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Last Week (January 20, 2010) FHA announced policy changes that will impact home buyers beginning in April, 2010, raising costs associated with FHA loans. [stextbox id=”grey” caption=”Here are some highlights that effect the FHA buyer’s pocketbook:”] FHA Mortgage Insurance Premium (MIP) will increase by 0.5% (50 bps) to 2.25%. This is a front-end loan cost.Â […]
Second only to Foreclosures, Short Sales create a lot of buzz among investors and home buyers looking for the almighty good deal.Â A short sale is a property that is sold for less than is owed on it.Â Pretty simple concept:Â you bought a house for $200,000 in 2004, with 10% down.Â Over the years […]