RSS FeedThe differences between Seller Contributions and Seller Concessions
May 4, 2011
One issue that has popped up recently on several files are seller concessions. It is important to understand the difference between a seller contribution and a seller concession.
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Big Changes Coming to FHA Loans Effective April 4th!
February 16, 2011
All FHA 30 year loans that are assigned case numbers on or after 4/4/11 will have an increase in the Monthly MIP from .90bps to 1.15BPS for loans with less than 5% down. For FHA 30 Year loans with greater than 5% down the monthly MIP will increase from .95 to 1.10BPS. (BPS=Basis Point...
Are you considering buying short sale?
January 14, 2011
Every buyer in the market wants to get the best deal. You may want to begin your search for a new home with properties that are on a “short sale”. First, let’s define what a short sale is. A short sale is when the sales price of the home is less than the amount the previous owne...