Mortgage Financing

June 18, 2013

Mortgage Rates On the Rise

     This week the rates for a 30 year Fixed Rate Mortgage rose to 3.98 percent according to Freddie Mac. With mortgage rates increasing buyers have shown a motivattion to buy now before the rates rise any higher.  An important upcoming Federal Reserve meeting may shed some light ...

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Posted in Mortgage Financing
June 7, 2013

USDA Loans

To encourage rural living the USDA, United States Department of Agriculture, offers no down payment loans. For home buyers with limited funds it’s an appealing option, and a rural home comes with great benefits. First, there is extra land to work with. Start a sizeable garden or a farm and ...

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Posted in Mortgage Financing
June 4, 2013

How Rising Mortgage Rates Affect You

The housing market is continually fluctuating. If you are a home buyer or trying to sell you’re affected by changes that you might not even be aware of. One of the latest trends has given potential home buyers a lot of motivation to  buy now.


Rates are rising. As of ...

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Posted in Mortgage Financing
Feb. 20, 2013

New Mexico Mortgage Finance Authority HERO Program

The HERO program through the New Mexico Mortgage Finance Authority is a 30 year fixed rate mortgage program that includes a 3.5% down payment assistance grant for individuals employed in eligible occupations.  Some of these occupations include Police Officers, Firefighters, Teachers, Health Care Workers and Current member of ...

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Posted in Mortgage Financing