Recent News From Our Blog

What’s the Deal With the Stimulus Bill?

What’s the Deal With the Stimulus Bill?

It has been awhile, and I apologize.  Between vacations, cold season and the spring market heating up, I have neglected my duty as blogmaster.  Since this has been a hot topic of conversation, I will breakdown some points relevant to property virgins. First and foremost, everyone is talking about the $8,000 federal tax credit.  This [...]

February 18, 2009 | 0 Comments More
How Low Can We Go?

How Low Can We Go?

Interest rates are playing a serious game of limbo lately.  Locking into these rates AND taking advantage of low prices might be something you want to think about. Rates are expected to drop to under 5%.  With some discount points you are there! Another financing sidenote…the FHA financing downpayment goes up January 1st.  You will need [...]

December 20, 2008 | 0 Comments More
Condos and FHA Financing 101

Condos and FHA Financing 101

I’ve been dealing with this a lot lately, property virgins who only have 3% to put down. This leaves them with only one financing option, FHA. So let’s take this scenario. You’re being a responsible buyer, you get pre-approved. You’re thinking, “Hooray, this is great. I can buy any home I want now.” Well not [...]

November 30, 2008 | 0 Comments More
Another One Bites the Dust :(

Another One Bites the Dust :(

Last Friday was your last chance to get purchase assistance from HPAP (Housing Purchase Assistance Program) in DC. The program was frozen due to a projected $131 million shortfall in the 2009 DC budget. HPAP isn’t gone forever, but when it comes back, it will be renewed and revised. Sources say the income cap will [...]

November 21, 2008 | 0 Comments More