Monday, December 28, 2009

Conditions are Optimal for buyers

Inventories have steadily declined which balance home prices, This means buyers still have good choices,add low interest rates. Throw a tax credit on top and it really doesn’t get any better for buyers.Inventories have steadily declined which balance home prices, This means buyers still have good choices,add low interest rates. Throw a tax credit on top and it really doesn’t get any better for buyers.

Monday, December 7, 2009

More Changes to Real Estate Transactions for 2010

Beside the changes to requirements for FHA loans the GFE(Good Faith Estimate)given by the lender will now have all fees broken down even more so the borrower can see exactly what fees they will be paying to close their loans.......

Friday, December 4, 2009

FHA To Tighten Requirements in 2010?

Will FHA tighten underwriting standards on FHA Loans next year by increasing the amount of upfront cash homebuyers must bring to the table, raising minimum FICO scores for new borrowers, and reducing maximum seller concessions from 6 percent to 3percent?