FHA loans have always been a great way for a young (just beginning) family to get into home ownership. They require less down payments, have lower requirements for income and other qualifications. They are generally guaranteed by the government. However, … Continue reading
Some time back, in an effort to protect the public from predatory practices the FHA laid out some very strict rules regarding how investors could, or could NOT, use federally insured loans to finance their business. Flipping is the general … Continue reading
As you faithful readers know, Encore Real Estate Services has assembled a team to help distressed homeowners (and now in two cases co-signers) who are having trouble making their mortgage payments. That team, the Home Rescue Group has had very … Continue reading
Many, many loans are out there that have set to an interest rate much higher than what is currently available today. While a lower interest rate can save thousands of dollars a year (we’ll get into the numbers later) many … Continue reading
To many it comes as no big surprise that things have not been working in the loan modification department. The supply of hoops that one must jump through seem endless. Homes often are foreclosed upon during the process. The stories … Continue reading
Consumer borrowing and credit has become a major issue in the United States. While this is hardly news to most, this fact may be. Most home purchases within the last year have resulted in the borrower paying out more than … Continue reading
Can you believe it? Interest rates were below 5% and are DROPPING! Zero down loans, bargain loan rates, low selling prices, large inventory to choose from… Could there be a better time to buy? The 10 Year Treasury Note has dropped … Continue reading
It is an all-too-common problem today. A buyer would like to purchase your home but they can’t get a loan through the conventional avenues. Maybe a temporary job loss or reduction has put them behind in payments. Or even worse … Continue reading
If you buy into what some reports are saying this would appear to be the case. At first glance this might look to be the sensible thing to do. After all the bad press the housing market has gotten of … Continue reading
We know that everyone reading this blog has already filed their taxes, right? Not everyone? The good news is that the government has given us an extra couple of days by taking a day of. The bad news? Only that today … Continue reading