The National Association of Realtors just released its 2017 Profile of Home Buyers and Sellers, and there are lots of interesting tidbits. Letâs explore 10 of them. 88% of Recent Buyers Financed Their Home Purchase First things first, an overwhelming share of recent home buyers used a mortgage to finance their home purchase, as opposed [&hellip
The post 10 Takeaways from the Annual Realtor Survey first appeared on The Truth About Mortgage.
A new bill being floated by Representative Karen Bass (D-Calif.) aims to lower the costs of obtaining an FHA loan, which have surged in recent months. Back in April, the FHAâs upfront mortgage insurance premium increased from 1% to 1.75%. On a $200,000 loan, weâre talking about an increase of $1,500, which certainly isn’t incidental. [&hellip
The post Proposed Bill Lowers FHA Costs for Educated First-Time Buyers first appeared on The Truth About Mortgage.
A new home loan program is being rolled out this July by Freddie Mac, known as âHomeOne Mortgage,â which features a 3% down payment and no income restrictions. While Freddie Mac already offers a similar 3% down program via its Home Possible Advantage loan, this new product doesnât restrict borrower eligibility by income or geography. [&hellip
The post Freddie Mac HomeOne Mortgage: New 3% Down Mortgage with No Income Restrictions first appeared on The Truth About Mortgage.
Since earlier this year we've been talking a lot about the $8000 first time homebuyer tax credit that was passed as a part of the 2009 Economic Stimulus Package. The credit has been available for first time homebuyers since January 1st, and will continue to be available until November 30th. Now that the program is […]
The post Lawmakers Push For An Extension Of The $8000 First Time Homebuyers Tax Credit Into 2010 In Proposed Bill appeared first on Bible Money Matters and was written by Peter Anderson. Copyright Â© Bible Money Matters - please visit biblemoneymatters.com for more great content.
Real estate observers did a double take when a city that once defined the term rust belt came in first...
The post Local Market Outlook: Why First-Time Buyers Love Pittsburgh appeared first on Homes.com.
Owning your own home is part of the American dream. But it takes more than just dreaming to buy and maintain a home. Before you take the plunge, here are some things to ask yourself. Does it make sense to buy? Buying instead of renting needs to make sense financially. To help you decide, play […]
The post Homeownership 101: Are You Ready? appeared first on Home Buyers Guide.
You may be a first-time home buyer and not even know it. That's because in the world of real estate, “first time” really means “first time in a while.” Most programs aimed at helping first-time home buyers define that as someone who hasn't owned a home in the last three years. That's the good news. […]
The post 'First-Time Buyer' Loan Programs Can Be Tricky appeared first on Home Buyers Guide.
Do you really need 20% of your own money to put down on a house? Of course not. Yet that myth and several others continue to keep many would-be homeowners on the sidelines in one of the most favorable mortgage rate environments in decades. Hereâs the truth.
The post Don’t Let Homebuying Myths Stop You From Becoming a Homeowner appeared first on Homes.com.