Tagged ‘North beach’

FHA mortgages change – effective October 4th
Posted: October 26, 2010 By:

It’s official: FHA was just given authority to change the amount charged to borrowers for both the Up Front and the Annual Mortgage Insurance premiums…and change them they did.

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Ins and Outs of HOA’s Financials for Buying a Condo or Townhome
Posted: August 1, 2010 By:

When you are in the market to buy a condo there are some thing you need to know about Home Owners Associations (HOA).  The HOA is responsible for building amenities, maintenance and, in some cases, utilities.  As an owner, you may have some voting rights for the management of the budget, but the majority has the final say.  I like to make sure that my homebuyers review the building’s finances to know whether or not the HOA is financially strong or as useless as a Deutsche mark.   

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Homebuyer Success Stories!
Posted: June 22, 2010 By:

This spring I handed house keys to a first time buyer who’d been dreaming  of owning his own home for over ten years.  In fact he’d been (more…)

Negotiate to have your Closing Costs Paid!!
Posted: May 24, 2010 By:

When you get approved for a home mortgage you should ask, “What are my closing costs?”  You should see them in writing.  Interest rates are important, but your ‘closing costs’ are equally important.  If you have a rate of 5% on a $300,000 loan with closing costs of $9000 quoted from one bank and you have a rate of 5.5% with 0 closing costs from another bank which is better? (more…)

The Seller’s Disclosure, Fact or Fiction?
Posted: April 23, 2010 By:

When a homebuyer is purchasing a residential property, the seller is required to provide them with a Seller’s Disclosure Statement to detail any pre-existing conditions.  Now, the million dollar question is whether or not everything in the disclosure statement is 100% true.  Is it fact or fiction? 

 Consider that the homeowner is (more…)