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Reduce Closing Costs
5 Ways to Reduce Closing Costs on Your Mortgage Whether you are taking out a new mortgage or refinancing an existing one for your property in Queens, you have to pay closing costs. Some of these costs...
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New Start Program
We are launching our “New Start” program starting Dec 1, 2014. The expanded features and guidelines will allow qualified borrowers additional options for home financing: • No seasoning or mortgage pay...
View ArticleFHA PMI Removal
FHA Mortgage Insurance Update We have a freshly updated database of 583,746 FHA homeowners that should no longer be paying Mortgage Insurance (PMI). These homeowners are prime candidates for conversion...
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Reduction of annual MIP
Effective Monday January 26 FHA will reduce the annual MIP ( Mortgage Insurance Premium) to make it more affordable for people to use FHA loans. The following table shows the existing and the new...
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Freddie is on board with low down payments!
It’s official – Freddie Mac’s minimum down payment requirement is now 3%! 3% down payments back again + affordable property values + historically low rates = the perfect market conditions to attract...
View ArticleProgram Highlights
We at Centex Capital are able to offer certain type of mortgage products that most definitely fit any borrower situation. Check out below the type of programs we specialize in. If you have questions...
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W2 Transcript Only
We are please to announce our W2 Transcript ONLY program. Typically, 1040 tax return transcripts are required for all borrowers to submit for qualifying purposes, however, our guidelines now allow just...
View ArticlePayOff Revolving Debt to Qualify
It is with great news that we share that we have updated the guidelines with regards to Fannie Mae Loans and Paying Off Debt to Qualify. Effective with 2015-06, FNMA has reversed their position on...
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Expanded No Income Check Program
There are constant changes when it comes to no income check loans and that is because the issue of occupancy. Lenders are not allowed to make no income loans on primary residences. The property must...
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Refinancing a Coop in New York
Coop living in New York is attractive because it allows you to buy “shares” in a building. Coop mortgages allow you to buy these shares without spending a dime from your own pocket. However, if you...
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