Fannie offers to pay closing cost

If you plan to purchase a home in the near future, you might want to speed up the process in order to have 3.5% of your closing cost paid by Fannie Mae.   That’s right, Fannie Mae is trying to decrease their inventory of REOs.  If you close on a HomePath property by June 30, 2011, you’ll be able to save 3.5% of the purchase price in closing cost.   So act now!!!! 

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Tax benefits for homeowners

Home prices declined 3.8% in February compared to last year, however they are up 4.2% from two years ago.  Could this be a sign of our recovery or maybe the double dip is about to happen?   It’s hard to say but it is a great time to purchase a property.  Interest rates are still at all time lows, prices have gone down, there are a lot of properties to choose from, and you still  have some  tax benefits.  When you’re ready, there are a lot of things to consider

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6 reasons to shop around for the best interest rate available!

Everybody has gone shopping for one thing or another so this should apply to mortgage loans too.  By taking the time to shop around for the best rates available, you could be saving thousands of dollars during the life time of the loan.  So it pays to be aware of the cost associated in obtaining a loan.  Not to mention, you will be more confident about affording and purchasing that home that says “buy me”. 

After all, purchasing a property could be the most expensive thing you buy in your life time.  Why not take the plunge now?  With the lowest interest rates ever available and lots of homes to choose from, plus slow economic recovery of the market, this is the best time to do so.

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The best time ever to buy a home

Have you been thinking about when it may be the best time to purchase a property? Well, here’s 5 reasons why you might want to make that big step now. Don’t forget, real estate has cycles. We are now in a buyer’s cycle and it’s the best time to take advantage of the market place. Remember, not too long ago, the last seller’s market? Do you remember when prices went through the roof and properties were selling like hot cakes? Does multiple offers to buy a home and  bidding over the asking price sound familiar? Well, it’s better now. If you can get into a property today, you’ll be able to ride the wave of the next seller’s market.

So how are you going to get the money to take advantage of the opportunity? Unless you have lots of cash to make that purchase, you should see your banker or loan agent to see how much you can borrow. If you need to scrape up some money for a down payment, here’s 7 ways that may help. Good Luck!

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Did you know FHA loans are assumable?

FHA loans have been around for a long time, however, it is more popular these days then ever before. Borrowers can qualify for a loan with as little as 3.5% of the sales price.  Here are some things to know about these types of  loans. With the way the economy is today, these programs can help you.

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Tax credit has been extended

Great news!! Congress has finally approved a extension for those of you who have been in escrow since April 30th.

Things to consider when buying a home

You’re renting now and your lease is about to expire, do you want to stay for another year or do you think you might want to take advantage of the best buying opportunity since 1968? Well before you make a decision to purchase, there are a few things to consider before you start shopping. Once you understand what’s involved, you will feel better about making a decision to pursue the “Great American Dream of Home-ownership”.

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10 reasons to buy now

Even though the federal  tax credit may not make a come back, there are lots of reasons why it is still a great time to purchase a property. 

One of the most important factor that affects most buyers is interest rates.  As the rate gets higher, the amount of money a person can qualify for would be less. Interest rates have been really low historically speaking and with the problems we are facing today, the rates will go back up.  I don’t think interest rates will ever be lower then what they are today.  30 years ago, I thought I would never see rates as low as they are today.  We could see rates as high as 18%, just like it was in 1981, or even more.

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Are you thinking about buying instead of renting?

With all the talk about more foreclosures and short sales coming in record numbers, you might have thought about buying a home instead of renting. There are a few things to consider when you do make the purchase. Although home ownership offers a lot of benefits, (i.e. tax shelter, appreciation, etc.), it may not be a good time for you now.  

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