There are 2 blog entries for September 2010.
Thursday, September 9th, 2010 at 10:59am. 617 Views, 0 Comments.
On October 4th, FHA is set to reduce the upfront mortgage insurance premium from 2.5% to 1%.
This will reduce the amount of “equity” that is used up by rolling this charge into the loan. At the same time, there will be an increase in the monthly PMI (private mortgage insurance) for the 30 year fixed rate that is more in line with conventional MI while lowering the PMI and a 15 year loan by more than half.
Currently FHA is still keeping the minimum down payment required at 3.5% on a standard FHA loan. Interest rates on FHA loans continue to remain slightly lower than conventional rates at the same loan to value.
Thanks to Armando SanMiguel at Brand Mortgage
Friday, September 3rd, 2010 at 12:22pm. 796 Views, 0 Comments.
The interesting fact about real estate is that for every home for sale there is a potential buyer out there. The one thing that no one can really allow for is timing of the perfect buyer being available to buy your home when you list it for sale. However, there are a number of things that effect the time your house takes to sell and with the right advice and the best marketing you can minimise the amount of time your home sits on the market.
Nashville Buyers Market
As I'm sure you are aware, the current real estate market in the United States, and most of the world, is still under the effect of the economic slow down and reccession, and one of the major economic indicators that reflect the health of the economy is the real estate market. The buyers…