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first time homebuyer: What have we learned this summer about interest rates? LOCK IN NOW! - 08/17/09 11:01 AM
From early March until May 27th we were enjoying record low interest rates. When I say low, I mean REALLY low. I was writing loans as low as 4.375% 30 yr fixed with ZERO points. Despite all of this, I had clients that refused to lock as they waited for 4% or even lower. Those clients got burned and will likely not make the same mistake again. Take a look at the chart below and you can see just how drastically the market can move in a day

WHERE WE ARE TODAY:
The market has stabilized, while still volitale we … (2 comments)

first time homebuyer: Use your $8,000 First time homebuyer tax credit as my downpayment...sort of. - 05/14/09 10:46 AM
 
**UPDATE** HUD pulled this letter the day after it was issued. Stay tuned for updates
On Tuesday HUD Secretary Shaun Donovan announced that first time home buyers may use the $8,000 first time home buyer tax credit as part or all of their down payment, when they use an FHA insured loan to purchase! We currently have very few details at this time, We do expect further details to be released next week. What I'm reading now, is that FHA will allow first time home buyers access to the tax credit through short term bridge loans,  I assume these LOANS would come due … (0 comments)

first time homebuyer: Be a good American: Buy a home and get free money while supplies last! - 05/01/09 11:58 AM
"I'm a first time home buyer, I'm trying to buy a home soon to take advantage of the first time home buyer $8,000 tax credit" That statement ranks in the top 3 things I hear everyday. 
#1 is "I'm upside down on my mortgage, HELP!"
#2 is "I'm not your maid, put your clothes in the hamper" (I did not say that my top 3 are all business related)
So I digress back to the point of this post. Now is a great time for a first time home owner to buy a home. Prices are low, rates are lower, sellers are paying … (0 comments)

 
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Choice Finance®

Rockville, MD

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Choice Finance Corporation

Address: Rockville, MD

Office Phone: (301) 881-8900

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