Archive for April, 2010
Federal Government Needs Centralization in New Housing
Federal Government Needs Centralization in New Housing
In the latest news the federal government is working on a proposal to reform government sponsored enterprises like Fannie Mae, Freddie Mac, and the Federal Home Loan Bank Systems. Testifying before the House Financial Services Committee is, NAHB Third Vice Chairman Rick Judson, a builder and developer from [...]
Your Financing Questions—Answered!
Your Financing Questions—Answered!
What is a mortgage?
A loan obtained to purchase real estate in which is used as a lien secured in a promise to pay the debt. All have principal and interest.
What is a loan to value ratio (LTV) and how will it determine the loan size?
It is the amount of money you [...]
Requirement Changes from Fannie Mae
Requirement Changes from Fannie Mae
More news from Fannie Mae suggests that there will be new requirements for homeowners who have experienced a pre-foreclosure event, including a pre-foreclosure sale, short sale, or deed-in-lieu of foreclosure.
One of the changes includes a new amount of time that must elapse after a pre-foreclosure event to the time [...]
The Foreclosure Goals Take A Backseat
The Foreclosure Goals Take A Backseat
At CTRAgents.com, our LDS real estate agents are bringing you the top and most important news available to our homeowners!
In the loan modification goals, Obama and the administration had hoped to save up to 4 million homeowners from foreclosing on their homes. Present stats say that this goal [...]
Homeowners Insurance: The 411
Homeowners Insurance: The 411
Yes! You really do need it! Yes it is required at closing! Arrangements for homeowners insurance must be made prior to that time. The earlier this is squared away the better because if you do not have insurance on your home, it will not close. By completing your [...]
The Home Inspection
The Home Inspection
Our LDS agents at CTRAgents.com believe it is always a good idea to be there when the inspector is evaluating your potential new home.
No home inspector will ever tell you if you are getting good value on the home, but they will be checking out the structure, construction and mechanical systems in [...]
A Homebuyers Quick Quiz
A Homebuyers Quick Quiz
How many of you take an occasional personality quiz? Well our LDS agents at CTRAgents.com have come up with the perfect homebuyer quiz. If you can answer yes to these questions then you are ready, and we are ready to help you with the home buying process!
1. Do you have a [...]
Short Sale Nitti Gritty
Short Sale Nitti Gritty
Short sales are a great option for those who are finding themselves on the brinks of foreclosure, but our LDS agents want you to see some of the facts about short sales, and give you an opportunity to weigh your options. Here are some important points to know about short [...]
It’s Crunch Time
It’s Crunch Time
Is the market about to close up for our homebuyers? With all the great deals going on in the Federal Reserve (mortgage backed securities—keeping interest rates down) ending on April 30th this year, the FHA will be increasing the insurance premium costs to homebuyers. Keep in mind that FHA loans are [...]
Rent vs. Buying
Renting vs. Buying
Are you stuck in indecision about whether to rent or buy? If over analyzed, you could be undecided for a long time. The key to discovering your American dream is to think about the good that comes from buying and renting
There will always be opposition in all things. [...]
