One of the pieces of last week’s economic stimulus package is a temporary increase in FHA (Federal Housing Administrations) loan limits. The current FHA loan limit of $362,790 for Middlesex County meant that a lot of our market couldn’t use FHA programs. Although the new limits haven’t been announced yet, it looks like the temporary [...]

Are you thinking of taking advantage of the decline in the market to purchase an investment property? Well, thanks to some upcoming changes by two of the country’s largest private mortgage companies, you’ll have to have a higher down payment.
MGIC and PMI Group will soon be requiring a minimum of a 10% down payment on [...]