February 8, 2010
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Down Payment or Invest?
By Scott in Common Questions, FHA, Mortgage InsuranceIf you could pay for a home with cash without getting mortgage financing, would you? Should you? That decision is both an emotional one and a financial one. Let’s look at a recent example…
We received a call from a potential customer, referred to us by a real estate agent we work with, who was looking [...]
Tags: down payment, Mortgage Insurance, Strategies
February 5, 2010
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Why Buy Now?
By Marla in Assistance, Big Changes, FHA, Special Programs, TaxesWe generally write about specific programs, changes and situations, but I want to recap some of the thingsI feel are important to consider in today’s market. Let’s look at the reasons to buy now.
Long term mortgage rates are at 20-30 year lows
According to Freddie Mac, in a press release yesterday, the average rate on a 30-year fixed mortgage was [...]
Tags: Assistance, Fannie Mae, FHA, HomePath
February 1, 2010
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Fannie Mae Announces 3.5% Seller Assistance
By Marla in Assistance, Special ProgramsFannie Mae released the news on January 28, 2010 that they are offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on the HomePath website that are closed within this period may receive up to 3.5% of the [...]
Tags: Appliances, Assistance, Closing Costs, Fannie Mae, Financial Assistance, HomePath, Incentive
