First Time Home Buyer Purchasing Plan

Are you trying to purchase a home and take advantage of the new Tax Credit??  Well, you’re not alone, and as a First Time Home Buyer… the task is now even more overwhelming because of the number of foreclosures, short sales, and standard sales available. Each of these types of sale [...]

5 Things First Time Home Buyers Should Know!

So you’re ready to move out on your own, and Kiss Your Landlord Good-bye?  CONGRATULATIONS!
Here are FIVE THINGS we think every First Time Home Buyer should consider before making that move:

When you buy a House – you get a Raise!  Uncle Sam definately sees benefits in having homeowners, so you get to “write off” the [...]

Condominium Loans and FHA Mortgage Changes

FHA announced new guidelines that will effect Condominiums beginning this fall.  With their mortgagee letter, HUD (which governs the FHA Mortgage Loan program) changes the Spot Approval process, so that mortgage lender’s will be required to look at the overall “health” of the project. 
You’ve read the news – massive numbers of people are behind on their mortgage payments.  Guess [...]

FHA Maximum Loan Limits Increase for Some NC Counties

If you live in NC, there’s a good chance the Maximum FHA Mortgage Loan Limit for your county changed this week!  We were surprised that limits were increased in 2008, lowered January 1, 2009 and then INCREASED again February 24, 2009.
Who know how long this will last?
If you want to know what the maximum FHA [...]

Buying a Home after Foreclosure

If you are one of the millions of families that lost their home in the last couple of years to Foreclosure… you might think…
Been There – Done That
You might not want to own a home again! 
But if you’re one of those folks who truly does want to purchase again, here’s some potentially good news.
FHA and [...]

More Downpayment Needed for FHA

SAVE UP! For more than 10 years there have been agencies that helped with downpayment. The downpayment was “gifted” through the agency – and it’s a bit complicated – but it meant that a homebuyer seeking FHA financing could get a 100% loan. Well, that’s been eliminated with the New Housing Bill.

What is FHA PMI??

THERE IS AN UPDATE TO THIS INFORMATION – Please click here for CURRENT MIP information… We are leaving it here, in case someone received MIP before 1/1/2010, and wants to check on that or the refund…
If you are a potential new homebuyer, you are wading into a brand new world – with it’s own language!  [...]

FHA Green Mortgages

Officially, the mortgages often are called Energy Efficient Mortgages (EEMs) or Energy Improvement Mortgages (EIMs). The common baseline used to determine if a property qualifies requires an energy rating. This national standard, “allows a homebuyer to easily compare the energy performance of the homes being considered.

Time To Refinance Your VA Loan??

A veteran does not have to re-qualify for a VA streamline and in most cases an appraisal in not required. Most importantly, there are rarely any out of pocket costs for the veteran. So… you’re just lowering your monthly payment! How cool is that?

VA Loans Left Out

The Congress and the Fed and Secretary Paulson all worked miracles to get a stimulus package passed in record time… they forgot one little thing, VETERANS!
Washington Report: VA Loans for Veterans Overlooked

On Capitol Hill, it’s known as the biggest goof-up relating to housing in years: Working with the White House, Congress passed a bipartisan [...]

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