by Mike Butler | May 20, 2012 | Brokers, Financing Loans, Home Owners, Q & A, RE Services, Realtors
The Federal government has recently changed its guidelines on refinancing. Homeowners who are “underwater” in regards to value in their homes can now also take advantage some of the lowest rates in 60 years, regardless of your appraised value or loan amount. The...
by Mike Butler | Jan 30, 2012 | Brokers, Buying, Financing Loans, Foreclosures, Home Owners, Investors, Legal Action, RE Attorneys, RE Business, RE Services, Realtors
Freddie Mac has invested billions of dollars betting that U.S. homeowners won’t be able to refinance their mortgages at today’s lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.January 30, 2012Freddie...
by Mike Butler | Dec 12, 2011 | Brokers, Buying, Credit Repair, Home Owners, Landlording, Marketing, RE Attorneys, RE Business, RE Services, Realtors, Retailers, Title Companies
December 12th, 2011The FHA has established minimum credit score requirements in order to be eligible for FHA financing.The FHA guidelines specifically exclude from eligibility any borrower with a FICO score below 500. Theoretically, any borrower with a credit score...
by Mike Butler | Dec 4, 2011 | Brokers, Buying, Home Owners, Investors, RE Attorneys, RE Business, Realtors, Title Companies
WITH most lenders requiring home buyers to put down at least 20 percent — and sometimes, with more expensive properties, an even greater amount — the best gift some people might receive would be help with the down payment. Under federal tax law, each individual is...
by Mike Butler | Oct 22, 2011 | Brokers, Buying, Financing Loans, Home Owners, Insurance, RE Attorneys, RE Services, Realtors, Retailers
The Senate on Thursday backed a measure to help bolster the housing market by making it easier for people to afford a home in wealthier neighborhoods.The Senate voted 60-38 to attach the proposal to a spending bill that the chamber will consider later this year. It...
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