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 [...]
Many potential first time home buyers find themselves in similar situations as we enter July 2009. They want to take advantage of the $8000 tax credit for first-time home buyers, purchase while the prices are declining, and know they can afford the payment of the new home. Only one thing stands in their way; cash. While their current rent payment may be just slightly lower than what their housing payment would be, the funds needed for down payment and closing costs are just not available to many people right now. So, how can you purchase a home if you have limited cash available?
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 [...]
When purchasing a home or refinancing your current residence, there are many questions a potential mortgage customer must ask in order to arrive at the best possible option for financing. While many Americans focus on the interest rate or the total estimated funds needed to close when determining their lender of choice, this is not [...]
With the United States involved in one of its worst housing crisis ever, many Americans find themselves wondering how they were misled by their current mortgage lender. Even more importantly, many of the same innocent citizens are wondering what they can do to solve financial issues and who they can trust today. With the newly-elected [...]
At a business meeting earlier this week I was seated beside another guest. Unknown to each other we introduced ourselves. The question that followed was the inevitable: “What do you do for a living?”
He is an attorney in general practice. I explained that I am a Senior Advisor for reverse mortgages. Upon hearing that he [...]
The Benefits of FHA Insured Mortgage Programs We’ve all heard the popular saying “in a perfect world”, well in a perfect mortgage world a mortgage banker would be able to lend a borrower the money they need for a home and would be able to take care of the customer even if their credit [...]
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 [...]
