Now is the time for all good men to come to the aid of their party.It happened almost everywhere. FHA loan limits went through the roof, and conventional followed. But not for long...these loan limits are set to expire by the end of the year.In Salt Lake City, the new FHA loan limit is $729,750!
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03/18/2008
Well, so far I've posted a number of significant blog entries. Most of them took at least 30 minutes to write.And now I wonder to myself, "Self...why does thou type out such long blog entries?" After all, I've seen some rather fun, short blog entries.So now i've succumbed to the little devil on
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03/16/2008
A loan's interest rate is only half the informationAt the risk of losing a few readers, I'll start naming some fees and costs in the first paragraph. For those of you who just can't stand the pain of reading through it, go ahead and skip on to paragraph two. Origination fee, closing costs, docum
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03/16/2008
Everything is not as it appearsHave you ever wondered what goes on behind the scenes after you've applied for a loan? Well, you should! How a company handles its loan processing can cost you thousands of dollars or even cost you your new home!We're not even going to get into rates, costs, "hidden
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03/16/2008
Some think it's about to fly againThe laws of supply and demand would suggest fewer sales = less demand, right? Wrong. Why are home values still climbing in a supposed buyer's market?"It's a product of the consistent growth in our market," says Tony Fantis, founder of the Fantis Group. "Many peop
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03/16/2008
Before choosing their Realtor (R)Buyers and Realtors alike should be prepared when entering into one of the most important business realtionships they'll ever have. By knowing the questions to ask (or to answer) buyers and Realtors will be better able to make strong connections that last a lifet
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03/16/2008
Keep it to yourself!I'm no tax expert, and I strongly suggest you get one. Just the other day my CPA shared a golden nugget of info with me regarding investment property income. Are you sitting down?Investment property income is not taxable by FICA and Medicare. How much money can that save th
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03/16/2008
Sell for more in a buyer's marketSome of Salt Lake County's neighborhoods and price ranges aren't performing like a bullet-proof investment. Why not?First, let me suggest that sometimes it's just the market's fault. There is nothing any of us can do to change the market overnight or significant
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03/16/2008
Where did the buyers go?The buyers didn't go anywhere. They're just hibernating.Even though Salt Lake's economy remains one of the strongest in the country, many buyers have opted to play the waiting game. Looking for lower interest rates and lower prices, Salt Lake's buyers are perhaps being o
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03/16/2008
FHA Loan Limits increase in Salt Lake CountyHow does $729,750 sound? Yeah, I fell off my chair, too! That's more than double the old limit. FHA insured loan limits are now $729,750 for Salt Lake County. These loans will be a shot in the arm to the luxury market across the valley, as more peopl
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03/16/2008
