ARCHIVED BLOG POSTS
2012
As we have written about in the past, the HARP refinance program is one of the only government initiated programs that has actually worked for many homeowners to refinance their mortgages, if they owe more than their homes are worth. HARP 2.0, which came out last year, expanded the program to...
12/20/2012
More and more in today’s market place we are seeing homes that were recently purchased by an investor, fixed up a little bit and put right back on to the market for re-sale. These homes are considered to be “flipped” properties and there have been various lending rules in recent years when it ...
12/20/2012
One question that we seem to be asked more and more is in regard to the waiting period that one must wait after foreclosure or short sale to purchase a new home. And the answer is, “it depends.” In reality there are a lot of factors that go into qualifying for a new home loan, whether it be to ...
12/20/2012
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As we move into the 2013 year in the mortgage and real estate markets, it has already been noted, that 2013 has the making of what appears to be the second positive year in a row in the housing market. In that regard, housing inventories are expected to continue to slowly diminish and housing p...
12/20/2012
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FHA Home loans will have new changes going into effect on January 1st, 2013. Recently, HUD, which oversees the FHA announced their latest budget numbers and announced a slew of new methods they will use to try make the agency’s finances more balanced. Specifically, here are the two most importa...
12/03/2012
The 2013 Calendar year is right around the corner and all home mortgage loan limits are set to remain constant for the 2013 fiscal year. Conventional loan limits, those loans backed by Fannie Mae and Freddie Mac will remain at $417,000. With any loan above this level remaining a Jumbo loan. ...
12/03/2012
Rainmaker
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