Great article on some of the tax breaks owning a home could possibly provide for you.
Our FHA condo approval specialist Eric Boucher answers this question in one sentence!
This Saturday, February 1st 2014 the Ashford Business Association will be having their 2nd Annual Business EXPO. Gary Stevens from Ferrigno Realtors in Storrs came in to our office to talk about it.
Women! Most of the poll questions showed women to be more knowledgeable when it came to credit. One of the keys things I read was that when asked what a good credit score is, 35 percent of women (versus 29 percent of men) knew what a good score was. That is a very low percentage. In today’s world it is extremely important to Know what a good credit score is, how to check your credit, how to improve your credit, and how it effects your everyday life.
Some of these changes will happen sooner rather than later.
Straight from the CFPB ( Consumer Financial Protection Bureau ) these are the new guidelines that just took effect. One of the main things to remember is number two ,Any loan that meets the product feature requirements and is eligible for purchase, guarantee, or insurance by a GSE, FHA, VA, or USDA is QM regardless of the debt-to-income ratio (this QM category applies for GSE loans as long as the GSEs are in FHFA conservatorship and for federal agency loans until
an agency issues its own QM rules, or January 10, 2021, whichever occurs first).
The good news is they’ve decided to delay any changes to what towns are eligible, the bad news is it’s not permanent. USDA loans are a great way to get 100% financing while also paying minimal PMI. The USDA site lets you see if a property is eligible for a USDA loan by typing in the property address.
Did you know having bad credit can hurt your ability to get a job? It is legal for would-be employers with your permission to look at your credit report and use that as part of the hiring decision. Employers are regulated on the extent that credit reports can be used in the hiring process. If you are denied a job because of a negative report, you must be told about that.
Interested in knowing how else a bad credit score can hurt you?
For the whole story click here!
Great explanation Madhu!
To find out more about FHA condo approvals and how the process works contact Eric at firstname.lastname@example.org or (404)433-4565