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Mortgage and Lending - CMG Home Loans - NMLS 248937
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.



 The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately. HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely. The letter s...
 In my Blog  posted last week I provided details for the change in the FHA Mortgage insurance, their is a strong possibility that will NOT happen The MBA of America just sent out a notice that:THERE IS A STRONG CHANCE THAT WHEN DONALD TRUMP TAKES OFFICE HE MAY "ROLL BACK" THE NEWLY ANNOUNCED FHA ...
 If you are a Conventional Buyer there is some GREAT news.  Conforming loan limits are up for 2017.  This is particularly GREAT news since this is the first increase in the Base amount since 2006.  The Real Estate market is strong, and prices have been climbing.Since 2006 the base limit has been ...
 With prices increasing we have loan limits climbing as well.  For FHA this is based on where you are buying.  If your home is in a "Low Cost Area" Here are your limits": If you are in a "High Cost Area" (Most of NJ, where I am licensed, falls into the High Cost Area): These may not be huge incre...
 UNFORTUNATELY THIS PENDING CHANGE WAS RESCINDED BY HUD 1/20/2017Well, that title may be a little deceiving, they never really left, they just were too expensive for the past few years- and because of this we have been opting for Conventional loans more often than FHA.FHA's first Mortgagee Letter...

Robert Rauf

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The mortgage market is ever changing, do not be afraid to ask what is new!