There was some good news this fall as the FHA has eased some restrictions burdening the sale of condominium units. FHA financing is quite common for condominium purchasers and previously that type of financing has been tough to get due primarily to a restriction on the ratio of commercial to residential units in the complex. … [Read More]
Should I Refinance My Home Mortgage?
Should I Refinance My Home Mortgage Home mortgage rates are at historic lows and many homeowners are considering refinancing their home loan to lower their payment. Here are a few things to consider so that you are making a sound financial decision. First, comparable home sales need to support a value for your home such… [Read More]
Loan Waiting Periods
Dear Readers, If you lost your home to foreclosure or short sale, you may be wondering how long you have to wait before you buy a new home. I have attached a chart provided by one of my favorite lenders that will show you how long you must wait. Of course, millions of Americans have… [Read More]
1/3 of Condo Developments in Denver are FHA Approved
The Denver Post report on Sunday 1/22/12 that only 1/3 of all condo developments in Denver are FHA approved. These developments have to gain FHA approval every 2 years. Having FHA approval means that buyers who need FHA loans can buy in these projects. Many condo developments are unable to get FHA approval because they have a… [Read More]