How you can still buy a home in Milwaukee with no money down:
Last week the President signed H.R. 3221, Housing and Economic Recovery Act of 2008, into law. The bill contains a provision (SEC. 2113) which forbids FHA from insuring mortgages in which the borrower's down payment comes from a private down payment assistance provider, beginning October 1, 2008. As of this date, the minimum down payment will be increased from 3% to 3.5%.
This means more than 300,000 working class families will be locked out of homeownership in the next year alone. You must act quickly to take advantage of these programs while they are still here.
Saving to buy a home can be a difficult task. For many potential home buyers saving enough money for a down payment and closing costs may take years relegating them to renting instead of owning a home. You can use Gift funds for both first time and repeat homebuyers in Milwaukee or any where in Wisconsin:
●Gift funds up to 6% of the final contract sales towards your down payment and/or closing costs
●Gift funds for both new construction and resale homes
●No repayment of gift money
●No income or asset limits
●No geographical restrictions
These programs are going away, so call me today!!!
To view additional FHA loans requirements in Milwaukee visit our FHA Loan page on our website.
Also view our other Government Loans including VA and Rural Housing.
Ameristar Mortgage is your Milwaukee FHA mortgage banker:
Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.com
Visit my blog at http://www.ameristarmadison.com/blog/
Effective October 1st, 2008 No money down FHA loans are going away!
Announcement $7500 Tax Credit for First Time Home Buyers
FHA mortgage insurance announcement (effective July 14, 2008):
Wisconsin communities Appleton | Waukesha | Oshkosh | Lake Geneva | De Pere | Waunakee | Fremont | Stoughton | New London | Sun Prairie | Neenah | West Bend | Waupaca | Wisconsin Dells | Green Lake | Portage | Fond Du Lac | Racine | Chilton | Madison | Monroe | Kenosha | Watertown | Milwaukee | Wausau | Menomonee Falls | Janesville | Eau Claire
Brian Collins
Visit my blog at http://www.ameristarmadison.com/blogs_brian_collins/
Ameristar Mortgage is your Milwaukee mortgage broker serving Milwaukee Wisconsin since 1988!
Relocating to Manitowoc or Two Rivers area? My name is Robert Worthington. Remember, "Fortune Favors The Brave." Call me at 920-686-1111. Seriously, give me a call 920-686-1111.
The first thing you will notice about relocating to Manitowoc County is...Inexpensive Affordable Homes! The second thing you will notice is that your out of town mindset has you believing your next purchase is going to be a homerun. FALSE.
Manitowoc County is a CONSERVATIVE and PRICE SENSATIVE community. Although housing appears to be an easy "Pick whatever you want Sweetie" type of purchase; I've seen many couples stung like a hive of bees swarming a little puppy.
The fact is: Homes are still priced at their peek asking prices. Absorption rates are remaining steady (meaning supply is greater than demand).
The point of the blog is do your due diligence (with an experienced Real Estate Agent) and negotiate your best deal with the help of a Realtor.
God Bless,
Robert Worthington
Click on the link above for your next and easiest property search in Northern Wisconsin. Welcome to the beautiful Northwoods of Wisconsin. My name is Neil Pluister and Im currently a full time real estate broker for REMAX First in Minocqua Wisconsin. I specialize in lake front homes, waterfront properties and vacant land for sale in Northern Wisconsin. When thinking of property in Northern Wisconsin, Think of Neil Pluister-Northern Wisconsin's One Stop Realtor!
Neil Pluister (715) 367-7270 NEIL@VACATIONLANDPROPERTY.COM
I was with a building contractor the other day and he was asking whether or not compact fluorescent light bulbs (CFLs) were actually any better for the environment. He was talking about how there was a problem with disposal of the light bulbs because of the mercury content in the bulbs.
Focus on Energy is a program in Wisconsin the tries to help people understand problems like this. A recent fact sheet talks directly about this issue. Mercury is indeed not a good thing for anybody's health or the environment, so what about CFLs?
CFLs do contain a small amount of mercury- about 5 mg (milligrams) on average. But, that amount is relatively small. Some watch batteries contain up to 25 mg of mercury and many manual thermostats in people's homes contain up to 3000 mg of mercury!
With proper disposal, CFLs can still save people energy and not have a negative impact. The best option to consider is recycling the bulbs. There are a lot of web sites to look to for help in finding recycling options for CFLs. Here are a few:
Hope this helps with some information!
Here is a super article regarding home equity line of credits issued by lending institutions, specifically Savings and Loans. These lending institutions are arbitrarily decreasing and some times closing home equity lines of credit for you and your customers! Because of complaints, the OTS has issued a regulatory bulletin indicating when it is appropriate to do this. Based on the guidelines that I read, a great many of the decreased or closed lines are being done so illegally. If any of your clients have had this happen to them, please contact bank executive management to reverse their decision.
To have a bank illegally take away access to your customers money is a disgrace. If a customer qualified for a home equity mortgage line of credit, paid for the refinance, and signed the legal mortgage lending documents, they shouldn't have a banker arbitrarily take away this product.
See the following:
S&Ls given warning about freezing credit
The Office of Thrift Supervision warns against improperly lowering credit limits or altering rules for home-equity loans.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
