The FHA, who lately has originated almost a third of all home loans, is overhauling its system come April 5th of this year. Why would this be done when its loan program is so successful, so popular? Mostly this is being done in an effort to bolster it’s balance sheet and falling capital reserves. In other [...]
Online mortgage calculators can help you in planning and acquiring a home loan for your dream home.
Great news for investors! Admitting that it is in fact possible to buy, rehab, and sell a property in less than 90 days, the Federal Housing Administration (FHA) has suspended it’s infamous 90 day seasoning requirement! This is also great news for home buyers, as this suspension should effectively allow quite a few more houses onto [...]
Over the past several years, the Government and the Mortgage Industry as a whole has continuously tightened the rules and regulations when it comes to buying a home. It has gotten to the point where even people with stellar credit and a solid borrowing history still need a hefty down payment before they can purchase [...]
The $8,000 tax credit, which was scheduled to lapse on Dec. 1 of this month, was effectively extended through the end of June 2010. This is great news for people who were rushing to find a good home in order to qualify! Homebuyers must now sign a contract before April 30 and close on their [...]
Attention Dallas Fort Worth first time home buyers! Time is running out! As of now you have less than 3 months to take advantage of the $8,000 tax credit offered by the Federal Government. If you are still planning on buying a house and taking advantage of this historic opportunity you must make your home [...]
Getting yourself pre-qualified for a mortgage is a relatively simple process. It can be achieved as easily as contacting a loan officer and having them take down some general questions about your income, employment, and monthly expenses.
Once the loan officer has this information from you they will run your credit and and make an estimate [...]
If you are over the age of 62 and you own a house, you have more than likely heard about a Reverse Mortgage. This is an interesting issue due to the fact that Reverse Mortgages are becoming extremely popular in America these days. Unfortunately, though, many people are afraid of this type of mortgage, which [...]
If you find yourself in the market for a new home, it is obvious that you will need some money available to use as a down payment when you get to closing. As far as the industry goes, there is an age old adage that says a new home buyer should have at least 20% [...]
If you are in the market for a new home, it is utterly imperative that you review your financing options before you make any concrete decisions. Depending on the circumstances (and in order to make sure you get the best possible loan) you should be aware of what choices you have, and what types of [...]
