Have you heard the joke about the way you see your house, and the way the tax guy sees it and the way your appraiser sees it? Well, it's pretty funny... because everyone has a difference …
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Are You A Waitress? Wanna Buy a House!?
I just wrote about a waitress in Garner, NC who was able to purchase a home, with a new roof, new windows, carpet, and HVAC system! It cost her less than $3000 - and her total monthly payments are …
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Fix Up A Foreclosed Property – $100 Downpayment?
I wrote recently (click here) that we could not do $100 downpayment with the 203k loan program... well, now I have a lender who claims he can do it. HUD has long had a program that encourages folks …
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Found Money Refinancing from Subprime to FHA
In the South we have a "saying" that I love. FOUND MONEY! Do you know what that means? It refers to that $20 you "found" in your bluejeans that you had forgotten about! It's about the extra …
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Problems Refinancing from Conventional Loan to a Government Loan
For fun an giggles, let's say you bought a property in Feb. of 2008. You got a Heck of a Deal - and you purchased the home for $237,000. The appraisal in February was for $245,000 …
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FHA Loan Limits Change 1/1/09
According to the Mortgagee Letter Published this week, HUD is changing the Maximum Loan Limit for Wake, Johnston, Franklin and Harnett Counties. The change is based upon our average sales price, …