As its June 30, 2010 closing deadline approaches, the federal home buyer tax credit is back in the news.
Unfortunately, the headlines are misleading.
Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. And here’s...
Highlights of HomePath®
No Appraisal Required
No Mortgage Insurance Required
All occupancy types are eligible
Primary Residence, Second Home, and Investment
Eligible for High Balance Loan Amounts
Unique Attributes to HomePath®
The sales price is used as the property value...
Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high. It’s no wonder home builders are confused.
Against a revised April figure, Housing Starts fell 97,000 units in May, a figure representing almost one-fifth of the total market...
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Both Fannie Mae and Freddie Mac have had their stocks delisted by the NYSE. Both stocks have traded below $1 per share on average for the last 30 days, so the news was expected. Still, the news does not help anyone who still holds the stock. Both stocks will trade on the Over-the-Counter’s...
If you plan to finance your Tacoma home with a conforming interest only mortgage, get your loan application submitted no later than this Friday, June 18.
Starting next week, Fannie Mae is clamping down on the popular loan product.
An “interest only” mortgage is exactly what its name...
