Financing

May 29, 2009

$8000 means a whole lot more now

Unconfirmed rumors have been circulating for a few weeks now … but today it’s a fact:  the Federal Housing Administration will now allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. FHA will now permit its […]
May 27, 2009

The I word

Investment?  Income?  Interest? Actually, INFLATION.  The dirty little word, just there alongside Recession.   With the Fed now pouring money into the US economy by expanding its balance sheet to more than $2 trillion in order to stimulate the economy, there’s […]
February 18, 2009

Who are you?

How is a “first time home buyer” defined???   That question, plus more about deadlines and definitions, answered here:  The highlights: 1.  Conventional Conforming Loans up to $417,000 can now be financed up to a Loan-To-Value of 95%.  (This is up […]
February 13, 2009

Stay tuned …. more on the free money for First Time Home Buyers in Arlington

If you’re even thinking about buying your first home … if it’s just a glimmer in your eye … you should know about this.  In the hotly debated Economic Stimulus Bill, there is a provision for a Refundable First-time Home […]
December 4, 2008

Money For Nothing: 4.5% interest rate!?!

By now you’ve probably heard the news, or is it just that I’m so tuned in to the world of mortgage finance these days?  In case you’ve missed it, the U.S. Treasury is considering a plan to buy securities that […]
November 7, 2008

417 is No Longer the Magic Number

The conforming loan limits have been annonced for 2009.  In our Washington DC market, the new limits will be $625,500.  This area has been designated a high-cost area and has the highest limit possible.  As you may know, the temporary loan limits that […]
August 5, 2008

Down Payment Assistance Programs

The New Housing Reform Act photo courtesy of Storm Crypt Just One Part of the Complicated Legislation With the constant changes in the world of home mortgage financing, and the upcoming passage of the Housing Reform Act, there is a […]
July 27, 2008

The Big News (ho hum)

In one way or another, I’m sure you’ve been hearing about the Housing Relief Bill that Congress passed yesterday. There are three major parts to it Foreclosure prevention – starting Oct. 1 the FHA will be able to insure up […]
July 19, 2008

Looking for a creative way to help pay the mortgage?

Arlington County Board Approves Accessory Dwellings The Arlington County Board today approved changes in the Zoning Ordinance that will allow accessory dwellings in single-family homes and non-relatives to live in family/caregiver suites in single-family homes. The Board also enacted strict […]