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Archive for the 'Mortgage/Finance' Category
Buying a Columbus Foreclosure? Fannie Mae and Maytag Team-Up for Free Money and Appliances
February 17th, 2010 categories: Dublin, For Home Buyers, Mortgage/Finance
(Click Here to check out more on this unique round house in Dublin once featured on HGTV’s Extreme Home’s)
Closing Cost Assistance and Appliance Incentive for Fannie Mae Homes
Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed [...]
Authored by Joe Peffer | Discussion: No Comments »
Been in your home awhile? Not leaving for awhile? Switching to an ARM could save you an arm AND a leg
December 7th, 2009 categories: Mortgage/Finance, Real Estate News
Let’s say that you’ve lived in your Columbus area home for some time now and somehow, someway, you’ve not refinanced your home to take advantage of the last couple years of incredible interest rates. Even if you have, consider the logic here.
First, you may want to consider refinancing now, right now. Second, you may want [...]
Authored by Joe Peffer | Discussion: No Comments »
Finally Official! Columbus Home Buyers and Sellers can take advantage of Extended Tax Credit
November 6th, 2009 categories: Bexley, Clintonville, Columbus News, Condos & Lofts, Downtown, For Home Buyers, For Home Sellers, German Village, Grandview, Market Updates, Mortgage/Finance, Olde Towne East, Real Estate News, Short North, westgate
This afternoon President Obama signed the bill into law that will extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30.
I’m surprised that they left the two month window but I think it’s very smart. Still, even if it were this week, I would not try to [...]
Authored by Joe Peffer | Discussion: No Comments »
How Realtors Stole the $8,000 1st Time Columbus Homebuyer Tax Credit
August 28th, 2009 categories: For Home Buyers, For Home Sellers, Market Updates, Mortgage/Finance, Real Estate News
Not the money itself, just the concept. I’m amazed by how many Listing Signs, Agent MLS remarks and Brokerage Office Signs are screaming out $8,000 Tax Credit!! If I didn’t know better, I would think it was the National Association of Realtors, not the United States Congress, that came up with this idea and told [...]
Authored by Joe Peffer | Discussion: No Comments »
Jumbo Loans – They’re not Just Big, They’re Touching the whole Market
July 21st, 2009 categories: For Home Buyers, For Home Sellers, Mortgage/Finance
Columbus Houses that cost more than $730,000–the cap for conforming jumbo loans–can be extremely tough to buy, sell, or refinance these days, freezing the high-end Central Ohio market and holding down activity in lower-priced markets, real estate practitioners say or so I’ve read.
The slowdown results from lenders’ reluctance to offer mortgages above the amount Fannie [...]
Authored by Joe Peffer | Discussion: 1 Comment »
Banks Considering Giving Cities First Shot at Foreclosed Properties (?)
July 6th, 2009 categories: Columbus News, For Home Buyers, Mortgage/Finance
I came across this a couple weeks ago and it crossed my mind today. I like the idea of it but can’t imagine cash-strapped Columbus, Ohio jumping to buy foreclosed homes and to what end. Columbus hasn’t always been known to take great care of properties they do end up with and there isn’t [...]
Authored by Joe Peffer | Discussion: No Comments »
Kiddie Condos – Can Parents Still Fund Purchases for Children? Even if the kid has no income?
June 26th, 2009 categories: Condos & Lofts, For Home Buyers, Mortgage/Finance, Short North
I had someone ask me this question yesterday…..“Hey Joe, Can I qualify for an FHA loan if my parents co-sign since I have no income? Do I personally NEED to have income?”
The short answer is yes they can, even if the child has no income or assets to speak of. And, the adult child should [...]
Authored by Joe Peffer | Discussion: No Comments »
FHA loans and Columbus Foreclosures – Can you buy one with the other?
June 24th, 2009 categories: For Home Buyers, For Home Sellers, Mortgage/Finance
It’s supposed to be a new day at FHA. Loans are supposed to be obtainable without jumping through too many hoops.
Foreclosures, in Columbus or wherever, present a problem. They need work, the bank says the work must be done before they lend on the property, they don’t belong to the buyer and yet the bank [...]
Authored by Joe Peffer | Discussion: No Comments »
HUD Secretary says Columbus area Home Buyers don’t have to wait for the Eight Grand tax credit
May 12th, 2009 categories: Bexley, Clintonville, Columbus News, Condos & Lofts, Downtown, For Home Buyers, For Home Sellers, German Village, Grandview, Mortgage/Finance, Olde Towne East, Real Estate News, Short North
Although nobody called me for the panel of distinguished guests at the mid-year meeting of the National Association of Realtors today in Washington D.C., I have found out that Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, decreed today that the Federal Housing Administration is going to permit its lenders to [...]
Authored by Joe Peffer | Discussion: 2 Comments »
