Feds reverse rule to assist first-time home buyers
Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that [...]
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The Lending Process
Once you’ve found the home you want and negotiated a price that you and the seller agree on, it’s time to get your loan. When you submit a loan application, you can expect to complete lots of paperwork and provide information about your employment history, financial assets and liabilities, and credit. You may also [...]
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Your Down Payment Affects Everything
Your First Step Toward Buying a Home
When preparing to buy a home, the first thing many homebuyers do is look at “homes for sale” ads in newspapers, magazines and listings on the internet. Some potential buyers read “how-to” articles like this one. The next thing you should do – before you [...]
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Money is already tight at The Wilshire Condominium, and new lending rules threaten to make life even more difficult for it and other condos around the country.
Arthur Barr, a board member of the Wilshire homeowners association, estimates 30 percent of the owners in the 378-unit building in North Miami Beach are behind on their fees. [...]
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The Condo Loan Center is starting to get warmed up with its all new blog. Here on the Condo Loan Center Blog we plan on keeping everyone up-to-date with new lending regulations surrounding the condominium vertical. From Fannie Mae and Freddie Mac guidelines to new investor guides, we plan to offer the most aggressive rates [...]
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CondoLoanCenter Blog Coming Soon.
We are just getting setup right now with our temporary website and blog. We plan on kicking off the new web site & blog by the end of March, as soon as this refinance boom is over.
Visit our main website at www.CondoLoanCenter.com
For any questions please feel free to write us at info@CondoLoanCenter.com
Thank [...]
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