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New FHA Rules

by on February 5, 2010

 Subscribe The FHA has come up with some new rules when it comes to their loans.  Beginning April 2010, the up front mortgage insurance will increase from 1.75% to 2.25% There will be no more spot appraisals.  So it will be harder to get an approval on a condo.  This is a big one.  Effective for [...]

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Housing Market and Economy Seems to be Stabilizing

by on November 30, 2009

Subscribe In the last year with the help of the tax credit, there has been a rise in first time home buyers. The National Association of Realtors says the percentage of first time buyer is up to 47% in 2009 compared to 41% in 2008 and 36% in 2006. The unemployment rate is close to [...]

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Bad Economy, Tough Times for Everyone, and People will Try to Scam.

by on November 2, 2009

  when the economy gets bad and people get desperate, some people have no scruples and will try to scam any way they can. If you are trying to get a mortgage, beware of online scams who are trying to just get your information so they can steal your identity and ruin your credit and [...]

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