lending: FHA 3.5% down payment in jeopardy?
- 12/04/09 10:55 AM
The Los Angeles Times ran an article yesterday reporting that the Federal Housing Authority backed loans, which have become increasingly important in getting the real estate market moving again, may soon begin requiring more cash from buyers up front the the current 3.5% buyers pay as a down payment. This could certainly spell bad news for many buyers, as well as for sellers looking to get their properties moved, and the market in general. From what I can glean from the article, it doesn't seem especially likely that it's going to happen anytime soon. That said, as buyers continue to default … (1 comments)
lending: "if anything goes awry, these dominoes fall very fast...."
- 03/27/08 04:40 AM
A lot of clients and friends are asking me questions about the current "credit crisis," as it's been dubbed (and subsequently hyped) by the media. This is a great article from The New York Times that really breaks it down into laymans terms and makes it easy to understand exactly what's going on out there. It's a quick read and will tell you how we got where we are... Can't Grasp The Credit Crisis? Join The Club. Raise your hand if you don't quite understand this whole financial crisis. It has been going on for seven months now, and many people probably feel as if they … (0 comments)
lending: what the h*#@ is going ON??
- 03/20/08 04:50 AM
Well first I want to say thank you for the wonderful welcome notes I got from other Active Rain members. That was awesome. All just for announcing my presence! I can't wait to see what happens when I actually post something worthwhile! But seriously folks... Yesterday has to have been one of my most frustrating and stressful days in real estate. I was supposed to close on a condo yesterday for first time buyers I'm working with. They have excellent credit scores, are going full doc on their loan, and have excellent reserves. The rub is, they were buying the property with 5% … (0 comments)
A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door. And the way you can instantly envision your life unfolding there.
This is about more than real estate. It is about your life and your dreams.
The Los Angeles Times ran an article yesterday reporting that the Federal Housing Authority backed loans, which have become increasingly important in getting the real estate market moving again, may soon begin requiring more cash from buyers up front the the current 3.5% buyers pay as a down payment. This could certainly spell bad news for many buyers, as well as for sellers looking to get their properties moved, and the market in general. From what I can glean from the article, it doesn't seem especially likely that it's going to happen anytime soon. That said, as buyers continue to default … (1 comments)
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