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. The proposed FHA policy changes are detailed below: 1. The up front mortgage insurance premiums will be raised .50 point to 2.25% of [...]
Homebuyer Tax Credit Extension Made Simple
The bill that President Obama signed is intended to create urgency for buyers to buy homes. But this bill doesn’t only pertain to first time home buyers as the first one did that has expired. Here’s the deal. The purchase must be made before May 1, 2010 and closing must take place before July 1, [...]
First Time Home Buyer Article 10 of 10, Offer Was Accepted, Now What?
Ok, I was chastised for failing to blog in the middle of a series of articles about buying your first home. My apologies go out to my loyal readers! The first time home buyer credit was absolutely keeping us swamped! So, anyway, I’m back and ready to get back to writing! Congratulations! The seller accepted your [...]
