How does the market effect interest rates? Mortgage Backed Securities

On June 3, 2009, in Mortgage Rates, Tips And Advice, by Fred Chamberlin

This is my first video update on what is happening in the Interest Rate Market and why. I am trying to explain the Mortgage Backed Securities Market and hopefully how it effects the Real Estate Market in the Eugene/Springfield Oregon area. (Please be prepared, it is kind of like a Japanese horor movie, the words [...]

$8,000 Tax Credit For Virginia FHA First Time HomeBuyers

On June 3, 2009, in Tips And Advice, by Naoma Doriguzzi

Here are the guidelines for using the $8,000 tax credit for Virginia FHA first time homebuyers. Qualifications to receive the $8,000 tax credit: A first time homebuyer ( not owned a property in the previous 3 years) Your income doesn’t exceed $75,000 for single borrower and $150,000 for joint borrowers You must be a US [...]

Short Sales and Foreclosures – Differences Explained

On June 2, 2009, in Real Estate, by Fred Chamberlin

Foreclosures and bank owned properties are getting a lot of play in the media right now and many buyers are focusing on these properties, along with short sales while trying to find a great deal on a house. For a change, I want to switch my focus from the buyer (the one I deal with) [...]

8000 Tax Credit Guidelines for California First Time Home Buyers

On June 1, 2009, in Tips And Advice, by Jonas Kruckeberg

The updated 8000 Tax Credit Guidelines for California First Time Home Buyers has been released by HUD for FHA loans as of May 29, 2009.   Although the credit may not be used for the minimum down payment of 3.5%, it may be used for buying interest rate down, closing costs and/or additional down payment. Here [...]