When can I buy a new home?
The calls are coming in from former short sale homeowners that now want to reenter the housing market. The rumor that FHA will finance homes immediately after a short sale is as likely as Lindsay Lohan staying out of jail. FHA Mortgagee Letter 09-52, is very specific on their guidelines (I know, it shocked me, too, a government mandate that is clear and concise).
It’s official. Our government is slowing killing the Arizona housing market.
President Obama torpedoed the already distressed home financing industry by announcing the gradual raising of down payments to a minimum of 10% on conventional loans. He touted a 2009 survey by the Federal Reserve Bank of St. Louis that reported…
Question: What is the Truth In Lending Statement?
Answer: In our office it is also called the “Oh, my goodness statement!”
Regulation Z or The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to protect consumers in credit transactions, by requiring clear disclosure of key terms of the lending arrangement and all costs.
Most of us begin the day with our favorite morning beverage and tune in to our very own live-in horror story: The U. S. Economy.
Phoenix has withstood additional blows with negative press, but all in all 2010 showed small signs of recovery for our great state.
2011 will be even better. The top ten reasons Phoenix will have a prosperous 2011:
Question: I have and am putting 20% down on the purchase of my new home. Why can’t I get the rates that I see on-line? Answer: Well, maybe if you had taken better care of your credit we wouldn’t be having this conversation now would we? Just kidding. Sort of. In today’s lending landscape Fannie Mae and Freddie Mac are
