by kramoltz@hotmail.com | Oct 8, 2018 | Home Buying, Mortgages + Lending
The FHA 203(k) program is a loan product designed to help owner-occupants remodel a home. Available when purchasing or refinancing a home, it wraps the purchase/refinance and rehabilitation costs into a single mortgage. To qualify for the loan, the total value 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 | Jan 4, 2016 | Home Buying, Real Estate Facts & Figures
The share of first-time buyers declined for the third consecutive year according to an annual survey by the National Association of REALTORS. First-time sales remained at their lowest point in nearly 3 decades, and was the 2nd lowest since inception of the study. The...
by kramoltz@hotmail.com | Oct 7, 2015 | Home Buying, Mortgages + Lending
The Federal Housing Administration will insure mortgages in less than 7% of the nation’s condominium developments, according to the New York Times. Condo projects must be certified (pre-approved) by the FHA before their loans can be made there, and due to the...
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...
