Few people are immune from the dream of home ownership, but many don’t have the means to take the leap. Fortunately, programs from the Tennessee Housing Development Agency promote affordable housing; they also facilitate the use of federal and state housing programs for first-time homebuyers and military veterans. As Realtors®, it’s our job to help everyone we can to realize their dreams of home ownership – and agents like Wesley Willoughby use the THDA to live up to the standards that make up Benchmark Realty’s foundation. Willoughby received the THDA Top Sales Agent award because of his proactive stance on helping first-time homebuyers and veterans. So how did he do it? Promoting Affordable Housing Programs Willoughby and his preferred lending partner, Michael Hampton of Peoples Home Equity, host monthly seminars to help first-time homebuyers and veterans take advantage of THDA programs. By advertising these free classes through radio, television and print, the pair hosts between 15 and 25 people each month; as a result, they’ve helped people who were having a tough time breaking through the barriers to home ownership. “This class gives us the opportunity to meet face-to-face with homebuyers to answer the questions they may not be able [...]
As another signal of an improving U.S. economy, the nation's biggest banks have started to loosen mortgage lending standards.
Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year.
A reverse mortgage is exactly what it sounds like -- a mortgage in reverse. Here's some analysis on the program and how it could work for you.
Despite an improving U.S. economy, the nation's banks remain cautious about what they will lend, and to whom.
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today.
The new, revamped HARP program is now available. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac.
Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group's new, costly mortgage insurance premium schedule.
Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums.