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Don't forget to turn your clocks ahead this weekend. With the winter that we have had nationally, that will be a great feeling! Also, only 50 days left to qualify for the tax credits by having a signed agreement by April 30th. Let me know if I can...
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Here on the East Coast we have been hit by 3 major blizzards in as many weeks. That has had an obvious effect on buyer traffic and many listings haven't had any showings during that time. But better weather is on the horizon - 52 degrees on Sunday...
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There have been several recent changes in FHA loans, such as reducing the amount of seller assist that a buyer can get from 6% of the sale price to 3%. For information on other changes, please contact me....
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If you plan to take advantage of the $8000 first time buyer or $6500 current homeowner tax credits, you must have a completely executed agreement of sale by April 30th and have until June 30th to go to settlement. Please let me know if you have any questions...
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There have been several recent changes in FHA loan requirements: Mortgage insurance has been increased from 1.75% to 2.25%. This will not have a huge effect since it is over the life of the loan. Downpayment required: 3.5% with a credit score above 580,...
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