Looking to invest? Rentals could be a good move
Wednesday, 15 June 2011
by The Kevin Toll Group
As home prices fall and rents rise, some investors are plunking their money into real estate, chasing the cash flow that comes along with becoming a landlord. “For the first time in a long time, you can buy that home and can get a cash-on-cash return immediately,” said William King, director of valuation services for
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Potential Changes to FHA Single-Family Loan Limits beginning October 1, 2011 from Implementation of the Housing and Economic Recovery Act of 2008
Tuesday, 14 June 2011
by The Kevin Toll Group
Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert back to loan limits determined under the Housing and Economic Recovery Act (HERA) for loans insured by FHA on or after October 1, 2011. As a result, FHA loan limits would likely decline in 669 of the 3,334 counties or county equivalents that are
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Home prices decline and consumer confidence stays low
Thursday, 09 June 2011
by The Kevin Toll Group
In March 2011, home prices in 20 U.S. cities dropped to the lowest level since 2003; indicating the housing market remains stalled in a slump almost two years into the economic recovery. There is a backlog of foreclosures, and when they reach the market it may mean home prices stay depressed, and prevent builders from
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Is the housing down-slide nearing the end?
Thursday, 02 June 2011
by The Kevin Toll Group
How low can the market go? For real estate, some economists say, an end to the seemingly endless decline in housing values might be in sight. When? Not immediately. At the moment, prices are still dropping. In 20 large cities, prices fell 0.8 percent in March from the previous month, according to the Standard &
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Steps to make homebuying almost Stress Free
Tuesday, 31 May 2011
by The Kevin Toll Group
The home buying process may be the most stressful life experiences you’ll ever have! Major money transaction, moving and a big life commitment all rolled into one experience. What to do? Here are three strategies to help you buy a home, without pulling your hair out. 1. Be prepared. Scrambling for money and documents that
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Why The Housing Market Isn’t Recovering
Thursday, 26 May 2011
by The Kevin Toll Group
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
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Minimum Down Payment & Maximum Sellers Assist Series 5 of 5:Other Loan Types
Thursday, 12 May 2011
by The Kevin Toll Group
Guaranteed Rural Housing Development Loans (aka RD Loans, aka USDA Residential Loans) These are loans that are guaranteed by USDA. Geographic eligibility applies; property eligibility can be verified by checking property on USDA website and is limited to 1 unit properties (single family homes, PUDs and Condos). Household income limits apply. Financing is to max
- Published in Home Buyers
Minimum Down Payment, Maximum Sellers Assist Series 4 of 5: VA Loans
Tuesday, 10 May 2011
by The Kevin Toll Group
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
by The Kevin Toll Group
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
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FHA loans
Minimum Down Payment & Maximum Seller’s Assist Series 2 of 5
Friday, 06 May 2011
by The Kevin Toll Group
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