Home Buyer Tax Credit v2.0 At A Glance – Los Angeles, San Fernando Valley

On December 11, 2009, in Tips And Advice, by Khai McBride

Ok, so the home buyer tax credit was recently revised and extended through April 30, 2010.  And this time it includes extra provisions to allow repeat home buyers to benefit as well as first-time home buyers.  Let’s breakdown the most important features and illustrate how you can take advantage of this tax credit: $8,000 First-time [...]

Possible Changes For Portland, Oregon FHA Mortgage Loans

On December 10, 2009, in Tips And Advice, by Dustin Hughes

There are some possible upcoming changes that may affect Portland, Oregon home buyers looking for FHA financing. With capital reserves falling below acceptable levels, FHA is now considering a variety of ways to address the growing issue. I put together the following video to provide a fun and educational look into what those changes might [...]

Leverage Your Purchase with an FHA 203k Streamline

On December 9, 2009, in Real Estate, Tips And Advice, by Fred Chamberlin

Buying a new home with an FHA 203k Streamline may be the way to leverage the home you want with a very limited down payment. The real estate market in the Eugene/Springfield/Lane County area has a lot of great deals for those willing to look past the surface of a home. I work with several very exceptional Realtors® and know some of the deals that are happening here. Many of them are being made by investors that know the time is right to buy. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency.

Lower Mortgage Rates – Texas

On December 9, 2009, in Tips And Advice, by Leesa Sandoval

In case you haven’t caught the news, home loan rates have done it again, dropping to their lowest level…ever. Not only has the 30 Year Fixed rate returned to its lowest all time level, rates across the board are at their lowest levels.

USDA Changes Make “Rural” Homes More Accessible – Texas

On December 9, 2009, in Tips And Advice, by Leesa Sandoval

Zero-down home loan programs in Texas are few and far between these days, but one that remains available might be of interest to you – especially given some changes that make it more accessible.

USDA Guaranteed Rural Development loans offer 100% financing with no monthly Private Mortgage Insurance. While there are some geographic limitations for this program, if you are interested in eligible properties, you should take notice.

Maryland 2011 FHA Loan Limits

On December 8, 2009, in Mortgage Programs, Mortgage Rates, Refinance Process, Tips And Advice, by Bill Sohan

The Maryland 2011 FHA loan limits by county are unchanged from 2010.  With only a 3.5% down payment, FHA mortgages have been a great mortgage option for First Time Home Buyers. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA guidelines, please feel free to contact me directly. Bill Sohan 410-963-2308 County [...]

Obtaining a Mortgage Loan after a Bankruptcy – Texas

On December 8, 2009, in Tips And Advice, by Leesa Sandoval

If you have had to declare bankruptcy in Texas you are not ineligible for a mortgage loan. For the most part it’s just a matter of time before you can qualify for a loan. Generally speaking you need about 3 years from the time the bankruptcy was discharged. During that time it’s important to work on rebuilding credit and keeping your trade lines current.

Buying vs Renting a Home in Texas

On December 8, 2009, in Tips And Advice, by Leesa Sandoval

Buying a home vs. renting in Texas is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial stability and [...]

Calling All Teachers, Firefighters, Police Officers – Rockwall County, Texas

On December 8, 2009, in Tips And Advice, by Leesa Sandoval

If you are in the market for a new home but need some money for down payment, closing costs, etc then you may qualify for a grant from Rockwall County

Improving Credit Scores Without Credit Repair – Texas

On December 8, 2009, in Tips And Advice, by Leesa Sandoval

While credit repair in Texas is necessary for some, it’s not the only way to increase your credit score