Have FHA loans become the new subprime?
Phoenix Arizona Real Estate Homes in the Phoenix Metro area
If you have been excited about the 8000 tax credit, thinking it is a great reason to buy a new home – you are right. But now there is something even better – even more money – if you agree to buy a foreclosed home, meet a few financial requirements and agree to attend 8 [...]
Many people are now aware that there is an 8000 tax credit available from the US government for first time home buyers. There are also quite a few people that are aware of FHA’s announcement that you can now “monetize” the 8000 tax credit at closing with the help of a lender or another approved [...]
FHA will now allow you to use the 8000 tax credit for closing costs and has issued an official mortgagee letter outlining the rules to do so.
Something called the Home Valuation Code of Conduct went into effect on May 1 and the impact of the new HVCC rules are starting to be felt by everyone. The new HVCC rules mean that the loan officer who is working on your loan no longer orders the appraisal on your home – it is [...]
When buying a home, make sure you speak with both local and national loan officers. Are local loan officers better to deal with? It depends!
FHA To Soon Allow 8000 Tax Credit To Be Used As Downpayment? Not yet. But maybe soon. Stay tuned for more information on this topic.
Lender turntimes are important to think about when choosing a lender. Mortgage brokers have more flexibility with turntimes than mortgage bankers.
When shopping for a home and submitting an offer, many times there are multiple offers in. To increase your chances of being selected, be sure to get pre-approved and not just pre-qualified.
When paying closing costs, you can pay them, you can have the bank pay them or you can have the seller pay them.
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Many people are now aware that there is an 8000 tax credit available from the US government for first time home buyers. There … [Read More...]
Friday it was announced that HUD will now allow people to "monetize" their $8000 tax credit rather than have to wait to get … [Read More...]
Something called the Home Valuation Code of Conduct went into effect on May 1 and the impact of the new HVCC rules are … [Read More...]