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Archive for the ‘Buying A Home’ Category

A few weeks ago I wrote an article about the types of financing available in today’s market. Today, I would just like to expand on just one of those types, USDA Rural Development loans. The U.S. Department of Agriculture is also in the home loan guarantee business, just like the V.A. Under it’s Rural Development [...]

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With all of the focus on how tight credit is, you may believe that there is no money out there for a home loan. If that is the case, you are believing wrong. There is still a lot of money available and a lot of lenders who will make that loan. There are even some [...]

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Negotiating, we do it every day, in all parts of our lives. When we discuss what to have for dinner, that is a negotiation. When we decide which station to watch, which movie to see, those are negotiations. We do it all the time, often unconsciously. We do it mostly with the little things, and [...]

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When you go grocery shopping do you have a list of items that you want or need? Perhaps, if you are like me, it’s one that your wife puts together for you. Whether it is just a few items or a couple dozen, we always grocery shop with a list. I see a lot of [...]

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FAIR ISAAC is changing the playing field again, implementing it’s latest version of credit scoring FICO 2008. And it doesn’t appear that the change will be leveling it. The three major credit reporting agencies will be rolling out the new scoring system this year, with Transunion deploying it in January, Equifax in late spring and [...]

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Homesteps.Com, a unit of Freddie Mac is offerring up to 3.5% closing assistance program to buyers of Homestep listed homes. This program is available for contracts received by Jan. 31, 2009 with an escrow close on or before Mar. 14, 2009. Homesteps will pay up to 3.5% or actual closing costs, whichever is lower for [...]

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Can you use a $7500 interest-free loan? Are you a first time home buyer? Or even a second or third or more times home buyer? If your answer is yes to both of these, then you may want to consider taking advantage of a provision found in the new Housing and Economic Recovery Act of [...]

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