Menu

Blog

Archive for 2013

realtor.com: Top 5 New Year's Resolutions for Long-Term Renters

December 31st, 2013 by

By Around the Web When landlords have great tenants, they are more likely to renew leases and limit rent increases. Stacy Brown, operations manager for Real Property Management, has four golden rules for building a great relationshi... [ Read More ]

CFPB adjusts HMDA data collection and TILA mortgage escrow thresholds

December 31st, 2013 by

By Around the Web Barbara S. Mishkin In notices published in yesterday’s Federal Register, the CFPB adjusted the thresholds of the asset-size exemptions for collecting HMDA data and establishing an escrow account for certain m... [ Read More ]

All-time-high house prices in 10 of top 50 metro areas

December 30th, 2013 by

By Around the Web Home prices have zipped back into record territory in a handful of American cities, a milestone that comes seven years after the housing bust ravaged the market and the broader economy....( [ Read More ]

November Las Vegas Home Sales Press Release

December 30th, 2013 by

By Around the Web Las Vegas Region November Home Sales Las Vegas-area home sales fell last month to the lowest level for a November in five years, the result of a constrained supply of homes for sale, waning affordability and the on... [ Read More ]

The biggest small-business stories of 2013

December 30th, 2013 by

By Around the Web It was a roller coaster ride for small-business owners this year. In Washington, during a year often defined more by what didn't get accomplished than what did, there were still some high points for entrepreneurs. ... [ Read More ]

Homebuyer Speed Holds Steady in November With 27 Percent of Homes Selling in Two Weeks or Less

December 30th, 2013 by

By Around the Web Market speed remained stable for the third consecutive month in November. Read More The post Homebuyer Speed Holds Steady in November With 27 Percent of Homes Selling in Two Weeks or Less appeared first on Red... [ Read More ]

The Wind Down of TARP is Almost Complete

December 30th, 2013 by

By Around the Web The U.S. Treasury Department made significant progress towards completing the wind down of the Troubled Asset Relief Program (TARP) in 2013. Treasury fully exited the taxpayers' investment in General Motors (GM), ... [ Read More ]

Home Buying 101

December 6th, 2013 by

Buying a home and getting the home you want is more than just looking at houses from the outside and saying "Honey, I want that house, let's buy it this month."  Though this is the dream that we all have of seeing the home we wish for, putting in an offer and closing a few days later, this reality exists only for the small percentage of individuals.Experienced and well versed sellers and list... [ Read More ]

FHA Down Payment Rules

November 29th, 2013 by

One commonly asked question is, "How much is needed for a down payment to buy a house?"For FHA loans, it's 3.5%  For conventional, it's 5%.  There are exceptions the rule.  Some being, VA loans, zero down, but you must be a veteran of the military.  There are some houses that are available for $100 down (HUD Homes), but there are very few of these houses and not many buyers succeed at gett... [ Read More ]

Down Payment requirements, Government vs conventional loans

November 24th, 2013 by

A commonly asked question by many that don't have 20% for a down payment is, "How much is needed for a down payment to buy a house and what is better, FHA, VA or a conventional loan?" Before you can just throw out a price quote and say you are going to get a conventional loan, there are many reasons an applicant can be denied financing for a conventional loan or a government product (FHA, USDA or ... [ Read More ]

Low down payment conventional loan options

October 25th, 2013 by

Many families are ready to buy a house right now but there's one common thread with many of the buyers, they have less than 20% for their down payment to buy a home. Every family wants to have the lowest monthly payment as well as preserve funds for finishing a basement, a yard or to invest the savings into something else.The stumbling block for many families is having to put 20% down as well ... [ Read More ]

Seller concession, FHA vs. Conventional

October 14th, 2013 by

When buying and selling a home, one of the big motivating factors a buyer will buy one house over another is based on seller concessions. In simplistic terms, seller concessions is the seller contributing money that the seller would receive and crediting those funds back to the buyer to assist in paying for closing costs. This is a very big motivating factor for many first time home buyers

FHA Streamline Refinance, Ogden, Salt Lake City, Provo, Logan, Cedar City, St George, Utah

October 14th, 2013 by

If you or someone you know has an FHA loan and has not refinanced to lower your payments yet, then this is for you.Checklines of Documents when refinancing an FHA Streamline loanDid you know that thousands of home owners who have FHA home loans have utilized the FHA streamline refinance to lower their interest rate. Did you know that they also do this without paying huge mortgage [ Read More ]

6 consequences of the Federal Reserve’s rule on loan officer compensation

October 14th, 2013 by

6 consequences of the Federal Reserve's rule on loan officer compensation - Positive or Negative impacts for the consumer, hmmmm. Here's the real world street facts.The Federal Reserve's rules limiting independent loan originatior's compensation (but not the compensation of big banks) are already hurting the consumer in these six critical areas:The loan officer can not lower their

Loan Programs today!

October 14th, 2013 by

CONVENTIONAL MORTGAGESThis program is a fully amortizing offers 30, 25, 20, 15 or 10 year fixed rate mortgage and competitive ARM products with full documentation of income and assets. Interest only option loans are available for the first 10 years on a 30-year term mortgage.For owner occupied homes, getting cash out refinance is allowable up to 85% of the appraised value after having