Mortgage rates continued to spike this week in the aftermath of the election. Over the past few days, mortgage rates shot up to 4.02% on Tuesday, up nearly a percentage point since the presidential election, the rate spike is the highest since the 2013 and 1987 rate spike. The long-term interest rate hike was led […]
First Time Home Buyers Get Closing Assistance From Fannie Mae
Are you a first time home buyer? In case you haven’t heard yet, Fannie Mae is offering closing assistance of up to 3% when you buy a home listed on Fannie Mae HomePath. On a $200,000 home 3% would be up to $6000 towards allowable closing cost! This would be a great financial assistance for […]
Fed Just Raised Rates, Will It Affect Home Buyers?
It’s all over the news, Fed just raised rates for the first time since 2006. The Fed approved a quarter-point increase in its target funds rate and pledged a slow pace of increases. How will this affect the home buyer? Federal funds rate and mortgage rate Fed’s rate is the interest rate at which […]
Home Made Affordable for Heroes : Palmetto Heroes Program is Here!
Low-interest Loans and Down Payment Assistance Up to $8000 are Now Available For Local Heroes Looking to Buy a Home SC Housing has recently announced that the “Palmetto Heroes Program” is now back to give assistance toward home ownership to selected community personnel in the field of law enforcement, US army or air […]
Is 2014 a Great Year to Buy a Home?
Yes. If you are ready to buy a home today, go ahead and make that decision for if you continue to put off buying a home, you might kick yourself next year for dilly-dallying when interest rates and home prices are not the way they are today. NASDAQ recently published an article about why 2014 […]
Greenville Real Estate Booms with Big Projects
One of the fastest growing cities in the U.S., Greenville is firing on all cylinders, the growth is touching every sector of the economy, from business and finances to housing and commercial real estate. The real estate market particularly in downtown Greenville is booming with many muli-million dollars development plans, some already underway. We […]
Keller Williams Keeps Growing
Keller Williams is getting bigger and bigger. Since it started in 1983 as a single office residential real estate firm in Austin, it has become the largest real estate company in North America. It doesn’t stop at that, Keller Williams went international in 2012 and is now available in other parts of the world including […]
FHA New Policy: E-Signature Now Granted On Documents Associated with Mortgage Loans
FHA has recently announced its new policy to grant lenders to begin accepting documents with e-signature on mortgage loans. The new policy is already effective. Before, electronic signatures were only accepted on other documents such as sales contracts; now with the new policy, it is easier for lenders to work with the FHA. This allows […]
