Anne Arundel County Short Sales Just Got Less Expensive
Anne Arundel County Short Sales Just Got Less Expensive!
A short sale is when a seller sells a home for less than what is owed to the bank or the mortgage company. The difference between what the home sells for and what is owed is considered “forgiven debt”.
Anne Arundel County decided to tax short sales on [...]
Proposed FHA Loan Changes Make Buying a Home More Expensive
Proposed FHA Loan Changes Make Buying a Home More Expensive.
The Housing and Urban Development (HUD), has made the much anticipated, official announcement regarding changes to the  popular Federal Housing Administration (FHA) loan program.Â
The proposed FHA policy changes are detailed below:
1. The up front mortgage insurance premiums will be raised .50 point to 2.25% of the mortgage amount. [...]
First Time Home Buyer Article 4 of 10 Do a Budget
I’d like to congratulate you on wanting to learn more about purchasing a home before just going out and spending money! Now that you understand the mortgage basics, have decided it is better for you to buy a home than to rent a home, and you have been pre-qualified to buy a home, it is [...]
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