FHA Lending Changes that Could Impact Real Estate ConsumersDid you know that in 2009, the Federal Housing Administration (FHA) insured nearly 30% of the single-family mortgage market and that more than 50% of all first-time home buyers used FHA programs? In today’s challenging credit climate, many home buyers and homeowners are turning to FHA for…
Category Archives: FHA Financing
The $8,000 Westchester First-time Homebuyer Tax Credit – A Great Tool for Westchester First Time Buyers
This Article has some useful information for you regarding the $8,000 tax Credit available to you as a first time buyer. Read More…. The recently enacted first-time homebuyer tax credit is making a big splash with Realtors® across the country. Traffic and interest have increased as the word has spread to potential home buyers. While…
Borrowers Can Use the $8000 Tax Credit at Closing
First-time buyers using FHA financing will be able to use their $8,000 federal housing tax credit at the closing table, rather than waiting for a tax refund, according to an FHA document released today. The eagerly-awaited “mortgagee letter” spells out the details of the effort, which was first announced two weeks ago by HUD Secretary…
Where to Get Foreclosure Help
With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help. Here’s a list of programs that are either operated by the U.S. government or have its seal of approval: * To find a counselor, contact the U.S. Department of Housing and Urban…
The State of the Economy|Dont panic
The current state of the economy is probably the worse economic slowdown that most of us have experienced. It’s scary. It seems like there is no end to the bad news and the value of assets (stocks and real estate) will never stop falling. Most investment advisors we speak with continue to believe that the…
Not Impossible to get a Loan|Loan Myths
RISMEDIA, February 19, 2009-(MCT)-The freewheeling days of doling out cars and homes to just anyone are over. With the nation facing a deepening financial crisis, banks have tightened their credit standards. Yet, lenders say it’s still possible for the average person to qualify. Here’s how to get that loan. Car loans A consumer’s down payment,…
Communication|Distress|Success
Mr. Gorbachev, tear down this wall! -Ronald Reagan (1911-2004), 40th President of The United States, dubbed the Great Communicator for his ability to use anecdotes that ordinary people could understand. Have you ever heard someone speak and just marvel at how the words seem to flow like a lazy river just doing it’s thing? How…
Hope for Homeowners
Hud list of approved Hope for Homeowners Lenders HUD officials have compiled a list of lenders participating in the HOPE for Homeowners program, which they say could help as many as 400,000 homeowners avoid foreclosure by refinancing problem loans into new 30-year fixed-rate mortgages insured by the Federal Housing Administration. When released by the…