At implementation of the Dodd-Frank Act in 2010, shortly after the collapse of the Real Estate market, condominium owners watched the value of their investment plummet. FHA financing would no longer be available for vast numbers of condominium complexes, severely limiting a condo owners opportunity to sell their home. Home Buyers looking for affordable choices… Read More
Mortgage Guidelines
New Home or Pre-Owned, Cash or Financed, Do You Need Title Insurance?
Home buyers are frequently surprised to learn that they need to have a title insurance policy in place in order to close on their home loan. In fact, if you’re using a mortgage to buy your home, a lender’s title insurance policy will be required. In addition to protecting the mortgage company, home buyers should… Read More
Video: Less Rigid Mortgage Guidelines? It’s about time!
I’ve noticed a slight loosening in Mortgage regulations lately. Several lenders I have worked with or am acquainted with, have been telling me about programs with lower credit score requirements and even smaller down payment options. This video explains a bit of what’s been going on. Additional Resources for Home Buyers A Heads Up… Read More