4/21/2008 10:50:00 AM
New Postal price from May 12th
Yes, starting May 12th USPS is increasing the postal prices by 1 penny for first class postage. But the news is not that bad, first time USPS pricing includes commercial volume, contract prices, rebates, online price reductiosn and other new incentives. "These ...
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3/25/2008 10:44:00 AM
Not all Condominiums are FHA Approved or Approvable!
Many of you might be thinking of purchasing a condominium which fit into the FHA mold (great for 1st time buyers / priced under 440K) and need the FHA program - (down payments < 5% or 10%, marginal credit) It is very important that you find out if the condominium ...
Views: 110
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3/17/2008 8:26:00 PM
Renting Better Than a Vacant Home
If a house doesn’t sell, owners should consider renting – and hiring a real estate professional to manage the property. Property management company will screen your tenants and you do have a final approval about your tenant. Renting out a house ...
Views: 82
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3/12/2008 12:30:00 PM
5 Most Dangerous Hazards in a Home
Home owners beware: Several dangers may lurk in a home. If you’re not careful, they could make you sick. Pillar to Post, a home inspection company, reviews how to spot these dangers in the home and encourages you to contact a home inspector if your home ...
Views: 118
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3/10/2008 7:13:00 AM
New Appraisal Rules for Freddie, Fannie
Fannie Mae and Freddie Mac have reached an agreement with New York Attorney General Andrew Cuomo that requires them to have independent appraisals of home values. Under the agreement, home appraisals have to come from assessors who don’t have formal ...
Views: 82
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3/6/2008 9:06:00 PM
Northern Virginia New Conforming/FHA Loan Limits
Yes another great news!!! Fannie Mae, Freddie Mac and FHA have all adopted these new maximum loan limitations. If you have limited equity or a jumbo loan, refinance now and save thousands of dollars! If you are purchasing a property over $417,000, this year ...
Views: 85
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3/6/2008 12:16:00 PM
New FHA Loan Limits!!!!
HUD and FHA announced their new max loan limits this morning (March 6th 2008). In almost all of the Washington Metro area our new loan limit is $729,750 (up from $362,250). This is our max FHA loan limit and is good through the end of 2008 when Congress will ...
Views: 73
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3/3/2008 2:03:00 PM
Grantor's Tax - Update on Refunds
Given the Virginia Supreme Court’s finding that the Northern Virginia Transportation Authority (NVTA) cannot impose taxes, we will all be receiving questions about the additional grantor's taxes that have been paid to the Authority. Northern Virginia ...
Views: 137
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2/15/2008 8:31:00 PM
Are Extra Monthly Mortgage Payments OK?
Getting a windfall and using it to pay off the mortgage sounds like it should reduce the monthly amount owed, but often it doesn’t. Fixed-rate mortgage holders who pay off a big chunk of their mortgage are likely to shorten the payoff period, but the ...
Views: 68
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2/15/2008 8:14:00 PM
10 Best Places for House Bargains
The best place to get a bargain on a home is an area where there is healthy job growth and more houses available than people to buy them. These are markets “where you have high inventories but pliable borrowers, with lenders willing to deal,” says ...
Views: 87
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