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home buying: FHA Hikes Fees on Mortgages - much more money to get it - 04/09/12 01:48 PM
FHA Hikes Fees on Mortgages
Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees, the agency announced Monday. 
The agency is raising its fees in an effort to try to recoup some of its depleted reserves*, which suffered from the rising number of home owners who defaulted on their mortgages. The agency also says it’s raising fees to try to encourage the return of more private capital to the market. 
FHA loans allow for smaller down payments, as low as 3.5 percent compared to traditional loans, and they often have less stringent credit … (0 comments)

home buying: 4 Tips to Determine How Much Mortgage You Can Afford - 01/07/11 07:13 PM
4 Tips to Determine How Much Mortgage You Can Afford By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget.
1. The general rule of mortgage affordability As a rule of thumb, you can typically afford a home priced two to three times your gross income. If you earn $100,000, you can typically afford a home between $200,000 and $300,000.To understand how that rule applies to your particular financial situation, prepare a family budget and list all the costs of homeownership, like property taxes, insurance, maintenance, utilities, and community association fees, if … (2 comments)

home buying: 7 Tips for Coming Up with Down Payment Money - 08/01/10 10:47 PM
Zero down loans are (almost) entirely a thing of the past. While many wanna-be buyers are tucking their down payment pennies away, many of these folks feel that they’re missing out on deals in the meantime!Here are my top 7 tips for coming up with those critical down payment funds:Know how much you need to save. We all know that to reach a goal, you have to set a clear target. So, first things first: figure out exactly how much of a down payment you actually need. If you have a credit score of at least 620, you may be able … (13 comments)

home buying: Top 10 Reasons to Live in Yukon, Oklahoma - 07/29/09 01:45 PM

 
YUKON, OKLAHOMA - OKLAHOMA CITY'S SUBURBIA ...
and one of the best cities to live in, move to or relocate to ...
 
TOP 10 REASONS TO LIVE IN YUKON, OKLAHOMA
 
10.Fastest growing city in Oklahoma City area with a population of about 25,000 ...
9. All the roads lead to Yukon! Hwy I-40, Hwy 66, Hwy 92, Hwy 4, Kilpatrick Turnpike ...
8. Family oriented - shopping, restaurants, entertainment, parks & recreation, Lake Overholser ...
7. Premier medical facilities including Canadian Valley Regional Hospital (rated in top 100 in the nation) ...
6. Five Star Rated … (5 comments)

 

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