Monthly Archives: January 2009
09 JanMortgage Rates at ALL-TIME Lows!!
Rates are incredibly low…how low? Well, I was curious, so I decided to check it out and I figured I would pass on the information I found in my research. I checked out a few websites that provide historic rates, but I figured I would go straight to the source, Freddie Mac to gather my [...]
Read More ...07 JanAre You Eligible for the $7,500 Housing Tax Credit?
Did you know that you may be eligible for a $7,500 tax credit if you purchased your first home (even if you were not a first time home buyer, you may still be eligible – so read on) in 2008 and into 2009? Well, it isn’t exactly a tax credit, but it is a still [...]
Read More ...06 JanWhat is APR or Annual Percentage Rate?
One of the most common incorrectly explained and misunderstood topics within the mortgage business is the definition of APR. I will do my best to unravel the mystery and explain it in a way that is clear and understandable so that next time you ask your lender about APR, you can correct their explanation about [...]
Read More ...02 JanFHA Loan Limits for 2009
Happy New Year everyone!! I have taken a little bit of time off from posting throughout the holidays, but I am back. I hope everyone had a great holiday season and a Happy New Year! I posted a few weeks back about changes to FHA in 2009, but I did not include the change to [...]
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