What was hoped to have happened in October was finally announced Tuesday.  The Federal Reserve plans to buy up $100 billion in direct debt from Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.  They are also going to buy up to $500 billion of mortgage backed securities.  The Fed said that "the $600 billion effort to support the mortgage market was being taken to reduce the cost of home mortgages and increase their availability."  So what does this...continue reading...

This is the fourth and final post in a series that deals with important aspects of FHA financing. The first post provided an overview of the program. The second post detailed FHA credit requirements The third post discussed the income and employment requirements. This post will discuss the down payment and asset requirements necessary to obtain an FHA home loan. Minimum Down Payment In today’s challenging market, this is probably the most attractive feature of the FHA home loan - the minimal down payment requirement....continue reading...

While some agents and companies are stepping back or stepping out of the real estate arena, some of us are finding an opportunity to diversify during this challenging market downturn. As an agent I am now working harder to provide the kind of service and presence that will provide my clients a much higher level of service. Building lasting relationships is my highest goal and and I achieve results, even in this tough market. Listed are examples of TOOLS that I use to be...continue reading...