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Perhaps you are Preparing your HOME FOR SALE. This is a great list of things to check, a sparkling kitchen is worth the effort.
HOME BUYERS are pickier than ever, but a sparkling home, is always more attraction to HOME BUYERS.
SELLING YOUR HOME - There are loads of tips and resources for little repairs. HOUSE LOGIC is a good spot, and I have a full Library of resourses at ADAMAS REALTY
For what ever reason, I got up at the crack of 5:00am, and tore my own kitchen apart. While I am not preparing my own home for sale, I am happy with the results, and will enjoy cooking in my kitchen more. Luckily, Im doing computer work today and my frazzeled self is not on display. Check out the tips from HOUZZ, a great spot for inspiration. While the article is about spring cleaning, the pictures are FULL OF INSPIRATION!
Check out this link and the photo gallery, ….I may go back for More!
FHA has long served the FIRST TIME HOME BUYER, as a Great Path to HOME OWNERSHIP with a 3% down payment. That has already changed to 3.5%, but more changes are coming.
New premium structure will help protect FHA’s MMI fund So thats what theya re telling us, is they need more insurance premiums.
WASHINGTON – As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage loans. FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500 and by 0.35 percent for loans above that amount. Upfront premiums (UFMIP) will also increase by 0.75 percent.
These premium changes will impact new loans insured by FHA beginning in Apri l and June of 2012. Details will soon be published in a Mortgagee Letter to FHA-approved lenders.
“After careful analysis of the market and the health of the MMI fund, we have determined that it is appropriate to increase mortgage insurance premiums in order to help protect our capital reserves and to continue encouraging the return of private capital to the housing market,” said Galante. “These modest increases are one of several measures we are taking towards meeting the Congressionally mandated two percent reserve threshold, while allowing FHA to remain a valuable option for low- to moderate-income borrowers.”
The Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the annual MIP it collects by 0.10 percent. This change is effective for case numbers assigned on or after April 1, 2012. FHA is also exercising its statutory authority to add an additional 0.25 percent to mortgages exceeding $625,500. This change is effective for case numbers assigned on or after June 1, 2012.
The UFMIP will be increased from 1 percent to 1.75 percent of the base loan amount. This increase applies regardless of the amortization term or LTV ratio. FHA will continue to permit financing of this charge into the mortgage. This change is effective for case numbers assigned on or after April 1, 2012.
FHA estimates that the increase to the upfront premium will cost new borrowers an average of approximately $5 more per month. These marginal increases are affordable for nearly all homebuyers who would qualify for a new mortgage loan. Borrowers already in an FHA-insured mortgage, Home Equity Conversion Mortgage (HECM), and special loan programs outlined in FHA’s forthcoming Mortgagee Letter will not be impacted by the pricing changes announ ced today.
Taken together, these premium changes will enable FHA to increase revenues at a time that is critical to the ongoing stability of its Mutual Mortgage Insurance (MMI) Fund, contributing more than $1 billion to the Fund, based on current volume projections through Fiscal Year 2013.
Using a benchmark of 2001, (when home sales were considered healthy). our Index in the west in January to 101.9 and 0.7 percent above January 2011. The pending homse sale index is a foreward looking index of future sales. Typically sales that will close within 30-60 days.
Inventories are the lower than the last several years, and about 6 mos locally, (unlike the 14 months of 2 years ago), Foreclosures are slowing and that was a BIG headline in THE COLUMBIAN, about a week ago.
Here is Lawrence Yuan, chief economist with the National Association of realtors with his most recent address:
Making your online search for Felida Homes and VANCOUVER real estate homes for sale easy! You can browse multiple real estate listings of Felida Homes and SW WASHINGTON homes, recent houses for sale, land, foreclosures, and other property in Felida and VANCOUVER as well as CAMAS, WA. Search by home features or sort your real estate listings by price, bedroom, price reduction, and see homes recently sold in your area. View Felida Homes and SW Washington communities such as Gated and/or Custom Built – Metro Vicinity – Suburb – communities in Felida and Camas. Use our online tools to calculate your mortgage loan, view Felida Homes and Vancouver, as well as CAMAS real estate trends, compare home values in 98685, 98683, and information on Felida Homes and Vancouver neighborhoods and schools. Connect with a top Felida and CAMAS WA real estate agent to find more on Vancouver Houses For Sale.
to 830,000 from 1.1 million in 2010, according to a new report by CoreLogic. Nationally, 1.4 million homes, or 3.4 percent of all homes with a mortgage, were in the foreclosure inventory at the end of 2011. For the month of December, 55,000 homes had completed the foreclosure process, down from 57,000 in November and down from 67,000 in December 2010.
Thats GOOD NEWS!
The share of borrowers who were delinquent on their mortgage payments by 90 days or more was 7.3 percent in December 2011 compared to 7.8 percent a year earlier.
Florida led the nation with the largest percentage of foreclosures inventory with 11.9 percent, followed by New Jersey (6.4 percent), Illinois (5.4 percent), Nevada (5.3 percent) and New York (4.6 percent). Add that UP! thats 33%. So 1/3 of the foreclosures are in 5 states…
States with the lowest foreclosure inventory were:
Wyoming (0.7 percent), Alaska (0.8 percent), North Dakota (0.8 percent), Nebraska (1.0 percent) and
Were you aware that the mortgage interest rate deduction is under scrutiny?
That our congress and house of representatives are actually talking about eliminating or modifying this deduction?
The homeowners interest rate tax deduction is one of the foundations of home ownership!
GO TO: NAHB – SAVE MY INTEREST RATE DECUCTION find out how you can be heard!
SaveMyMortgageInterestDeduction.com is dedicated to preserving the mortgage interest deduction and protecting homeownership. Please join us in this important effort.