Apr 23
Tweet Have you been told the reasons you can’t buy the condo of your dreams are because of: Condo Association Litigation Too many delinquencies on dues Not enough owner occupants Not enough financial reserves in the homeowner’s association Check again! That’s what I’ve done for quite a few of my clients recently. In the past …
Permanent link to this article: http://www.pessemierfinancial.com/blog/financing-non-financeable-condominiums/
Apr 19
Tweet The USDA Eligibility Area changes have been postponed until October 1, 2013, as I mentioned last month. USDA has now posted what the new eligibility areas will be! As you’ll see, there are some major changes, removing some very popular areas we’ve been doing a lot of USDA financing in! The good news is …
Permanent link to this article: http://www.pessemierfinancial.com/blog/specific-usda-eligibility-areas-changing-october-1-2013/
Mar 12
Tweet Good News! Due to a Congressional request, anticipated changes to the Rural Area Eligibility Areas have been delayed. There was concern that, due to the most recent census data, some more heavily populated although still semi-rural areas would no longer be eligible for USDA zero down financing. Lake Stevens, WA is one of the …
Permanent link to this article: http://www.pessemierfinancial.com/blog/march-2013-usda-rural-area-eligibility-revisions/
Feb 01
Tweet The Federal Housing Administration (FHA) just announced that they are raising mortgage insurance premiums again! This is the 7th time they’ve done so in the last 5 years! Starting on April 1, 2013, some FHA borrowers will pay up to 1.55% for FHA up front mortgage insurance premiums (UFMIP), as well as monthly FHA …
Permanent link to this article: http://www.pessemierfinancial.com/blog/breaking-news-fha-announces-new-mortgage-insurance-schedule-to-build-reserves/
Jan 02
Tweet …At Least for 2013, if you are selling your home short of what you owe (Short Sale) or having a portion of your loan forgiven through reduction in interest rate or principle reduction (Loan Modification) – it won’t be taxed as income (which would have been the case for any transactions closed after 12/31/2012). …
Permanent link to this article: http://www.pessemierfinancial.com/blog/fiscal-cliff-2013-closed-short-sales-mortgage-insurance-tax-deductions-survive/
Dec 17
Tweet The Mortgage Debt Relief Act, Bush era tax cuts set to expire 12/31/2012: The truth is…we don’t fully know what ramifications these potential changes are going to have on us. What we do know is that taxes will probably be going up – and it’s still a historically wonderful time to buy, sell and …
Permanent link to this article: http://www.pessemierfinancial.com/blog/2012-2013-fiscal-cliff-what-happens/
Dec 13
Tweet Are you a Veteran, Active Duty Military, or a surviving spouse of a deceased military veteran (not remarried)? Do you receive disability income from the VA for a service-related injury? These are questions your Lender should ask when applying for a home loan – because they could impact your ability to obtain 100% financing …
Permanent link to this article: http://www.pessemierfinancial.com/blog/changes-to-va-in-2013/
Aug 30
Tweet Competing offers, escalation clauses, full price offers not good enough? (Yes, this article was written in August of 2012.) It’s back to the good old days again in many ways. Here are just some of the reasons why the market is so hot, and why you may want to get on the bandwagon: Interest rates …
Permanent link to this article: http://www.pessemierfinancial.com/blog/6-reasons-why-the-real-estate-market-is-so-hot-right-now/
Aug 28
Tweet You can improve your credit history and score by disputing negative accounts, but there’s usually a catch… Here’s a question I get fairly often: I’ve done a lot of research on re-building credit, and on the Fair Debt Collection Practices Act (FDCPA). I want to purchase my first house but an old judgment (from …
Permanent link to this article: http://www.pessemierfinancial.com/blog/why-cant-i-get-my-credit-score-to-improve/
Aug 22
Tweet I get this question all the time: “I’ve already tried to get preapproved, but other loan officers aren’t calling me back. I’d like to know either way whether I qualify to buy (or refinance) or not. My realtor (or friend, family member) says I should talk to you. Will you help me?” My response …
Permanent link to this article: http://www.pessemierfinancial.com/blog/some-people-ive-been-able-to-help-lately/
Loading ...