June 28th, 2010
Remember that the original deadline for closing a home purchase to get the tax credit was June 30 for purchases in contract by April 30. While Congress is considering extending this closing deadline until September 30, it isn't law yet, and there are as many as 200,000 purchasers threatened with loss of the credit because [...]
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June 25th, 2010
There is a lot of interesting news concerning mortgage interest rates and home sales. While the end of the tax credits on April 30th was considered by many to be the beginning of a slowdown in home sales, many areas are still reporting new contracts and increased interest from buyers.
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June 23rd, 2010
Congress is in the process of passing a law to stop lenders from making any more “no-doc” or “stated income” loans in the future. While some experts consider new laws over-reaction, others state that these type of loans were significant in the housing market and mortgage collapse.
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June 21st, 2010
At a time when lending is tight, and it’s more difficult to get a mortgage than it has been in the last 10 years, it is important to safeguard your credit score. As your credit score is a major factor in the interest rate you’ll be able to get on a mortgage, keep an eye [...]
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June 17th, 2010
While home prices have been generally down across the country, there are always areas, and even neighborhoods, where prices drop less, and rise faster than in others. Historically, these areas seem to always be in-demand, with a waiting list of buyers. And, there are usually buyers waiting for the smallest or least desirable home in [...]
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