65% of home buyers still want to buy a house
According to a study released today by Prudential, 65% of home buyers surveyed claim that the expiration of the home buying tax credits will not have an effect on their decision to purchase a home. A little less than half of home owners expect prices to increase in their area over the next year and 20% expect prices to increase substantially over the next 5 years. What I find far more...
Read MoreForbes names Denver metro area one of top ten places where it’s better to buy than rent
Forbes magazine took a whole bunch of data, crunched it together and determined that the Denver metro area is one of the top 10 places in the US to buy a house right now because it’s a better buy than rent. (If you want to see the actual link to the Denver metro area you have to click on the slide show within the article.) Some of the data they examined was: What you would pay to rent vs....
Read MoreRecent changes to FHA loans
Not exactly certain when these changes will take place but it’s supposed to be “soon.” If you have less than 20% down on a house you are required to get Private Mortgage Insurance and if you’re seeking an FHA loan you’ll have to pay an up front premium of 2.25% now instead of the previous 1.75%. If you have a FICO score of 580 or below you’ll be required to...
Read MoreEven cats love the ice cream man
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