All Posts Tagged With: "lehigh valley mortgage"
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 track to [...]
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 [...]
20Jul2008 | admin | 0 comments | Continued
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 [...]
25Jun2008 | admin | 0 comments | Continued
The Mortgage Process
One of the first steps in the home buying process is to get pre-approved. Whether you allreay own a home, or are a first time buyer, you will need to talk to a reputable mortgage lender as soon as possible before you even start to look at any homes.
You may have a general idea of [...]
UPDATE:
YES, you can use Part of the $8,000 Tax Credit to buy your new home. Very few banks are doing ...