Fannie Mae recently announced that lenders are required to pull your credit hours before closing - and any inquiries on your credit report must be explained. We figured you might want to know more …
Veterans Not Allowed to Pay all Closing Costs
A new Good Faith Estimate went into effect on January 1, 2010 and because of all the requirements that go with any new Government Regulated Form... FHA came out in January with a list of fees they …
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FHA Has Problems According to CBS Report
This news report last night on CBS about FHA was interesting! FHA / HUD does not make loans, they only insure them. It's one of the BEST programs available to first time home buyers! Yes, there …
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With All of the Risk Do We Still Need FHA?
With the continued talk of extending the Tax Credit for Homebuyers, there's another group of Economist/Strategist discussing the "need" for the FHA Loan Program. With the increase in loan …
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What Exactly Are Closing Cost?
If you are considering the purchase of a home, you know that there could be a downpayment requirement (unless you are a Veteran, or you are purchasing in a rural area that qualifies for USDA …
Veterans get a Tax Credit Extension, what about the rest of us??
On October 11, 2009 the Congress agreed to extend the $8000 Tax Credit for First Time Homebuyers for any Veteran who served at least 3 months of "Qualified Overseas Duty" in 2009 for another 12 …
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