Why an Indiana FHA Makes Sense
Are you looking to buy a home in Indiana? Or, are you struggling to keep your home? Perhaps you should consider a FHA Home Loan. A FHA loan is a government-backed loan that generally has a lower interest rate than many conventional more traditional Indiana home loans. So, before you write off this home loan [...]
Read more »Ten Great Reason to be a First Time Home Buyer
And, now to conclude the Top Ten Reason to be an Indiana First Time Home Buyer.
Part 2
5) Seller’s all across Indiana are more willing than ever to give incentives for First-Time Home Buyer up to 6% in many cases
4) The Interest, Mortgage Insurance, & Property Taxes can all be written off on your taxes, thus [...]
10 Great Reason to be an Indiana First Time Home Buyer – Part 1
There are 10 Great Reasons to Buy a Home as a First Time Home Buyer
Here are the first 5
10. This is a double whammy, you get to tell your Landlord and the noisy neighbor upstairs to get lost
9. There are tons of great financing options for The Indiana First-Time Home Buyer
8. As an Indiana First-Time [...]
The Fed Meeting and Indiana Mortgage Rates
The Federal Open Market Committee (the Fed) is starting its scheduled, 2-day meeting to discuss the country’s monetary policy (or lack thereof). The group will be issuing a press release to the markets upon adjournment.
There are 8 scheduled FOMC get-togethers (this is not your run of the mill kegger) annually and the post-meeting press releases [...]
The Fed speaks and this week in Indiana Mortgage Rates
Mortgage markets lost a little ground last week, just edging mortgage rates tad higher in a week marked by the largest stock market gains since November. I bet many of you are liking your 401k now.
Once again, mortgage rates couldn’t sustain a rally for more than 5 days. Not since late-2008 have mortgage rates managed [...]
Indiana FHA Home Loan Limits
Thousand of Indiana homeowners will benefit from new increased FHA Home Loan Limits with fixed rate refinance loans up to $410,000 in several designated high cost areas. Home refinancing has never been easier with cash out loans available up to 95% for qualified Home Ownerss. In an effort to curb the rising foreclosure rates, the [...]
Read more »FICO me, FICO you!!!
Today, the basis of most mortgage lending is credit scoring. Really, now more than ever, with most lenders not going below 620 for FHA orVA. In general, the higher the credit score, the lower offered mortgage interest rate.
There are many credit scoring models that are being used today, however, only 3 are relevant to American [...]
The Half Truth behind Foreclosures
The USA Today ran this 2008 Foreclosures By State heatmap last week, reminding us of a simple truth: Headline are often misleading.
According to data compiled by RealtyTrac, 1 in 8 U.S. homes is in some stage of default or delinquency at the end of 2008.
This is a fact and it was widely reported by the [...]
The IRS Indiana First Time HomeBuyer Form
First Time Indiana Home Buyers, As part of the American Recovery and Reinvestment Act of 2009, the IRS has officially released Form 5405 — better known as the…First-Time Homebuyer Credit Form.
True to tax code standards, the 10-field form is accompanied by 3 pages of instructions, but don’t worry it is not that bad. However, [...]
Indiana FHA Expert has a new team
“Life is luck, make it.”
Mother Teresa (1910–1997), Macedonian missionary, Nobel Peace Prize winner
Life is what you make out of it. You know the whole life gives you lemons, you should make…
Well, in the past year or some in this turbulent Indiana Real Estate market that is not only us but the rest of US. [...]
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