When negotiating sales concessions on a purchase, be aware that it can affect the down payment amount.
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Posted on 17 June 2009
When negotiating sales concessions on a purchase, be aware that it can affect the down payment amount.
Posted on 29 May 2009
HUD just approved the monetization of the $8,000 first-time home buyers tax credit on FHA loans, making it available to buyers at the time of purchase. Though, a few caveats apply.
Posted on 26 April 2009
It’s time in the buying process to get the condo inspected, but who should you get to do it and can your dad or a friend do it for you.
Posted on 16 February 2009
The $787 billion American Recovery and Reinvestment Act of 2009 revises the first-time homebuyers tax credit.
Posted on 12 February 2009
Effective March 1, 2009, Fannie Mae is implementing condo guideline changes “in light of the current condo market and the need to mitigate risk on condo loans”. Some of these changes may affect a buyer’s ability to obtain conventional condo loans for new and established condos
Posted on 08 February 2009
The median Seattle condo price rose to $335,000 last month, a record high and an 9.84% increase over January of last year. Unfortunately, that was due to high-end unit closings in downtown (MLS area 701) rather than an overall market improvement.
Posted on 25 January 2009
New mortgage fees and restrictions may hinder investment condo opportunities.
Posted on 13 January 2009
Condo loans may get a little more expensive with a new Fannie Mae fee that’ll go into effect as of April 1st.
Posted on 12 January 2009
A number of new condo developments have obtained FHA approval. With FHA approval, buyers can more easily obtain FHA financing for their purchase which provides a low down payment option, more lenient guidelines and higher financial ratios.
Posted on 15 October 2008
With the credit crunch and constricting mortgage availability, FHA loans have recently become more appealing to buyers. Here’s an overview of FHA benefits and requirements.