With foreclosures and short sales dominating the market place right now- more and more offers that customers are submitting to banks are coming back with two options.   The banks are saying you need to go conventional (As-Is) or FHA 203K rehab.   

The FHA 203K Rehab loan is usually the only option for first time home buyerssimply [...]

How often in life is something given away for free. Yes, many advertisements offer items for free, but when one reads the fine print or does further investigation, they quickly realize that nothing is truly being given away. Instead, the word free is just being used to offer incentives to the potential customer. The exception [...]

The amount of information requests regarding the current $8000 tax credit has been plentiful over the last few months. Today, a potential borrower brought to my attention a scenario that should certainly interest a certain sector of the population. The soon to be first-time buyer asked:

As we enter the summer, many questions still remain regarding the $8000 tax credit for first time home buyers. While many queries have been left unanswered, there are a few things that have been made a bit more clear.
1. If there is going to be the ability to use the $8000 tax credit at the [...]

We have been receiving a lot of questions from customers wanting to know more about the $8000 tax credit that was included with the Stimulus bill sometime back.  I figured to hopefully get rid of some of the confusion by posting the most common questions and answers.  If I have missed any questions please feel [...]

Does this make sense? Offering loans to home buyers without making them commit at least some of their own money as down payment?
How about you? Would you loan a complete stranger $500,000 to buy a home without making sure he or she had at least some skin in the game—especially with national home prices falling [...]

Most Americans overpay by thousands when purchasing their homes due to not understanding closing costs as cited by a new report from the Urban Institute. The study found that there are large unsupported variations in extra charges, title fees and other closing costs charged to home buyers, not to mention that minority borrowers pay hundreds [...]