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Fannie Mae Lets Lenders Help Home Buyers with Closing Costs

Posted on Monday April 09, 2018
 
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Effective immediately, Fannie Mae is allowing lenders to assist home buyers in paying their closing costs for GSE-backed mortgages. Fannie Mae sent a bulletin to lenders last week informing them about its new rules.   Here’s How it Works Lenders can begin assisting borrowers with closing costs right away, but…
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Process for VA Loans May Be Revamped so Veterans Can Better Compete in Tight Housing Market

Posted on Wednesday March 28, 2018
 
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When the new federal budget was recently passed by Congress, there was a provision pertaining to VA loans that could eventually make it easier for veterans and active duty military personnel to compete in the tight housing market.   Under the provision, the Secretary of Veterans Affairs (VA) is required…
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Home Sellers Still Have the Big Advantage in the Current Real Estate Market

Posted on Friday March 16, 2018
 
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Home sellers still have the upper hand in the housing market and there are no signs that this is going to change any time soon.   Inventory is still way down and competition remains stiff for homes that are on the market. January was the 28th consecutive month that the…
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Natural Disasters Are An Increasing Concern for Homeowners and Homebuyers

Posted on Tuesday February 27, 2018
 
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Both homeowners and homebuyers have an increased concern about natural disasters, in the wake of a number of catastrophic events in the U.S. in 2017 that ranged from hurricanes and floods to out-of-control wildfires. These disasters not only took lives, but caused billions of dollars of damage.   How Concerned…
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Which Home Renovations Get the Greatest ROI?

Posted on Wednesday February 07, 2018
 
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Even though it’s still a seller’s market, many homeowners are choosing to stay put and use their home equity to finance home renovations instead. Spending on home remodeling was not only up in the U.S. in 2017, but is predicted to continue to increase through the third quarter of 2018,…
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