All Posts Tagged With: "lehigh valley mortgage"

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$8,000 Home Buyer Tax Credit EXPIRES 11/30/09

The clock is ticking for Lehigh Valleuy buyers who want to take advantage of a $8,000 first-time homebuyer tax credit because all sales must close by the Nov. 30 deadline. The American Recovery and Reinvestment Act of 2009 authorized a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence between Jan. [...]

22Dec2011 | GoValley | 0 comments | Continued
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Lehigh Valley Mortgage Rates at 4 year low!

Now more than ever is the absolute best time to buy a home here in the Lehigh Valley. As a result of the current economic climate, Lehigh Valley Mortgage rates have dropped to the lowest rates they have been in over 4 years. This creates a tremendous buying opportunity for anyone looking to buy real [...]

16Dec2011 | GoValley | 0 comments | Continued
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Buyers flock to FHA, government-backed loans

// –> // –> Borrowers are flocking to government-insured loans, particularly those offered by the Federal Housing Administration, as they seek to refinance out of costly adjustable-rate mortgages or take out purchase loans with low down payments.  The Mortgage Bankers Association says applications for government-insured loans were up 133.9 percent in July from a year [...]

13Dec2011 | GoValley | 0 comments | Continued
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USDA Insured Home Loans with Zero Down Payment

USDA insured home loan key points:   ·         100% loan to value, no down payment required! ·         Unlimited seller assist – payment towards buyer’s closing costs ·         Finance closing costs up to the appraised value of the home ·         30-year fixed rate, no balloons, no prepayment penalties, no recapture fess, etc. ·         Current interest rate:  [...]

12Dec2011 | dominion | 0 comments | Continued
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Housing bill on track to pass Senate

Foreclosure aid: Measure would help about 400,000 homeowners. The Senate cleared the last hurdle Friday to passing a housing rescue aimed at sparing hundreds of thousands of homeowners from foreclosure and bolstering troubled mortgage giants Fannie Mae and Freddie Mac. The 80-13 test vote showed broad support for the election-year package and put it on [...]

9Dec2011 | admin | 2 comments | Continued
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Bridge Loans Explained

Bridge loans, sometimes known as swing loans, are short term loans intended to access trapped home equity for the purchase of buying a new home.  For example, if John and Mary Homebuyer have their current home for sale and will net $200,000 (equity) after paying their selling costs and current mortgage.  That $200,000 will be [...]

8Dec2011 | dominion | 0 comments | Continued
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U.S. Senate Passes Housing Stimulus Bill

The U.S. Senate passed a bipartisan mortgage rescue bill last Friday that allows the Federal Housing Administration to refinance troubled mortgages – even those that are under water – as long as banks agree to take a loss. The program would allow the FHA to help as many as 400,000 home owners. Now the bill [...]

6Dec2011 | admin | 0 comments | Continued
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Tips for Higher Fico scores

More than ever, fico scores are important for mortgage loan approval and a factor in determining the interest rate on most conventional home loans.  Here is the short list to maximize your fico score:  #1 pay everything on time, this cannot be emphasized enough, #2 establish credit if you do not have a mix (mortgage, [...]

1Dec2011 | dominion | 0 comments | Continued
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Now Is The Time To Buy In The Lehigh Valley!

If you are considering buying a home here in the Lehigh Valley – NOW IS THE TIME. Contrary to what you may see or hear on the news, yes you can get a mortgage. If you have a job, a decent credit rating, and at least 3% down payment, there is a very good chance [...]

30Nov2011 | GoValley | 0 comments | Continued
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Rates Are Going Back Up!

Just a few short weeks ago mortgage rates were still dropping and even people with less than perfect credit could buy a home here in the Lehigh Valley for just over 6%. Persons with strong credit scores (over 650) were getting 30 year fixed rate loans for 5.5 – 5 3/4%. But those days are [...]

29Nov2011 | admin | 0 comments | Continued