Mortgage and loans
Buying a home which needs renovation can be challenging. Lenders provide limited and expensive mortgages on homes which are in poor condition. The FHA 203(k) backed loans protect lenders by having the loan insured before the condition and value of the property provides adequate security. This reduces the cost to the borrower. The program enables […]
FHA 203(k) Loans – purchase (or refinance) and renovate Read More »
The Federal Housing Finance Agency told loan servicers they could begin accepting money for principal reductions from programs financed by the U.S. Treasury’s Hardest Hit Fund, which includes Keep Your Home California. – $772 million is allocated to principal reduction, enough for about 9,000 CA borrowers. – Qualify: live in home, underwater, low-to-moderate income, &
Principal Reductions For Underwater Homeowners Read More »
When interest rates are low, there are significant advantages for both buying and selling real estate. A buyer has a double advantage from the low interest rate: monthly payments are lower and equity builds quicker even with the lower payment. During the first 5 years of a 30 year mortgage, equity builds nearly twice as
Good time to buy or sell real estate? Read More »
