Not only are prices great and mortgage rates low, but there is also an $8,000 Tax Credit for First Time Home Buyers which equates to now is a great time to buy a home! So what defines a First Time Home Buyer? The IRS website states that a first time home buyer is anyone that has not owned a home in the...

Mortgage Rates increased April 17, for a second day as MBS posted another day of losses.  Week over week rates are posted a 10bp improvement.  Although there was 3bp improvement lenders sill took advantage of the decline in MBS and increased Mortgage Rates. Feel Free to contact Your Mortgage Planner...

As part of the stimulus package passed last week, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. “High cost” is defined by a regions’ median sales price. With the temporary increase, a greater share of Americans can now qualify for...

Auction: February 28, 2009 Registration begins: 7:30am Commercial Property Auction: 9:00am Residential Property Auction: 1:00pm The HomeStyle Team with RE/MAX Achievers currently has 18 foreclosure homes in the upcoming RE/MAX real estate auction. The HomeStyle Team auction property list is as follows: ...

Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months. Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties.  The restriction reversal does come with new minimum requirements, however. Homeowners buying...

FHA 203(k) Rehabilitation Home Mortgage loans are used to Purchase or Refinance and rehabilitate an existing One to Four family residences (Residence must be 1 year old) that will be used for residential purposes. FHA approved Condos are eligible as well. With Conforming loans a lender will not release...

When using a non-occupant co-borrower, such as parents, the occupant borrower is not required to have any income or assets of his/her own. 2- to 4-unit owner-occupied properties are eligible for 96.5% financing at the same interest rate as 1-unit homes Mom and Dad can lend, not gift, some or all...

Image via Wikipedia A new $7,500 tax credit for first-time home buyers is a temporary incentive from the government (Read all of HR 3221) to boost interest in real estate – but the time frame to take advantage of the credit is limited  (Purchases on or after April 9, 2008 until July 1, 2009). The...

If you are planning on buying an Arizona foreclosure home it is imperative that you work with an Arizona Realtor that is well versed with foreclosure transactions. Each bank has their own set of guidelines and many to not acknowledge the Arizona Real Estate Purchase Contract so the more experienced your...