January 12, 2010 - 9:31 am
Tags: appraisal, brokers, fha, loans
Posted in News | No comments
Starting Feb. 15, mortgage brokers will no longer be able to order appraisals on loans insured by the Federal Housing Administration (FHA). For consumers, that is supposed to mean home appraisals will more closely reflect a home’s value. The reason: Brokers who may profit from a loan being approved won’t also be choosing appraisers, who [...]
December 26, 2009 - 7:19 pm
Tags: faq, federal, home buyers, tax credit, taxes
Posted in Info | No comments
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales [...]