Author Archives: vern

FHA Financing Issues

FHA just announced  a new premium structure, and will be increasing its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount.  Upfront premiums (UFMIP) will also increase by 0.75 percent. These premium changes will impact new loans insured by FHA beginning in April …

March 2, 2012 – 7:54 am | By vern | Posted in Buying, Investment Strategy, Lending, Top Questions | Comments (0)

How Much Fixup to Sell?

I believe that you can get the most for your money  by limiting the repairs to the fire damage and deferred maintenance. Forget updating the kitchen and bath. Keep the money in your pocket. In today’s market a home seller must compete with distressed properties; short sales and foreclosures. They are generally in need of …

February 16, 2012 – 1:44 pm | By vern | Posted in Lending, Selling | Comments (0)

Using Financial Aid for Qualification

Some financial assistance is for educational purposes and cannot be used to qualify  a borrower for a mortgage loan.  Other types of financial assistance such as disability or unemployment is another matter. A borrower using disability or other financial assistance would need to prove that they have been receiving  the financial benefits for at least …

February 16, 2012 – 1:36 pm | By vern | Posted in Top Questions | Comments (0)

Bernanke Says No Change Now?

Bernanke’s saying that the Fed has no immediate plans to take action may give a window when investors will feel more confident.  It may be a small window considering the volatility of the market and the continuing uncertainties. With so many real estate bargains available, it seems like a time for investors to step up …

August 27, 2011 – 5:51 am | By vern | Posted in Buying, Investment Strategy | Comments (0)

Technorati Code

ZYRWDR77SJZQ

January 4, 2009 – 4:47 pm | By vern | Posted in Other | Comments (0)