple of years, the MIP (mortgage insurance premium) rates on FHA loans have increased, which raised monthly mortgage payments. The increase kept some homebuyers out of the market.   On January 26, FHA will reduce its MIP rate and allow borrowers to save on average $900 a year. The highlights: Annual premium reduced from Read more about FHA Reduces Mortgage Insurance Rates[…]

Tidewater Home Funding

1108 Eden Way North
Chesapeake, VA 23320

srubin@tidewaterhomefunding.com
757-490-4726
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