Happy Wayne Homebuyer
Friday, 19 August 2011
Feedback on the service Kevin Toll, Keller Williams Real Estate, provided as my Main Line Real Estate agent in the recent purchase of my new house in Montgomery County, PA. “Kevin was referred to me by a friend, and I would not hesitate to refer him to any of my friends or family looking for
- Published in Home Buyers
Federal Reserve to keep interest rates low into mid-2013
Thursday, 11 August 2011
Good news from the Federal Reserve. If you are looking to move in the next two years, the Federal Reserve indicated plans to keep interest rates exceptionally low until at least mid-2013. These low interest rates will help continue the housing recovery; by making it cheaper to borrow money, they hope more people will
- Published in Home Buyers, Home Sellers
Are you a first-time homebuyer looking for a loan?
Wednesday, 10 August 2011
Are you a first time homebuyer? Are you looking to have a loan backed by the Federal Housing Administration? Some lending companies are easing their credit standards slightly if you qualify for a loan from the FHA; which FHA loans tend to be attractive for first-time homebuyers due to the small down payment requirements making
- Published in Home Buyers
Interest Rates Are Plummeting; Time to Invest in Real Estate!
Monday, 08 August 2011
Have you been thinking about buying your 1st home? Upgrading to a larger home or living in a different school district? Investing in a vacation home or an investment property? If you’ve been waiting for the best time to do it, NOW is that time. Interest rates are continuing to fall (as low as 4%
- Published in Home Buyers
The Real Estate Recovery
Wednesday, 20 July 2011
The real estate recovery began July 1, 2011. This marked the one-year anniversary of a stimulus-free marketplace. For the next six months and, hopefully, for the next six years, there will be an un-stimulated, incremental increase in the number of units closed on a month-over-month basis (comparing July 2011 to July 2010, etc.). In early
- Published in Home Buyers, Home Sellers
Five Questions to Ask at Your Home Inspection
Saturday, 16 July 2011
You may feel like a real estate expert after all your research during your home buying process. But for all but the most handy of house hunters, getting into contract and starting the home inspection process only surfaces how little you actually know about the nuts and bolts of the investment you’re about to make:
- Published in Home Buyers
Down Payment Plan May Price Potential Buyers Out of Market
Thursday, 07 July 2011
How much money a home buyer should put as a down payment on a home has been recently up for dispute among policymakers. Some recent federal regulators and lawmakers calling for a 20 percent or 10 percent down payment in order for mortgages to be considered a “qualified residential mortgage” and not subjected to extra
- Published in Home Buyers
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 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