New FHA Loan Rule Helps First Time Home Buyers

Posted by & filed under Buying.

The new FHA loan rule for condominiums helps first time home buyers tremendously.  Announced yesterday in a press release, the new rule takes effect on October 15th. FHA Approved Condominiums The FHA Condominium Project Approval & Processing Guide  is 95 pages long.  Requirements are strict and it’s a costly, tedious process for any condo association. … Read more »

Is Your Buyer Using A FHA Mortgage Loan?

Posted by & filed under Selling.

Is your buyer using a FHA mortgage loan? FHA loans are very common.  They are also feared by sellers.  Because they are common and concerning to homeowners, I thought a blog article on this would be helpful. Chances are your buyer will use this type of mortgage if your home sells for less than $500,000.  The median… Read more »

Mortgage Rate Madness

Posted by & filed under Buying.

The most important first step in buying a home is financing which involves getting prequalified for a home mortgage.  It doesn’t matter if you’re buying Bergen County real estate or a home somewhere else – because your mortgage loan is so critical to your home buying process, you are naturally interested in any news about these loans.  Here… Read more »