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Archive for the 'Mortgage/Finance' Category
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: 1 Comment »
The Essence of the Global Economic Crisis
April 6th, 2009 categories: For Home Buyers, For Home Sellers, Mortgage/Finance
Distilled into a 10 minute, nicely animated, possibly oversimplified, video
The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.
Authored by Joe Peffer | Discussion: 1 Comment »
Money For Nothing - And a House for Free — OHFA rolling out 1st time homebuyer smorgasbord
March 27th, 2009 categories: For Home Buyers, Mortgage/Finance
Is it a beautiful environment for 1st time home buyers or what? The Ohio Federal Housing Finance Authority, on Monday, will be rolling out their newest offering, the Homebuyer Tax Credit Advantage Program. In addition to their other highly popular programs for 1st time buyers, (including my favorite the Mortgage Credit Certificates which creates an income
Authored by Joe Peffer | Discussion: 1 Comment »
Need help with your existing mortgage? What new mortgage programs are available?
March 23rd, 2009 categories: Mortgage/Finance, Real Estate News
The Federal Government’s new site called “Making Home Affordable” is a good attempt to disperse information to those who need it most:
Refinancing
Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home.
Modification
Many homeowners are
Authored by Joe Peffer | Discussion: No Comments »
Some Columbus Home Buyers Will See Fee Increases
February 23rd, 2009 categories: For Home Buyers, Market Updates, Mortgage/Finance, Real Estate News
Fannie Mae, Freddie Mac plan big fee increases
Fannie Mae and Freddie Mac are both toughening their credit score and down-payment rules as of April 1.
In response, major lenders are already factoring in the higher fees, which reduces the effectiveness of the stimulus efforts.
Under the new guidelines:
Buyers with down payments of less than 25 percent will
Authored by Joe Peffer | Discussion: No Comments »
Feeling Stimulated to Purchase a Columbus area Home?
February 20th, 2009 categories: Bexley, Clintonville, Condos & Lofts, Downtown, For Home Buyers, German Village, Grandview, Market Updates, Mortgage/Finance, Olde Towne East, Real Estate News, Short North
Two Quick Takeaways: It’s only for first time buyers — If you buy before the tax deadline this year, you can qualify for the $8000 NOW
Here is a quick re-cap on the Stimulus Plan and how it relates to Central Ohio home buyers in comparison to last Summer’s Plan:
Authored by Joe Peffer | Discussion: No Comments »
Think Your Columbus Area Home is Valued too High? How to Dispute Your Franklin County Property Taxes
February 14th, 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
Lately, with so many great deals available, a hot topic of conversation is property taxes. Why are they so much? How can I reduce my Franklin County Property Taxes? If I buy this short sale or foreclosed home at a discount, how do I go about getting my taxes reduced and how long do I
Authored by Joe Peffer | Discussion: No Comments »
