New RESPA Regulations, HUD-1 Effective January 1, 2010 Changes under the Real Estate Settlement Procedures Act provide some improvements to borrowers, making it easier to compare loan terms and committing lenders to stick with their quoted fees. The new Good Faith Estimate (GFE) will be uniformly used by all lenders so that borrowers will be … Continue reading New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers
Available for ANY Home at ALL Income Levels How do you buy a house in need of repair and finance the repairs all at the same time? Most mortgage financing plans provide only permanent financing. That is, the lender will not usually close the loan and release the mortgage proceeds unless the condition and value … Continue reading FHA 203K Renovation Loans: Buy AND Renovate with One Loan!
You’ve heard it before, the three most important attributes of real estate -- 1) Location, 2) location, and 3) location. Real estate is local. In these economic times, some experts will tell you that in your neighborhood or general location now is not the time to sell your home. But selling … Continue reading Selling in a Region that is Experiencing a Challenging Market
Yes, we are handling more of these transactions in our office now than ever before.