Buying your first home can be a very intimidating life event. However, there are things you can do to make it less nerve racking and more of what it should be…fun and exciting. The best way to eliminate fear is through education, so obviously the first step is already being...
Tag: mortgage loans
How The Government Shutdown Will Effect Real Estate
With Congress unable to come to a resolution regarding the budget, and “shutting down” for the time being, the effects will be widespread throughout our economy. How will it effect the real estate market? Realtor.org has a page dedicated to this issue, and is keeping it updated as more information...
The SAVE Act: Qualify for Larger Loan or Better Rate with Energy Efficient Home
Most of you already know that homeowners can get a tax break when making their homes more energy efficient, but did you know that the possibility exists for you to qualify for a larger loan or a better interest rate if the home you’re purchasing is deemed energy efficient? A...
Fannie Mae and Freddie Mac To Be Discontinued?
President Obama has urged, in essence, the shutting down of Fannie Mae and Freddie Mac backed securities, which includes the traditional 30-year insured loan. He gave a speech at the beginning of August with his ideas on how to go about doing this and why. AgBeat, a highly respected and...
Get An Additional 5% On Your Mortgage to Finance Energy Efficient Improvements
Its been around for a few years, but rarely used… the Energy Efficient Mortgage. You can add this to a VA or FHA loan (including the 203K, which we’ve blogged about before), and use it for both home purchases and refinances. Capped at $8,000 for FHA loans and $6,000 for...
Home Affordable Refinance Program (HARP) Gets An Update
Back in 2009, the Home Affordable Refinance Program (otherwise known as HARP) was born. This is a government-run program that allows home owners with Fannie Mae or Freddie Mac loans to refinance at a lower interest rate, even if their home is way under valued. HARP recently got a face-lift....