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All Posts Tagged With: "new"

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FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick

It didn’t take long for the lower mortgage limits that began October 1st to be changed. As of November 18th the mortgage rate limits were selectively revised with FHA loan limits increasing but with conventional loan limits staying the same. Does this change make a lot of sense? No. Is this change the law of [...]

25Nov2011 | | 0 comments | Continued
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New FHA, VA and Conventional Mortgage Loan Limits

As of October 1, 2011 new and lower mortgage loan limits will be here unless Congress unites and stops the planned changes. Since Congress unites over very few things borrowers are likely to find bright and new loan limits as of Oct. 1st. Note: This material is now out of date. Please go to: FHA [...]

12Sep2011 | | 0 comments | Continued
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Mortgage Loan Limits — Conventional, FHA, VA

The high mortgage loan limits and policies started during the foreclosure worries of 2008 will continue through 2011. Note: This material is now out of date. Please go to: FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick. There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, [...]

15Nov2010 | | 1 comment | Continued
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Do We Have To Disclose Past Mold Problems?

Question: A new home has had complete demolition of all walls because of mold. What type of disclosure is suggested? What type of an inspection? What does this do to the property value? I am a prospective buyer of a new home that got very moldy throughout construction. Answer: Mold is a relatively new concern [...]

2Mar2009 | | 0 comments | Continued
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Is This Employer Abuse?

Question: I have an opportunity to get a new job in a new field. The employer wants me to train and try out for three days. The catch? I won’t be paid for the three days. Is this fair? Answer: I have mixed feelings about this one. On one hand, you’re putting in time and [...]

28Feb2009 | | 0 comments | Continued
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Up or Down — How To Measure Your Local Real Estate Market

The past year has seen a slowdown in real estate markets across the country — and an outright slump in many. But such terms as “slowdown” and “slump” are relative and should be used with care — as should “boom” and “hot”. Given the localized nature of real estate, it pays to ask if there [...]

20Sep2008 | | 0 comments | Continued
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Speculator Risk Soars With Home Builder Discounts

If the full-page ads in my local paper are to be believed, new home demand has begun to flag. The issue is not how many units will be sold, rather it’s the way they’ll be priced. Recent ads have offered new home discounts ranging from $70,000 to as much as $100,000. In many areas across [...]

17Sep2008 | | 0 comments | Continued
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When Must New Homes Be Completed?

While it would seem to make sense that a home could be completed by a given date, the reality is that new home construction includes elements which are beyond the builder’s control. For instance, weather, the availability of building supplies, labor shortages, and other factors can each delay construction. Thus, it makes sense for builders [...]

30Aug2008 | | 0 comments | Continued
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What Does It Mean To “Register” With A New Home Builder?

By “registering” you with each builder when you visit a new home site, the broker is saying that he or she “introduced” you to the property and may have a commission claim if you buy. The same logic applies to open house. Your broker will want to register you with the individual showing the property. [...]

30Aug2008 | | 0 comments | Continued
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Do we need a termite inspection for a new home?

It used to be that lenders routinely required a termite inspection for new homes. The logic was that when you look at a new home you see a finished product. However, weeks before completion, the elements making-up that new home were pipes, wires, and wood. And that wood, sitting outdoors for an unknown amount of [...]

27Aug2008 | | 0 comments | Continued