The new Homeowner’s Affordability Stimulus Plan (HASP) refinance loan is specifically catered to those borrowers who are current with their mortgage payments, and need 105% financing in order to take advantage of a lower interest rate.
With property values dropping across the nation, this program will come in extremely handy for those who don’t otherwise have [...]
If you currently have an FHA loan and you want a lower mortgage payment, pay attention!
This new loan WILL NOT have:
- an appraisal of any kind
- an appraisal fee
- an up-front fee or application fee of any kind
- an origination fee
- a credit report pulled
- a credit report fee
- a lender fee
- any documentation required [...]
IT’S AN UNBELIEVABLE TIME TO BUY A HOUSE!!! Never before in recorded history have interest rates been low at the same time that home prices have been depressed. There is an amazing amount of inventory. There are awesome government incentives for first time buyers (and some for all buyers in the works – stay tuned).
I’ve [...]
I was talking with an agent in my office yesterday who has several buyers in the $75-$125k price range. She was expressing frustration that she has made up to 10 offers for each buyer and is losing out due to multiple offers and bidding wars. This has been going on for a while on the [...]
57 listings went pending in North Fulton county last week (areas 13 & 14 in fmls). Want to know what it takes to sell in this market? Here are the sellers who won in the last 7 days. These listings are in the best condition and at the right price to attract a buyer in [...]
Sales in San Diego up
http://realtytimes.com/rtpages/20090309_condotrends.htm
There are a handful of states that had notorious real estate bubbles… Nevada, California, Florida, Virginia come to mind. Check this out - according to NAR, here are the states that actually had a positive year to year increase in sales for 4th Quarter 2008
Not predicting any kind of immediate recovery out of this thing, [...]
I’ve definitely noticed an increase in traffic on Realtor.com in the last couple of weeks. It’s springtime, there are buyer incentives & I feel the confidence picking up. We’re not going to get out of this immediately, but these little signs are good news!
Here is a graphic showing weekly hits on one of my real [...]
Some of the big Atlanta builders are buying lots, getting ready to build.
http://atlanta.bizjournals.com/atlanta/stories/2009/03/09/story5.html?ana=e_du
FHA loans are getting to be the best option for more and more borrowers these days. The rates are competitive and it’s really the only option left where you can put down a mere 3.5% on a home. Where an FHA loan used to be an anomoly in my business, it seems every buyer through my [...]
