Archive for August, 2009
FHA Fico Score on the rise know your score!
If you were looking at buying a house and using FHA you better know your credit score. Banks have been on the war path raising middle fico score requirements on FHA from 580 to 620 and now most are going…
Seller paying closing costs!
It is very common these days to have the seller paying for all closing costs and in Lake County, IL they would include some of the following. This is an estimate of those fees some might be more and some…
The Perfect storm for First Time Home Buyers
My freind Dave from Denver called it right the other day when he said the housing market is a “Perfect Storm” right now for first time home buyers.
Being a fan of the book “The Perfect Storm” and now the…
Affording more home!
Doing first time home buyer loans for the past 13 years the number one question I run into is “how do I afford more home?” My response is always the same “the question you should be asking is how do…
Why are home loans harder today?
People believe that banks give you a mortgage and put that mortgage in there vault, that just isn’t true. Most of the time let’s just say Bank of Somewhere gives you a mortgage and then they sell it to Freddie mac…