Posts By Jim Duffy
Location
6224 Sugarloaf Pkwy,
Duluth, Georgia 30097
Phone: 678-362-8156
Posts
Buzz is growing for the “Home Affordable Refinance Program” revisions, referred to as HARP 2.0. And for good reason. Homeowners I speak with every day complain – rightfully – that they ‘have done the right thing’ in being responsible and paying their mortgage on time. And they have, even when neighbors have walked away from [...]
For the past two weeks we have heard a lot about the announced HARP 2.0 Program. And for good reason! At least, from what we know now it appears to be for very good reason – I just read that 58% of mortgaged Atlanta homeowners are underwater on their mortgages, they owe more on the [...]
Should young professionals become Atlanta first time home buyers, and purchase their home now, taking advantage of low mortgage rates, depressed home prices, and rising rents? That should be high on the list of those Atlanta area residents, I argue. For more information on Atlanta home loans, call 1-800-MY-LOANS
Currently the maximum loan limit for FHA loans in the 13 county metro Atlanta area is $346,250. But that is about to change. On October 1, the new limit in the 13 county metro area will be $320,850; and this is for all loans that are insured by HUD, as of the insurance date. The [...]
It is true! You can buy a new home just 1 day after a short sale…with a couple caveats, of course. You can buy again, using an FHA mortgage, just one day past closing on a short sale, IF: You had no mortgage lates in the 12 months before your short sale, and The loan [...]
So, if you are in the market for a home in the Atlanta area, planning on FHA financing in the Atlanta market, then try to move quickly to get the contract and case number. HUD announced an imminent increase in monthly MIP as of April 18, 2011. In an effort to further strengthen FHA’s role [...]
A lot of people I speak with today just have a feeling that down payments need to be quite substantial. Generally, they hear about the housing market being bad and banks not lending all over the news, and just surmise that they probably need a huge down payment to buy a home. I am on [...]
Loan programs and guidelines are changing every day, and most especially with government loans such as FHA loans. So, now more than ever a metro Atlanta first time home buyers to get a very solid pre-approval from a direct, local lender. Frequent visitors of this website know it is all about the local lender being [...]
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