If you are in the market to buy a home using the government’s FHA program it is important to note that April 2011 brings another increase in the cost for the annual mortgage insurance premium.
You can’t turn on the news these days without hearing about the Federal Reserve Board’s attempt at keeping interest rates low to spur more lending (for mortgages, business lending and other consumer loans) via a plan known as Quantitative Easing part 2 (QE2).
As most of you know, all buyers must have a fully executed agreement of sale on a property by April 30, 2010 and close by June 30,2010 to be eligible for either of the tax credits. These dates are extremely important but there are a few other pending changes that are creating an even greater sense of urgency for people looking to buy homes right now.
It is not often that we have one of those life changing ‘Aha!” moments. However, the past week has been one long, string of AHA! moments for me. I wanted to share this experience with the readers of this blog because it matters. It matters to me and it SHOULD matter to you. First let [...]
Recently, the U.S. Treasury announced some new measures to assist homeowners that are having trouble making their mortgage payments. They specifically address two areas of concern with programs aimed at alleviating some of the roadblocks that these borrowers are facing. One of the focuses is on loan modifications. This is a scenario where the lender modifies [...]
For those looking to take advantage of the newly extended Home Buyer Tax Credit there are a few things that you should consider. 1. FHA is one of the best options available for qualified buyers without a lot of money to put down. 2. Even if you don’t plan to start your househunting until after [...]
Complacency Can Cost Residents of Harleysville & Montgomery County Pennsylvania
Most people know that the first time home buyer tax credit will expire November 30, 2009. What many people don’t know is what that means to them if they are in the market to buy a home. Now more than ever you need to have an understanding of the timeframes involved in purchasing a home to make sure you don’t miss this opportunity.
If you are a first time home buyer in Montgomery County Pennsylvania you should know that your credit score will have a significant impact on your ability to qualify for a loan – especially for FHA mortgages. Although most buyers are aware of this fact, many are unaware that some of the actions they take when trying to improve [...]
Many first time buyers in Harleysville, PA and surrounding Montgomery County are asking for specific examples about how they can use the power of an FHA mortgage and the $8,000 Tax Credit to benefit them NOW! Here is an example of a property that is eligible for FHA financing and allows a First Time Home [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
