FHA Changes Coming Will Affect Nyack Home Buyers

Dated: March 10 2011

Views: 3288

You might want to let your clients know that the FHA is changing some of their guidelines. As of April 18, 2011 the FHA will be raising their mortgage insurance premiums. Obviously getting clients to finish their transactions before the April 18 date will save them money on their monthly mortgage payments. You must have an active mortgage application in the works before April 18, 2011. On another note the FHA has a temporary waiver on the 90 day flipping restriction. They are doing this to allow access to FHA money for the rapid resale of foreclosed properties. Well it’s a rainy day in Nyack. Let the day begin.
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Mary Lovera

In today’s world, our relationships are very important so much so that The Right Relationships can make all the difference. This year marks my 20th year in Real Estate. In that time, I’ve happ....

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