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Buying a Home/U.S. Department of Housing and Urban Development (HUD)

Buying a Home/U.S. Department of Housing and Urban Development (HUD)
Related:  Mortgage Information

6 Tips When Mortgage Shopping - Home Buying Basics Mortgage Basics – Things You May Not Know Demystifying the Mortgage Process for my Hudson Valley home buyers Helping Home Buyers in the Hudson Valley Mortgage Shopping 101 – When it comes to getting a mortgage learning as much as you can early in the process can save you money. Many of my clients do research well before I meet them, while others just jump right into the process. Tips for home buyers to get started with the process! 1. 2. 3. 4. 5. 6. More Questions? Get Answers on Mortgage QuestionsContact Janis Borgueta What does this all mean to the average buyer? If you are considering purchasing a home in the next 12 months take the time to sit down with a real estate agent and a lender now. Resources of Mortgage Information: If you would like to receive more information like this please subscribe to my blog.

Don't Get a Mortgage - By Sari R. Updated on 2/3/2014 Most of our articles are addressed to those who are ready to or want to get a mortgage. Up until 2014, you might have even thought that you and your spouse were ready to get a mortgage. Here are some reasons why you’re not ready to pursue a mortgage: You’re not sure how long you will stay. If you don’t know how long you will stay in the house, you’re not ready for a mortgage. You only have money saved up for a down payment. If you only have enough money saved up for a down payment, whether that’s 3.5% of the loan amount or 20% of the loan amount, you’re not ready to get a mortgage. You have a hard time paying rent every month. If you have a hard time paying rent every month, you’re not in a good place to take on a mortgage. Now, in 2014, there are more rules that make you no longer eligible to get a mortgage. Your debt-to-income ratio exceeds 43%. If your debt-to-income ratio exceeds 43%, you won’t be eligible for a mortgage. You have a credit score below 620.

Let FHA Loans Help You FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal. Low down payments Low closing costs Easy credit qualifying What does FHA have for you? Buying your first home? Want a fixer-upper? Financial help for seniors Are you 62 or older? Want to make your home more energy efficient? How about manufactured housing and mobile homes? Ask an FHA lender to tell you more about FHA loan products. Silver Spring senior living | Erickson Living Communities Welcome to Riderwood Looking for an exciting alternative to typical retirement communities? Look no further than Riderwood. Our full service community is the perfect place to enjoy an active lifestyle. And, if your health needs ever change, expert continuing care health services are available right on campus. Savor the freedom! Enjoy a variety of delicious food choices served daily in our on-site restaurants. The opportunities for fun are endless! Live in maintenance-free comfort At Riderwood you'll find an impressive selection of maintenance-free apartment homes—more than other Silver Spring senior living communities offer. Situated on a scenic 120-acre campus near the heart of the D.C. metro area, this lovely wooded sanctuary offers the perfect balance of natural beauty and convenience.

How to Buy a House -- A guide for first-time home buyers Welcome! I'm a writer and a real estate investor, so it made sense to combine those jobs to produce this ultra-comprehensive guide to how to buy a house. I've bought and sold several homes, and my writing specialty is making things easy to understand, so I'm in a good position to help you know what you need to know to buy a house (or a condo, or townhome, if that's what you're looking for). This might have actually been the first guide to home-buying on the Internet, launching around 1999. Of course, over the years I've kept it updated and added to it. This site contains a lot more than a typical pamphlet or even what you'd learn from most real estate agents. ...and lots more. I believe everything here to be accurate, but of course it's "use at your own risk". Ready to get started? If you liked this site then you might like some of my other sites: How to Find Cheap Airfare How to Save Electricity How to get listed & ranked well in Google

Tips from the 25 Most Influential Real Estate and Mortgage Pros on Google+ If you’re like most people who want to find out what’s trending now, or you need tips and advice, you’ve probably gone to Facebook, Twitter or Pinterest. But one of the newer social platforms that you may not have used yet is Google+. I decided to mine the vast knowledge of Google+ by finding the 25 most influential real estate and mortgage professionals who use the social platform. Here’s their best advice as you buy, sell, or refinance your home. Tip #1: Do Your Homework before Refinancing. Anita Clark, Real Estate Agent at ColdwellBanker SSK, Warner Robins, Georgia. My advice to homeowners who are looking to refinance their home is to do your homework before narrowing your lender choices. What are your fees? There are a myriad of additional questions you might ask, just make sure whomever you choose does what they say; when they say they are going to do it. Tip #2: If You’re Denied, Keep Trying. Dan Green, Mortgage Market Expert at Terry S. Terry S. Connor T.

Mortgage Pre-approval vs Pre-qualification Letter Types of Mortgage Letters 128 There has been some confusion among those looking to buy a home and qualify for a mortgage loan regarding the difference between a mortgage pre-approval vs a pre-qualification letter. Indeed, they sound pretty similar, so hearing these terms before or during the hectic time while considering buying a can only add to add to the confusion for novice buyers. It is important for you to know the difference between the two so you can plan accordingly when buying your first home. Mortgage Pre-Approval Defined According to the Federal Reserve’s definition, a mortgage pre-approval is a written commitment that’s issued by a lender following a comprehensive analysis of their overall creditworthiness. Mortgage pre-approval status for a loan is usually conditional upon the following: 1. 2. 3. A Pre-Qualification Letter Defined 128 Generally, the concept behind a mortgage pre-qualification is this: you are a buyer, and you’re looking for a home. So Why Seek Pre-Approval?

Handbooks, Forms and Publications HUD provides program information to the public in a variety of ways. The most commonly requested information is discussed below. We have basic information on Homebuying and Rental Assistance on our web site. For help with housing needs, you can find the nearest HUD-approved counseling agency on the web or by calling 1 (800) 569-4287. Grant applications and funding announcements are available online on the Grants Page . Families or individuals seeking housing assistance can find basic information on Homebuying and Rental Assistance on our web site. Official HUD forms used in all programs and other commonly used forms are available online to print and download. Forms for housing discrimination complaints are available online. For assistance using forms we provide information on program technical guidance below. HUD Handbooks, Notices and other documents are available to print or view at HUDCLIPS . For interpretations of program requirements or handbooks and instructions on the use of forms:

WalkScore, NabeWise and Upwardly Mobile Help You Find Your Ideal City - Lauren Goode - Product Reviews Since graduating from college, I’ve moved more times than I care to admit, always searching for that elusive, spacious, rent-controlled apartment. At times, I’ve sacrificed space just to live in a decent neighborhood with access to public transit. The question of where to live can be tough to answer, whether you’re looking for better bike lanes, quality schools, fine dining or just any place where you can land a job. Fortunately, there are Web sites that offer more contextual information about neighborhoods than you might find in a real estate listing or a Craigslist ad. WalkScore, which has its own site but also provides data for thousands of real estate sites, focuses on “walkability,” or proximity to amenities. None of these sites factor in crime data. I started by testing the WalkScore site. WalkScore also shows apartment rental listings, indicating an average rental price. But WalkScore wasn’t perfect. After taking the survey, Bethesda, Los Angeles and Seattle came up in my Top 5.

Related:  Home Buying