home financing: Those Who Wait Will Pay Thousands More This Spring
- 03/16/10 06:40 AM
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.Here are a few … (1 comments)
home financing: Annual Percentage Rate: What is the Real Cost of Financing
- 07/30/08 08:47 AM
Annual Percentage Rate (APR) is a tool that consumers can use as a starting point to compare loan programs. However, it's important to keep in mind that APR is not a perfect system, and not all lenders calculate APR in the same way. While the Federal Truth-in-Lending Act does require any mortgage broker, banker or lender to disclose APR to the consumer, there is no rule written in stone for calculating this number that each and every lender agrees upon. The point of calculating APR is to let the consumer know what the actual cost of their financing is in the form … (1 comments)
home financing: First-Time Home Buyers FAQs
- 07/29/08 03:15 PM
Buying a home is one the biggest financial decisions most people will make in their entire lives, so it's only natural to have questions about the process, especially for first-time home buyers. That's why I've put together a First-Time Home Buyer's Kit. The free kit includes our Home Buyer's Handbook, a 16-page booklet and glossary designed to provide answers to the more basic questions about buying a home; and audio CD called Home Buying 101, a unique 60-minute interview that answers the top 20 most important questions every first-time home buyer needs to know. Click Here to request your free First-Time Home Buyer … (1 comments)
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.Here are a few … (1 comments)
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