Why The Housing Market Isn’t Recovering
Thursday, 26 May 2011
For nearly two years, the majority of key indicators that the economy is recovering has been moving in the right direction, however, home sales have remained in the dumps. Unfortunately there are many day-to-day realities that are holding back the housing market: Job growth is slow • Job growth is back, but corporations have found
- Published in Uncategorized
Minimum Down Payment, Maximum Sellers Assist Series 4 of 5: VA Loans
Tuesday, 10 May 2011
VA LOANS (VETERANS ADMINSTRATION) VA loans (for 1 to 4 unit residential owner occupied properties) are underwritten and originated to VA criteria and are guaranteed by VA for borrowers who are eligible thru military service. A certificate of eligibility is issued by VA indicating the amount of VA guarantee. The percentage of the loan that
- Published in Home Buyers
Minimum Down Payment, Maximum Sellers Assist Series 3 of 5: FHA Loans
Monday, 09 May 2011
FHA LOANS (FEDERAL HOUSING ADMINSTRATION) FHA loans are loans that are underwritten by direct endorsed FHA lenders and underwriters to meet FHA credit, borrower, and minimum property requirements (1 to 4 unit owner occupied properties). In exchange, FHA/HUD provides explicit government guarantee on the loan in the form of Mortgage Insurance (MIP). FHA loans have
- Published in Uncategorized
Minimum Down Payment & Maximum Seller’s Assist Series 2 of 5
Friday, 06 May 2011
CONFORMING CONVENTIONAL LOANS: Conforming loans are loans underwritten to meet guidelines of Fannie Mae and/or Freddie Mac, whom provide an implicit form of government guarantee. On conforming loans, it is Fannie and Freddie who dictate the requirements for minimum down payment, allowable sources of buyer down payment, and maximum seller assist limits. Standard conforming limit
- Published in Home Buyers
Minimum Down Payment & Maximum Seller’s Assist Information Series 1 of 5
Thursday, 05 May 2011
General Information about Seller’s Assist Seller Assist (aka Seller Credit) is payment by seller or builder of settlement costs that are normally paid by the buyer. Any closing costs that are normally paid by the borrower are considered contributions if they are not paid by the borrower. Contributions toward any of the following are included
- Published in Home Buyers
4 Keys to Selling in Today’s Market
Wednesday, 04 May 2011
Home sales and prices are still dropping around the country as huge inventories of foreclosures and short sales continue to weigh on many markets. So how can traditional sellers stand out in a crowded real estate marketplace? CNNMoney.com recently highlighted several keys to getting a home sold in a tough real estate market. 1. Cut
- Published in Home Sellers