In February of this 2010, an important change was made that could have repercussions for many condominium and town-home associations. Now entire associations must become FHA certified before purchasers can buy into their developments. Because almost one-third of buyers today use FHA loans, this change can have a drastic effect
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Reverse Mortgage-the Convenience Of Loan Repayment For Old Age
We are familiar with the term mortgage which is a necessary financial factor for those who are having less finance with them while buying a home. On the other hand, reverse mortgage is a similar kind of financial benefit received by the homeowners who are in the retirement age. Here
Continue readingInterested In A Condominium Get A Fha-insured Loan
Mortgage Insurance for Condominium Units (Section 234(c)) program assists potential homeowners in purchasing a home in a condominium development. The prospective condominium must be the potential homeowner’s primary residence. The intent of this federal program managed under the U.S. Department of Housing and Urban Development (HUD) is to insure the
Continue readingAvail Milwaukee Mortgage Loan At Good Rates
Apply for the Milwaukee mortgage loan and avail the various benefits offered by it. When you are planning to buy a home then there are a lot of procedures involved in it and also the availability of finance is a very essential part when you are planning to buy a
Continue readingIts Important For Your Condominium Community To Be Hudfha Approved
The Feds changed the game. You now need to be HUD and FHA approved before your condominium community can offer FHA loans to your buyers. Once your complex is approved you must be recertified every 2 years. If your condo community is not HUD/FHA approved you are missing out on
Continue readingCondominium Rules Being Changed
Condominium buyers have to abide by fresh lending rules. This has compelled many developers to scrap new projects. They fear many buyers will not be able to buy condominiums. The Federal Housing Administration has put a limit on the number of buyers who can avail of loans. There are also
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