FHA loans are a great way for some home buyers to get into a property with a low down payment, a good rate, and a higher debt to income ratio. The FHA loan program will be changing on April 1st, 2013 and June 3rd, 2013. On all FHA loans with case … [Continue reading]
Defined: Short Sales
[tagline_box link="" title="Short Sale" description="A short sale is when a home owner sales their property and the proceeds from the sale will be less than what is owed on the mortgage currently on the property. The home owner can not make … [Continue reading]
Are You Grown Up Enough To Buy A House
You're getting the itch to buy a home. You might have come to this decision based on any number of reasons... all your friends and co-workers are buying homes, your parents are telling you to buy your own place, or you might be thinking of starting … [Continue reading]
MPR Video: Why It’s Important To Determine Your Home Buying Budget
Want to start your home buying journey on the wrong foot? I didn't think so. Then before you even consider looking at homes, you need to figure out how much you can afford to spend on the purchase. This video outlines why you need to figure out … [Continue reading]
MPR Video: Making Offers On Short Sales
Short sales are an unfortunate part of today's real estate environment. It probably will continue to be for the foreseeable future. A few years ago we created this video outlining some of the pitfalls and things to consider when making an offer on … [Continue reading]
2013 FHA Changes You Need To Know
The Federal Housing Administration (FHA) is facing the same fiscal crunch most government agencies are facing. As a result, they are going to make a few changes to their programs. If you plan on getting a FHA loan in 2013, you need to be aware of … [Continue reading]
Factor Commuting Costs When Buying A Home
There is a great article in the New York Times that talks about the impact of commuting costs when purchasing a home. What struck me from the article was that the impact of commuting costs was greater for moderate-income households. The article … [Continue reading]
Documents List For Loan Application
The journey to buy a home is long, and is comprised of many smaller journeys. One of those journeys is the process of getting a loan. Usually, the process starts with applying for a loan directly through a bank or a mortgage broker. To get the ball … [Continue reading]