Loan programs available from the United States Department of Agriculture (USDA) that could benefit borrower’s in many parts of Massachusetts and beyond. Known as the Guaranteed Rural Development Housing Section 502 Loans, these programs are designed for low to moderate income individuals or households purchasing a property in a “rural” community.
Commentary on FHA, USDA, Refinancing, Year end Purchase business, Fannie and Freddie, Foreclosures and the FED Meeting.
New Lead Paint rules went into effect April 22, 2010 requiring major changes in how prep work is done by contractors, landlords and property managers. These rules DO NOT apply to a homeowner doing their own work on their own primary residential property.
Interest Rates Continue to Climb, Lenders Lay off Staff
In the past 90 days interest rates have risen by between 1 and 1.5% for a 30 year fixed rate mortgage. This rapid rise in rates has sent shockwaves through the financing industry and has seriously reduced borrower’s ability to refinance their existing home loans. As a result of this reduction in financing volume, many [...]