Searching For Properties?

If your looking for properties check out this website. Here you will be able to search for properties in the New York, New Jersey area.....
http://www.searchingnyproperties.com

Have fun!

First Time Home Buyer Questions Answered!

Thinking of buying your first home? But you have so many unanswered questions? Can I really afford a home? How can I find out how much I can afford? How do I start? Here are a few answers to your questions read the article below and check back for more answers to you questions:

http://www.hud.gov/buying/comq.cfm

New Apprasial Ordering Process

Starting May 1, 2009, no one involved in the mortgage process is permitted to select their own appraiser and are not permitted to tell the appraiser what value we need..... No one is permitted to ask an appraiser what he "thinks" the value may be befoe we order an appraisal for refinance.

This is not so bad for new purchases, because we must provide a copy of the contract. But for refinances there is no contract. There is no way to check values before spending the money on the appraisal. Most seasoned mortgage professionals have sites they can go n to get around about idea of values, but again there is no way to get the tru value with out spending money...

The new guidelines applies to Fannie Mae and Freddie Mac loans. It does not apply to FHA and some bank loans.....

Need a seasoned mortgage professional contact:

Dale Biaggi
Sr. Mortgage Consultant
Land Home Financial Services
Office: 800-648-2901
Cell: 831-600-6895
Email: dale@landhomeca.com

Real Estate Tax Credit

Under a new FHA rule aproved lenders can allow first-time home buyers to use the 8,000 tax credit as a down payment. Otherwise, buyers wouldn't get the money until they receive their taw return.

The government wants to enable FHA consumers to access the homebuyer tax credit funds when they close on their home loans so that the cash can be used as a down payment.