What Homebuyers Need to Know About Closing Scams

I love to talk about mortgage loan programs, and how PurchaseOurNewHome.com can direct you to great mortgage professionals who can put you into those mortgage loan programs.  Unfortunately, today I think we should cover a recent scam targeting homebuyers just days before closing on their new home. How do homebuyers get tricked?  Scammers are using…

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HomeBuying in Winter

If you have held off on buying a home in the hopes that prices will drop, you might consider searching for your next home now.  Realtors remind us that there can be benefits to buying a home in the winter. No one loves sloshing through ice and snow, sleet and slush to check out houses…

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5 Reasons to Buy a Home in November

Motivated sellers = more price reductions.  Statistics show more price reductions on home bought in November and December.  If you are looking for your new home now, you can negotiate with confidence, knowing the statistics will bear you up.  If someone offered a higher price, it would have already sold, unless there was a problem…

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Millennials Are Changing First Time Home Buying

The face of majority home buyers in 2019 is millennial.  Their home buying approach is different than previous generations. Tech and connectivity influences Millennial homebuying decisions.  According to a report by the National Association of Realtors, or NAR,  millennial home buyers are looking for smart home devices, starting with locks, lights, thermostats and more.  The…

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Cedar Band Corporation Sued HUD Over FHA Mortgage Assistance Program Changes

On April 18, 2019, US Department of Housing and Urban Development (HUD) issued a clarification of interpretation letter to lenders; Mortgagee Letter 19-06. The letter’s purpose was to clarify documentation requirements when a homebuyer is receiving down payment money from another person or entity.  It was immediately effective, referring to effective date for case numbers…

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