Buyers- don’t make low ball offers. Back in 2008 and 2009 when sellers were desperate, many buyers were unable to buy a home due to unemployment, the loss of their own home, major debt, etc. Now that employment is up, interest rates are low and more buyers are ready to take action, they expect prices […]
Below is a market update for two beautiful communities in Orange, Ca. If you would like more information on these Orange homes, or if you’d like a complimentary market analysis, call Sue LaPeter today at 714-369-4689. Belmont Ridge Active E Bradford Ave. 4 beds 3 baths. 2,650 sq.ft. Offered at $765,000 Sold 2840 N Danbury […]
YES! Rental rates are increasing across the country and in many areas, its cheaper to buy a house than rent a comparable one. Combine that with low house prices, historically low interest rates, and lenders loosening credit requirements, and you’ve got a real estate market that is begging people to buy houses. Buy while the […]
UPDATE ON CHANGES TO FHA MORTGAGE INSURANCE PREMIUMS FROM YOUR FRIENDS AT PRIME LENDING. Call us for more info. Uly Kim 949.533.4911 and Ana Zendejas 949.573.1561. HUD has issued Mortgagee Letter 12-4 announcing changes to the FHA Single Family Annual Mortgage Insurance Premium (Annual MIP) and Up-front Mortgage Insurance Premium (UFMIP). These changes apply to all FHA Single […]
By Lorraine Woellert Feb. 28 (Bloomberg) — The Federal Housing Administration will increase the cost of up-front mortgage insurance premiums by 75 basis points as part of efforts to rebuild the agency’s insurance fund. The increase will apply only to new 30-year, single-family FHA loans and won’t affect the cost of streamlined refinancings, FHA Acting […]