Great article on some of the tax breaks owning a home could possibly provide for you.
Category Archives: Applying for a Mortgage
What is the difference between a condominium and a townhouse?
Our FHA condo approval specialist Eric Boucher answers this question in one sentence!
14 changes ahead for home mortgages – MSN Real Estate
Some of these changes will happen sooner rather than later.
What is a qualified mortgage? What lenders and realtors need to know.
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).
USDA has decided to delay any changes to the USDA eligible town map
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.
Here is what the proposed map would look like:
10 Ways a Bad Credit Score Can Hurt You
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!
8 Ways Your Home Can Increase Your Happiness (PHOTOS)
What is an FHA “Spot Loan” and Why Can’t I Get One?
Great read on how HUD has changed its guidelines when it comes to condo approvals, and why they did it.
Attorney Eugene Marconi explains the new carbon monoxide detector laws that come into effect JAN 1, 2014
Great information form the Ct Association of Realtors.
CoreLogic Reports 2.5 Million More Residential Properties Return To Positive Equity In Second Quarter Of 2013 – WSJ.com
It’s going to take time but things look to be pointing in the right direction!