Tuesday, December 13, 2011

Holiday Credit Tip

It's important to remember that credit needs to be pulled twice for most mortgage transactions these days: once when the loan is pre-approved, and again right before the closing. If any new credit inquiries show up on the second credit report, then they have to be explained before the loan can close.

Many people apply for new credit cards at this time of year because of all the holiday shopping. Those credit inquiries will show up on a credit report.

If you have a question regarding new credit accounts and how that will affect your ability to close a loan, make sure you consult with your lender before opening any new accounts.


Getting a loan approved is easy - if you know what to do. The Mortgage Experts know what to do!!!

Make sure you check out our web site:
www.mtgsupportservices.com

By the way, don't forget to refinance your current mortgage. Rates are very, very low right now. Don't miss out! Call us today to get the details for your particular situation.

Thursday, December 8, 2011

FHA Loan Limits Go Up

FHA loan limits have gone back up! Here are the new limits:

For the Denver-Metro counties, the new loan limit is $406,250.

For Boulder County, the new loan limit is $460,000.

These limits are for 1-unit properties. The amounts are higher for 2, 3, and 4 unit properties.

These new amounts are in effect until the end of 2012.

As always, there is no income limitation on FHA loans and you do NOT have to be a first-time home buyer to get an FHA loan.

Call us with any questions.


Getting a loan approved is easy - if you know what to do. The Mortgage Experts know what to do!!!

Make sure you check out our web site:
www.mtgsupportservices.com


By the way, don't forget to refinance your current mortgage. Rates are very, very low right now. Don't miss out! Call us today to get the details for your particular situation.