FHA and the “Flipper”
As foreclosures increase across the United States and that includes Indiana, banks are looking for ways to sell their overloaded REO inventory.
FHA has devised a plan that should be able to help many of those that buy homes, do some fixing up of the home and put it back on the [...]
Why would someone go with an FHA home loan vs. a Conventional home loan?
Dear Mad Mortgage Machine,
I am married and my husband has quite a bit of debt, and I do not plan on paying off prior to buying a home. If I go FHA, his debt is added to my debt even though I am the only one on the loan. If I go [...]
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Be Positive
On Friday, I heard a commercial for mortgage guy out of Chicago and his message was just all over the place, but it was mostly negative. He was not being negative on his competition, but on the “market” on a whole. I was shocked by his comments. I was thinking what a fail of [...]
Indiana First Time Home Tax Credit
Revisited…
Lately, I have been getting some calls and emails about the Indiana First Time Home Buyer Tax Credit from some very confused Indiana home buyers and agents alike.
I want take just a moment and straighten out a few of the misconceptions that are there.
Lets set the record straight once and for all and let me [...]
Indiana FHA Home Loan
Are you unhappy where you are living? Are you too old to be living with mom and dad?
With an Indiana FHA Home Loan…You can change your life.
Whether, you are a first-time home buyer, have owned a home before or have less than perfect credit FHA more than likely has a program that will best [...]
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 [...]
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 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, [...]
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