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February 2012

FHA financing is about to get more expensive…

FHA Mortgages are considered one of the best ways for first time home buyers to purchase a home. The minimum required 3.5% down payment is smaller than that of conventional loans, and the credit and income requirements are slightly looser... Continue Reading →

Mortgage rates are low low low….

Every time I think mortgage rates can't possibly go even lower, they continue to surprise me. Here's a great visual for you to see exactly what rates have been doing since 2000. It's a great time for first time buyers,... Continue Reading →

Buying a Home After a Short Sale or Foreclosure

I met yesterday with one of my favorite lenders, Brad Brockett at Summit Funding, and we were chatting about life after a short sale or foreclosure. I was pleased to hear that the timeline isn't nearly as dire as I... Continue Reading →

Rate on 30-year mortgage rises to 3.95 percent

By DEREK KRAVITZ AP Real Estate Writer Published: Thursday, Feb. 23, 2012 - 7:06 am WASHINGTON -- The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed... Continue Reading →

State AGs, feds reach $25 billion mortgage settlement

Last Thursday, the nation’s five largest mortgage servicers agreed to a landmark $25 billion settlement with a coalition of state attorneys general and federal agencies. The settlement addresses past mortgage loan servicing, foreclosure abuses and fraud, provides substantial financial relief... Continue Reading →

What exactly IS the status “Short Sale Contingent”?

I often get asked, "What exactly does 'short sale contingent' mean in MLS?" Great question. First of all, let's start with answering the question of what a short sale is. A short sale is where a homeowner is under water... Continue Reading →

Real Estate….You Either Love It or You Hate It

The current real estate market is a funny thing...you either love it, or you hate it. Most people fall in one of these two camps and are outspoken about the side they are on. The one side knows that this... Continue Reading →

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