For many years we calculated FHA down payment by way of Acquisition Cost. Now... that's "out the window." With the new "revisions" we calculated a "straight" 3.5% as reflected in the Mortgagee …
When The Option Is: Refinance or Sell
Gas is now over $4.00 a gallon, and the Raleigh SPCA just announced it's at capacity because people can no longer afford to pay for their pets. It's a sad time. And it's no longer something that's …
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More Downpayment Needed for FHA
The New Housing Bill that Congress just passed in an effort to "save" Fannie Mae and Freddie Mac (F/F) has some other features that homebuyers need to be aware of. SAVE UP! For more than 10 years …
Purchasing FHA Foreclosures
FHA is making a temporary move which will make it easier for folks who want to purchase FHA foreclosures. In a release last week HUD announced that it will temporarily waive a 90 day restriction …
The FHA Bailout Plan
Congress, and specifically the NC delegation and Rep. Barney Frank have a new plan to stop the "bleeding" for many American Families who are upside down in their homes. This is really not so much a …
Another Great Reason To Use a REALTOR
The Wall Street Journal found a section of the real estate market that's making some agents rich! In the article published April 9, they focus on several agents across the country that help buyers …
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