The Mortgage Diet

The Mortgage Diet The Mortgage Diet is a blog and podcast about homeownership in the South Florida.

However, our goal is to educate consumers about how to manage debt, save, and find the best deals on mortgage rates.

Fannie Mae removed its 7% cap on investment properties this past September, which means that it's open season for anyone...
10/14/2021

Fannie Mae removed its 7% cap on investment properties this past September, which means that it's open season for anyone looking for an investment property.

Click the link to read more!

https://www.mortgagediet.com/post/market-update-expect-an-investment-property-boom

Fannie Mae eliminó su límite del 7% en propiedades de inversión este septiembre pasado, lo que significa que es la hora perfecta para comprar una propiedad de inversión.

With Congress deadlocked against raising the national debt ceiling, we take a look at what that could mean for mortgage ...
10/07/2021

With Congress deadlocked against raising the national debt ceiling, we take a look at what that could mean for mortgage interest rates.

Clic the link in bio to read more 📖

Con el Congreso estancado en contra de elevar el techo de la deuda nacional, analizamos lo que eso podría significar para las tasas de interés hipotecarias.

Haz clic en el enlace de nuestro perfil para leer más 📖

Fannie Mae is issuing a new credit rule to make it easier for co-borrowers to buy a home together. Rather than using an ...
09/09/2021

Fannie Mae is issuing a new credit rule to make it easier for co-borrowers to buy a home together. Rather than using an average score, Fannie Mae will take the median score of each borrower, and then average those two scores. The result of that average will be the score Fannie Mae uses to qualify home buyers for a home loan.

You can read the full story here:

https://www.mortgagediet.com/post/fannie-mae-says-two-credit-scores-are-better-than-one

In a recent turn of events, Fannie Mae has decided to add a new feature to its underwriting system to help qualify more ...
08/13/2021

In a recent turn of events, Fannie Mae has decided to add a new feature to its underwriting system to help qualify more renters for homeownership. With the borrower’s permission, Fannie Mae will use this new feature to analyze twelve months of a borrower’s past positive rental payment history. This is part of a new effort to make home buying more affordable for renters in lower income and credit households.

Click the link to read more!

https://www.mortgagediet.com/post/fannie-mae-is-making-homeownership-possible-for-more-renters

En un giro reciente de los acontecimientos, Fannie Mae ha decidido agregar una nueva característica a su sistema de calificación para ayudar a calificar a más inquilinos mientras buscan comprar casas. Con el permiso del prestatario, Fannie Mae utilizará esta nueva función para analizar doce meses del historial de pagos de alquiler. Esto es parte de un nuevo esfuerzo para hacer que la compra de una vivienda sea más asequible para los inquilinos en hogares de bajos ingresos y crédito.

¡Haz clic en el enlace de nuestro perfil para leer más!

In March, Congress set aside $10 billion in funds to help homeowners recover from financial hardship. This was done to p...
08/12/2021

In March, Congress set aside $10 billion in funds to help homeowners recover from financial hardship. This was done to prevent homeowners from falling behind on their mortgage, losing utility services, or going into foreclosure.

Click the link to read more about how to qualify!

https://www.mortgagediet.com/post/10-billion-homeowners-assistance-fund

If you haven't already heard, the FHFA has decided to kill the adverse market fee! If you live in or this could mean...
07/29/2021

If you haven't already heard, the FHFA has decided to kill the adverse market fee! If you live in or this could mean that you'd save about $2000 on a home refinance.

Did we mention that rates just dropped to 2.78%*?

*For example, the payment on a $350,000, 30-year fixed-rate loan at rate of 2.78% (2.82% APR) with an LTV of 80% is $1,147.53. Taxes and homeowners insurance not included. Restrictions may apply.

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