Posts tagged as:

Home Buying

FHA Mortgages: Payments are Going up

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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Why are rates dropping, and what to do about it

Last week’s jobs report, and the continuing financial woes in Europe, are keeping mortgage rates low in Charlotte and throughout the US. On Friday, after the weak Employment Report, mortgage rates fell to their lowest level on 2010. When rates eventually go back up, it will happen quick.  It could be this weeks $70 Billion [...]

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Should you buy a new house in 2010 or wait a year?

Quick video blog to consider whether you should buy a house now, or wait a year for things to stabilize.

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Homebuyer Tax Credit Update

You are probably aware that the first time home buyer (FTHB) credit of $8,000 ends soon – contracts must be signed by April 30th and close by June 30th.  A few rules that you may not be aware of: For homes purchased after November 6th, single filers with modified adjusted gross income in excess of [...]

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New FHA Loan Changes Give You Three more Reasons to Buy Your First House Now

You know everyone is telling you that now is the best time to buy a house, especially if it is your first house. With the low interest rate, Home Buyer Tax Credit, and lower house prices, people telling you that are probably correct. Image via Wikipedia Here is another reason: The Federal Housing Administration, or [...]

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