Posts Tagged ‘Mortgage loans’

Zero down mortgage loans return … and go away

Fannie Mae’s new “Affordable Advantage” loan program offers 100% home mortgage loans through MassHousing and other agencies that can make homebuying more affordable for hundreds if not thousands of Massachusetts’ residents.

The program, however, has not been without controversy and the agency announced today that the program will end, next year.

Mass. mortgage loan closing costs almost average of nation’s

Bankrate.com analyzed mortgage loan closing costs in all fifty US states and ranked them.

Massachusetts came in 19th out of 52 (Bankrate.com split California in half and included the District of Columbia) meaning it’s almost midway between most- and least-expensive.

Financial overhaul bill close to becoming law; mortgage loan process changes

The Dodd-Frank Financial Reform bill has passed in the House and Senate and is awaiting signature by the President.

How will the law affect you and the homebuying and mortgage loan process?