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Investors Flip Over Flipping Home fllippers are continuing to view the current real estate market as a buying and selling opportunity. These investors are steadily buying homes, based on a recent extension of an FHA temporary waiver of the 90 day rule
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Thanks to a recent action by Congress the days of record low rates may be ending. To pay for the extension of payroll tax cuts, Congress mandated an increase in fees for Fannie Mae and Freddie Mac loans. Starting on April 1st, that means an increase in
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While we were all focused on what Santa would bring us at the end of last week, FHA decided to extend the waiver of the anti-flipping rules for one more year. "In an effort to continue stabilizing home values and improve conditions in communities
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The Home Affordable Refinance Program, HARP, has had some changes this year. Actually, an overhaul that should make it easier for homeowners who are upside down to qualify for a refinance of their mortgage. The HARP program is only available to homeowners
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Mortgage Interest Rates are staying low, historically low, hovering in the low 4's. Here are some other highlights in the economic news: In October the homebuilder index jumped four points to 18 – the highest posting in nearly 18 months. One
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REMN, Real Estate Mortgage Network, inc., offers several "High Performance" loan products for a solution to many of the Frederick foreclosures and short sales that are in need of minor repairs and updates: 1. REMN's Home Fixer For minor
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Should I buy a house now or wait until next year? In my opinion, the market is good now to buy, but my concern is that if I wait too long, the home prices and interest rates will go up. --John A: Most people don't succeed like they expected when they
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Fannie Mae is trying to get the foreclosed homes they own off their books. They want to make it easier for buyers to purchase these homes by giving up to 3.5% of the purchase price in closing cost help. The offer is good through June 30, 2011 for all
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FHA loans are making up more than half of the financing in today’s Frederick real estate market . With tightening lending standards and increasing down payment stipulations, FHA is a great resource for many buyers. Here are the details on FHA’s
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Fannie Mae and Freddie Mac have developed a rating system for areas of the country that categorize the way home values are trending. One year ago, Frederick County was categorized a 3, with declining values. Since that time, the classification has moved
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Updated News: FHA has decided to increase the MIP gradually over the next several years. Effective on or about April 5, 2010 FHA will increase the Up Front Mortgage Insurance Premium from 1.75% to 2.25%. This is the amount that gets added to the base
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First this week, and most important to us, was the news on existing home sales. The pace of sales had been accelerating smartly through most of the summer, until August, when purchases unexpectedly dipped 2.7% to a 5.1 million annual rate. However, this
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With the large number of foreclosures on the Frederick market, some fantastic deals are out there for the picking. The trouble is, once a buyer comes up with the down payment and the closing costs, what if the house needs work, as many REO properties
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There are many features of FHA loans that are great for today's Frederick home buyers. Here are the highlights: Downpayment: 3.5% Common Sense Underwriting: Although credit scores are a part of the consideration on an FHA loan, the underwriting takes
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Economic downturns seem to bring out the scammers more than any other time. Frederick home owners who are having a difficult time making their mortgage payment need to be aware that there are answers to their dilemma, but there are also wolves in sheep's
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