Financing Your Home

By amurphy on February 24, 2011

You hear it everywhere today, the media is reporting about the current administration’s plan to reform the mortgage market and do away with or limit government supported programs, such as Fannie Mae and Freddie Mac. But, do you understand what this means to you

By amurphy on December 14, 2010

5 predictions for 2011
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:

By amurphy on December 7, 2010

Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]

By amurphy on November 30, 2010

December 1, 2010 by Angela Murphy, Partner, Revealty
The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online?
The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet to research [...]

By amurphy on January 11, 2010

Want credit and need answers? The following information will help you!

By amurphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

By amurphy on November 5, 2009

Getting a pre-approval is the one of the first steps in the home buying process, but that alone doesn’t get you to the closing table. Knowing the rules ahead of time can help you steer clear of unnecessary pain and suffering. The world of mortgage has changed dramatically in the past few short years. At the peak of the real-estate bubble, mortgage professional joked that you needed a pulse and a social security number to get a loan. These days, even borrowers with good incomes and good credit scores can get turned down.

By amurphy on November 5, 2009

By an 85 to 2 vote, the first-time homebuyer tax credit, due to expire at the end of November, is expected to be extended to contracts written by the end of April and closed by June 30 of 2010.

By amurphy on November 2, 2009

We’re approaching double digit unemployment rates, Wall Street continues to be undependable, and credit card companies are changing their rules left & right even for the highest credit scoring cardholders. The economy is crazy, so who in their right mind is buying a house?

By amurphy on October 30, 2009

Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November.

Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years