Good News: Home Buyer Tax Credit Extended

If you haven’t already heard, Congress has extended and expanded the home buyer tax credit. This means extra time for those of you who weren’t able to close by the original December 1, 2009 deadline, and an added credit if you’re a current homeowner looking to purchase. Why is this such good news? Because there [...]

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Is a Condo the Choice for You?

While you may have already found the perfect condo for you and your family, you still want to explorer the possibilities of this purchase before you sign on the dotted line. Many people planning to purchase a new home forget to do their homework and either end up with less home for their money or [...]

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Are You Eligible for a VA Mortgage?

If you or your spouse is a veteran, getting a VA mortgage is a great option to know more about, and it guarantees the lender 25% of the home loan (up to $104,250 of a maximum loan of $417,000) if you default. This guarantee makes it easier for you to find attractive financing with no [...]

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Experience Homeownership with an FHA Loan

Purchasing a home loan is not always an easy feat, and people with lower incomes, including first-time homebuyers, often have a hard time getting approved for a home loan. So what are the options? For individuals who need a little extra help, an FHA loan might be the answer you are looking for. Where do [...]

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What Should a Good Loan Officer Do For You?

So, you want to purchase a home and need to decide on a loan officer to help you through the loan process, but you’re not quite sure what to expect. Well, overall a good loan officer should act as your liaison during the entire loan search, application, and approval process. Typically they will conduct and [...]

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Catching and Understanding Closing Costs

So you have selected a house, and now you are getting down to the nitty-gritty on what it will really cost you to get into it. Your lender is required by law to give you a “Good Faith Estimate” of your closing cost expenses along with a booklet from RESPA, outlining “closing” or “settlement” fees. [...]

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Interested in a Fixed Rate Mortgage

Does the idea of a mortgage with a fixed interest rate sound appealing? After watching interest rates go up and down unexpectedly, lots of home buyers think searching and locking into the best fixed rate mortgage is the way to go. But just as important is a thorough understanding of fixed-rate mortgages and what it [...]

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