It looks like we are finally going to get the help we need! If you have a mortgage which is serviced by one of the big banks, it very well may be a Fannie Mae loan. If it is a Fannie Mae Loan, you may be elgible for a special refinance, even if you owe more than your home is worth. In fact, this program will allow you to refinance up to 125% of your homes value. Please visit http://loanlookup.fanniemae.com/loanlookup/ to see if Fannie Mae owns your loan. If so NOW might be the perfect time to refinance.

The government is doing a lot right now to help out our economy. One such way they are helping is through the United States Department of Agriculture home loan. This program will allow 100% Financing down to a 530 credit score. The program requires that you qualify with a 45% Debt to Income ratio, however, will let you pay off debt through the loan to help you meet that requirement. Please contact me today to see how you can qualify to purchase your dream home.

In house underwriting has its advantages because it will allow you to close your loan quickly, usually within just a couple of weeks. Genius Mortgage Solutions is proud to announce that we now have in house underwriting.

The 10 year treasury bond has sunk to a 3 year year low, thus taking interest rates to a 3 year low. For people with good credit, rates on a 30 year fixed are down to just 5.375%. Who knows how long this will last?