admin | January 7, 2010
We have been seeing a drastic decline in foreclosures across the country, many markets show signs of stabilization, and it is beginning to look like the end of our current housing crisis is in sight. However there is small group of mortgage products that may have been overlooked, the Option Adjustable-Rate Mortgages (ARMs) with five-year resets.
admin | January 3, 2010
The Home at Last Program Is a Mortgage Credit Certificate (MCC) program that provides a dollar-for-dollar federal income tax credit equal to 20% (for loans over $190,000) or 30% (for loans under $190,000) of the interest paid on a mortgage loan. This credit is given to the homebuyer every year as long as they live in the home. This tax credit will provide an estimated annual savings of $2,000 a year per household.
admin | December 3, 2009
Fannie Mae has reconfirmed its short sale commission policy with the NAR
admin | December 3, 2009
Freddie Mac confirmed that its servicers are not allowed to renegotiate short sales commissions in writing on August 20, 2009
admin | September 28, 2009
The following FAQ may answer some of the concerns you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.
