Thursday, December 20, 2007
Friday, December 14, 2007
FHA loans which currently require a 3% downpayment may soon require a 1.5% downpayment. In addition the loan limits may also increase in Wisconsin and elsewhere. A bill passed the Senate today 93-1. The bill won't go the president to sign until next year. Currently, about 4% of loans are FHA, according to the report. Higher loan limits and lower downpayments will allow many borrowers to have a better loan than a subprime alternative. To learn more about FHA mortgages call 414-416-9194
Tuesday, December 4, 2007
Home prices nationally have increased more than 80% since 2000, according to the National Association of Home Builders. A lot of focus lately has been on annual growth or annual decrease in value in certain local markets. One needs to look at long term tends rather than annual trends when talking about home values.