Blog
Buyers Are Flocking to FHA (government backed) Loans!
Posted on Aug 20, 2008 by Mike Geyer |
Borrowers are flocking to government insured loans, particularly those offered by the Federal Housing Administration, according to Inman News. The Mortgage Bankers Association says application for government-insured loans was up 133.9% in July from a year ago; while applications for conventional loans like those purchased and guaranteed by Fannie Mae and Freddie Mac fell 50.2%. Ginnie Mae, ...
4 Questions to Ask When Buying A 2nd Home
Posted on Aug 18, 2008 by Mike Geyer |
Four questions to ask when you're buying a second home: How accessible is the property? Gas prices put a damper on the appeal of a place that's hundreds of miles away. You can usually take a cheap flight to Florida, but that's not necessarily true of Corpus Christi, Texas or Durango, Colorado. Is the community well planned? In rural areas, a beautiful new cabin may be right next to a clu...
People Are Flocking to Athens!
Posted on Aug 8, 2008 by Mike Geyer |
According to the U.S. Census Bureau dated July 10, 2008, people are flocking to Athens in the 21st century! According to the records, 12, 491 more people live in Athens than did 7 years ago. Athens also regularly ranks high when organizations put out lists such as the greenest cities in the United States, the best places to retire, or recently, a list of best small cities for business and c...
New Law Adds Tax Breaks for Real Estate
Posted on Aug 4, 2008 by Mike Geyer |
Recently, lawmakers slipped plenty of new tax breaks for real estate into newly enacted legislation that is intended to provide relief from the current mortgage crisis. Taxwriters have approved tax cuts worth $12.4 billion over 10 years, as well as tax increases to offset them. Filers who do not itemize deductions can deduct real estate taxes they paid in 2008 in addition to their standard d...
Posted on May 9, 2008 by Mike Geyer |
Attention aspiring homeowners: Don’t be scared off by rumors that you need a huge down payment and the squeakiest of credit histories to get into a house. A 10% down payment is now the norm, says Jim McMillan, a senior loan officer for JP Morgan, but you can find 5% down payment loans. Zero down payment options are nearly impossible, but if you’re working with a conforming loan of $417,000 o...
