This increase could cost you more money each month for their total monthly mortgage payment. What can you do? If they are close to contract, buy now before the new mortgage insurance premium takes effect. You must have an active loan application for the subject property prior to April 18, 2011.
HUD Temporary Flipping Waiver Extended
In an effort to expand access to FHA mortgages and allow for the rapid resale of foreclosed properties, HUD announced a temporary waiver of the 90-day flipping restriction until December 31, 2011.
The waiver is subject to certain conditions, and eligible mortgages must meet these conditions to take advantage of the waiver. The complete text of the waiver extension, including conditions the waiver is limited to, is available on the HUD website.
PS - We are seeing an increase in customers in the Boise Real Estate Market using their tax refund to make a down payment on a property, and it's a GREAT IDEA! As you know, the fantastic opportunity of low interest rates and home prices combined with a large housing inventory makes the current market extremely advantageous to buyers. Call me today to learn more and to get started on your home loan application.
The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs. Boise Real Estate
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com
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