There are a lot of moving parts when purchasing or selling a home, from documents to inspections to loan docs, there's a lot that happens during the typical 30- to 45-day transaction. To top it off there's a whole set of real ...
The majority of home buyers use financing to purchase a new home. FHA loans are a popular option since the downpayment is low and the qualification criteria can be more forgiving than some conventional loans.
It's important ...
Fannie Mae and Freddie Mac announced in early December conventional loan programs that allow for first-time buyers with good credit to qualify for a fixed rate mortgage with only a 3% down payment. This means that first-time buyers can get a conventional loan with only 3% down instead of the ...
Military service is undeniably challenging. Long deployments, Permanent Change of Stations, stress stemming from what seems like everything, and of course being away from your family for long periods are just some of the rigors of life in the military. Not to mention the financial adversity commonly experienced by service ...
There are many different types of loan programs available for buyers. The Federal Housing Administration (FHA) insures loans made by private lenders (banks or mortgage companies) to eligible buyers. FHA recently reduced the maximum loan limit for Maricopa County. The new limit is ...
A conventional loan is a loan secured by investors that it is not insured by FHA or guaranteed by VA. Conventional loans are often called a non-government sponsored entity (non GSE) loan.
In Maricopa the maximum loan limit for conventional loans is $417,000 ...
VA loans are a no money down program available to eligible American veterans or their surviving spouses. It is a great way for those that have served or are currently serving our country to buy a home. VA ...
Since purchasing a home is usually the largest financial purchase a person makes, the majority of buyers require a loan from a lender to purchase a new home. Understanding the difference ...
Yesterday Congress passed a bill, The American Taxpayer Relief Act of 2012, which extends the Mortgage Forgiveness Debt Relief Act of 2007 through the end of 2013. This legislation also extends several other tax cuts set to expire such as the mortgage insurance deduction on a qualified personal residence.
With ...
