Flip Properties and How They May Impact Your Financing

Posted on March 4, 2016June 5, 2016 by shikma.rubin@gmail.com

A must read if you are buying a flipped property or thinking about flipping.

What I learned from HUD Secretary, Julian Castro

Posted on October 30, 2015June 28, 2016 by shikma.rubin@gmail.com

Recap of virtual townhall with HUD Secretary, Julian Castro. The topic was millennials and the housing market.

New FHA Handbook and Rental History

Posted on September 25, 2015July 18, 2016 by shikma.rubin@gmail.com

All week major news outlets (ex: The Atlantic, Bloomberg, Washington Post) have covered the rental crisis happening in our nation. It’s reported that by 2025, over 13 million people will spend more than 50 percent of their salary on rent. That is a crisis. Why does this matter to you? Lenders have guideline on how much income a Read more about New FHA Handbook and Rental History[…]

What You Need to Know About Condos

Posted on March 27, 2015May 3, 2015 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 January 20, 2015April 2, 2015 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[…]