by kramoltz@hotmail.com | Dec 30, 2022 | Home Buying, Real Estate Facts & Figures
Four of five consumers describe buying conditions for homes as bad, a record in data going back to 1978, according to the University of Michigan’s consumer sentiment survey for November. The erosion in perceived buying conditions is at the highest level in 40...
by kramoltz@hotmail.com | Mar 7, 2017 | Home Buying, Home Ownership, Mortgages + Lending
Fannie Mae announced HomeStyle Energy mortgage program last year, to help borrowers finance energy and water upgrades to make their home more energy efficient when buying or refinancing a home. The loan makes buyer-owners eligible to receive up to 15% of the...
by kramoltz@hotmail.com | Jan 7, 2016 | Mortgages + Lending
Myth # 1: You won’t be approved. The requirements to buy a home may not be a tight as you think they are. Some terms have been relaxed. Talk to a reputable loan officer before ruling yourself out. Myth # 2: Talking to a lender can wait. Don’t leave talking to a...
by kramoltz@hotmail.com | Jun 5, 2015 | Home Buying, Mortgages + Lending
Fannie Mae announced the HomePath Ready Buyer Program, that allows first-time home buyers of its properties to receive up to 3% of the purchase price in closing cost assistance. On a $150,000 priced home, buyers could receive up to $4,500 in closing cost savings....
by kramoltz@hotmail.com | Feb 28, 2015 | Mortgages + Lending
Rumblings from the loan industry are that loans could be much harder to get in the future. Restrictions are being imposed upon government related loans, which are big part of current financing. Nationally, Fannie Mae, Freddie Mac, and the Federal Housing...
