FHA Update
The Expanding American Homeownership Act, H.R. 1852, know as FHA reform, was approved by the U. S. House Financial Services Committee on May 3, 2007. The bill now awaits a vote by the full House of Representatives and by the Senate. It will enable the FHA to reach more prospective borrowers and allow millions more [...]
Before Looking at Homes, Get a Pre-Approval Letter
Before writing an offer, we will need a pre-approval letter from a lender. Basically, it says that you are pre-qualified for a mortgage. I suggest you get one for as close to the actual loan amount as possible. When we negotiate we do not necessarily want a seller to know the max amount that [...]
Avoiding Real Estate Foreclosure
Many markets are seeing a rise in delinquencies and foreclosures. If you’ve missed payments on your mortgage or are worried about future payments, it’s easy to feel like you’re all on your own. With your house on the line, you may be tempted to hide and merely hope for the best. However, if you face [...]
Buyers want to pay as little as possible for your home.
Find out what it’s really worth, by email. Are you thinking of selling your home? You should know exactly what it’s worth before making such an important decision.
Let us do a “Comparative Market Analysis” for you, for free, and with no obligation. Also known as a CMA, this analysis compares your home to others that [...]
Real Estate & Mortgage news
Mortgage prices have improved a little this morning (and the 10-yr is at 4.66%) but were slightly worse yesterday after a report showed manufacturing in New York reached the highest level in three years (aren’t we a service economy?). The factory report adds to expectations that the Fed will stay on hold.
NEW PLAN - [...]