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Are you getting the tax credit you deserve?

Historically low interest rates and federal home buyer tax credit have combined to create one of the most attractive first-time buyer markets in recent memory. What many Americans might not realize is that a recent expansion of the buyer tax credit has Read More...
Posted Sunday, January 31, 2010 10:39 AM by Hector Mesa | 0 Comments

FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced Tuesday. The change is among a number of major changes the FHA is making to ensure its long-term financial soundness. Borrowers Read More...
Posted Saturday, January 23, 2010 4:13 PM by Hector Mesa | 0 Comments

Record Streak Continues for Pending Home Sales

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts Read More...
Posted Saturday, October 03, 2009 2:45 PM by Hector Mesa | 0 Comments

New Regulations, FICO Study Big News for Credit Card Holders

RISMEDIA, August 31, 2009-(MCT)-Last week brought significant news to credit card holders. First, the initial phase of a landmark bill overhauling credit card laws took effect, and a new study shed light on the growing practice of credit card issuers’ Read More...
Posted Monday, August 31, 2009 8:11 AM by Hector Mesa | 0 Comments

Will The FHA Insure Loans With Nothing Down?

Will The FHA Insure Loans With Nothing Down? Here today, gone tomorrow. That pretty much describes HUD's one-day policy regarding FHA loans with nothing down. The whole matter began on May 11th when HUD published a “mortgagee letter” which Read More...
Posted Tuesday, August 04, 2009 3:07 PM by Hector Mesa | 0 Comments

First time buyers could receive a $7,500 tax credit if they purchase soon.

Homebuyers get a bonus in the stimulus bill NEW YORK (CNNMoney.com) -- If you're thinking of buying a home, there could be a big bonus for you in the economic stimulus bill that's now before Congress. Among its many provisions is a $7,500 tax Read More...
Posted Friday, January 30, 2009 9:06 AM by Hector Mesa | 0 Comments

Financing Facts Buying Real Estate

What to Do First Obtain a copy of your credit report and check for errors. Do this prior to your lender ordering one. Mistakes are found. To get copies of your credit report! Next gather all your financial data. Lenders will want to see bank account statements, Read More...
Posted Wednesday, August 13, 2008 10:06 PM by Hector Mesa | 0 Comments

Hector’s 1, 2 STOP Strategy!

Hey guys, This is the first and probably the most fundamental strategy that you will begin with. It is used for those without sufficient experience in the buy to let market. In a nutshell it works like this: once you are in a position to invest simply Read More...
Posted Wednesday, August 13, 2008 1:41 PM by Hector Mesa | 0 Comments

Fannie, Freddie Loan Limits Raised For More Than 70 U.S. Counties

More than 70 counties across the U.S. will see limits for mortgage loans backed by Fannie Mae and Freddie Mac rise to $729,750 -- the new maximum limit set by the economic stimulus bill, the Federal Housing Administration announced today. The counties Read More...
Posted Sunday, March 16, 2008 8:21 PM by Hector Mesa | 0 Comments