http://lendisphere.com/blog Expert Advice Is Always In Season Mon, 10 May 2010 21:33:19 +0000 http://backend.userland.com/rss092 en Heard about the new bill swirling around Congress --  HR 5072?  It raises the monthly FHA mortgage insurance premium from it's current .55% to a new rate ALMOST THREE TIMES HIGHER:  1.55%!! You can thank Congresswoman Maxine Waters (D-CA) for this bright idea at a time when the housing market is showing ... http://lendisphere.com/blog/?p=535  ....why not try this?: How about, instead of hacking away at the purchase price (and your commission), you put that money toward buying down your buyer's interest rate for the first two years?     Let's say you have a property listed at $300,000.  You could  accept a 3% reduction in the price -- and accept a ... http://lendisphere.com/blog/?p=528 Tired of spending your life on the phone trying to work with the bank on a short sale?  Would you like somebody else to handle the back-and-forth negotiation so you can actually market the property?  And while you are living in this frilly fantasyland, how would you like them to be a responsible ... http://lendisphere.com/blog/?p=519 'Member when FHA issued their new waiver of the flipping rules on houses purchased and fixed up in less than 90 days?   In order to boost the sale of the boatloads of foreclosed houses sitting around empty, FHA figured they would loosen the rules a bit and allow a willing ... http://lendisphere.com/blog/?p=514 And I'm sure it's not their FIRST choice.  But USDA Rural Development (RD) announced on March 10, 2010 that funds for the Single Family Housing Guaranteed Loan Program (USDA home loans) will likely be exhausted by the end of April, 2010.  This happens on occasion and generally USDA continues to issue Conditional ... http://lendisphere.com/blog/?p=508   Just a little reminder about the HOME RETROFIT TAX CREDIT coming your way for energy-related upgrades or  installations you do on their properties during 2009 and 2010: New water heater on the honey-do list?  What about some new air conditioning?  You can take a tax credit up to 30% of your ... http://lendisphere.com/blog/?p=499 ......  it couldn't last forever. The January minutes of the Federal Open Market Committee's meeting are out, and it looks pretty clear that the ultra-low interest rate party is going the way of a summer sunset. According to the minutes, the Powers That Be are doing a little back-room brainstorming about how to unwind these ... http://lendisphere.com/blog/?p=469 [caption id="attachment_467" align="alignright" width="300" caption="The Umpire"][/caption] http://lendisphere.com/blog/?p=468 Vanilla. Hope you like it.  Because it's gonna be your only choice. If the Administration gets its way, in the future when consumers go shopping for a home loan,  they will automatically get slotted into what is being called a "Plain Vanilla Home Loan."  Or, as some people are calling them, "Government ... http://lendisphere.com/blog/?p=459 This is such an important video to watch from the boys at ThinkBigWorkSmall.  It's about the slippery relationship between the FDIC and the banks -- in this case specifically IndyMac.  Please watch it and forward it to everyone you know.  Now I understand why Americans, taking economic body blows right and left from ... http://lendisphere.com/blog/?p=454