Buyers who use FHA financing soon will be able to use their $8,000 tax credits for settlement fees, escrow charges, higher down payments or to "buy down" the interest rate.
By Kenneth R. Harney
June 7, 2009
Reporting from Washington — The O...
Mortgage rates have bounced around the past two weeks, with brokers in Orange County quoting rates Thursday in the range of 5 percent to 5.6 percent.
Jeff Lazerson, head of online brokerage Mortgage Grader in Laguna Niguel, said the lowest rates ...
Until recently, borrowers could obtain loans with no points and in some circumstances could avoid paying closing costs too (Escrow, Title, Appraisal, etc). This was possible because lenders would allow borrowers to accept a slightly higher interes...
Using the $8000 First-Time Homebuyer Tax Credit As a Down Payment
Great news for first-time home buyers. This week, Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development stated that the Federal Housing Administration (F...
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