Tips on House Hunting in Indiana
The real estate market can be confusing. With some basic knowledge, it can be a little less intimidating. Following are some tips on house hunting in Indiana that we hope you will find helpful in the home buying process. Before you begin house hunting, talk to a mortgage adviser about getting pre-qualified first. click here to see if you’re eligible for pre-qualification If you are not planning on staying long term, don’t buy a home that backs or faces a busy road. Although you may not mind the noise in this location, you could potentially have a hard time reselling the house in the future. When you are trying to make a deal on real estate, do it moderately. Often, people who are too aggressive about trying to make the best possible deal...
Read MoreGreat News Indiana! FHA Lowers Mortgage Insurance Premiums For Some Refinancing!
Great News Indiana! FHA Lowers Mortgage Insurance Premiums For Some Refinancing! The Federal Housing Administration will lower mortgage insurance premiums for borrowers who refinance their loans as part of President Barack Obama’s plan to improve the housing market. The FHA will reduce up-front premiums to 0.01 percent of total loan amount from 1 percent under the plan announced by Obama. Annual fees will be cut to 0.55 percent from 1.15 percent for borrowers with FHA loans made before June 1, 2009, according to a fact sheet distributed by the Obama administration. ”I’m not one of those people who thinks we should just sit by and wait for the housing market to hit bottom,” Obama said at a recent news conference. “There are...
Read MoreIndiana Mortgage Relief: Obama Announces Help for Homeowners
Indiana Mortgage Relief: Obama Announces Help for Homeowners WASHINGTON — President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration’s latest efforts to address a persistent housing crisis. On the heels of economic crisis, any Indiana mortgage relief is a welcome sight! In his first full news conference of the year Tuesday, Obama announced plans to let borrowers with mortgages insured by the Federal Housing Administration refinance at lower rates. That could save the average homeowner more than $1,000 a year. Under the housing plans Obama announced Tuesday, FHA-insured borrowers would be able to refinance their loans at half the fee that the FHA...
Read More203K Loan Requirements
An FHA 203k loan can be an excellent option for anyone looking to purchase and rehabilitate an older house, or for those looking to refinance and/or remodel their existing home. Before embarking on the application process for one of these loans, however, it is important to know the ins and outs of 203k loan requirements. An awareness of the qualifications for loan eligibility can better prepare potential borrowers to meet with lenders and contractors. 203K Loan Requirements : The Basics In a nutshell, a 203k loan is a federally backed construction loan that is overseen by the Federal Housing Association, part of the U.S Department of Housing and Development. The loans aim to improve appearance and livability of single- family homes, or extended family homes of up...
Read MoreIt’s Time to Fall Back! Tonight’s the Night!
It’s time to fall back one hour at 2:00 AM, Sunday, November 6th. Most people choose to set their clocks back before turning in for the night rather than getting up at 2AM to do so. Just don’t be that guy that shows up to church or work an hour early!
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