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Archive for the ‘HOME BUYERS’ Category

A Home Buyer Poll conducted by TD Bank of more than 1,300 Americans revealed that:

  • 64% of women say home ownership is essential in achieving the American Dream,
  • 52% of men say owning a home is a vital component of achieving the American Dream.

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Real Trends 500 ranked NRT LLC #1 Residential Real Estate Company in the U.S. for 15 consecutive years – ranked by Closed Sales Volume for 2011. NRT and Coldwell Banker Residential Brokerage is #1 real estate company with the Highest $$$ volume of sales and #1 real estate company with the lowest average days on the market.

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Contact Vivianne Rutkowski for a professional real estate representation:

Vivianne.Rutkowski@cbmove.com; VivianneRutkowski@gmail.com;

540-229-5429

http://www.cbmove.com/Vivianne.Rutkowski

http://www.RealtorVivianneRutkowski.com

Watch the video:

http://www.youtube.com/watch?feature=endscreen&NR=1&v=ihWmTChfPa4

Real Trends 500 ranks NRT LLC #1 Residential Real Estate Company in the U.S. for 15 consecutive years.

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The Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012 has been signed into law. The Act includes a number of changes to the Department of Veterans Affairs’ (VA) Loan Guaranty program, including reverting back to the previous method of calculating maximum guaranty. This resulted in some loan limits increasing.

While VA does not have a maximum loan amount, the following county “limits” must be used to calculate VA’s maximum guaranty amount for a particular county. These limits apply to all VA loans closed August 6, 2012 through December 31, 2012. (more…)

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Despite rock-bottom mortgage rates in 2012, the cost of getting a loan is on the upswing, thanks to reduced competition among banks and tougher lending requirements. Some analysts say part of the reason behind the increase in fees is the increased cost to lenders of processing loans with more paperwork required nowadays. (more…)

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The majority of Americans don’t fully understand how credit scores are formulated, according to a survey released by the Consumer Federation of America. That gap in credit knowledge can cost them when applying for a mortgage. (more…)

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Increasingly, young people are delaying the pursuit of home ownership because of outstanding student loan debt — which now tops $1 trillion, according to the Consumer Financial Protection Bureau.

“Some student loan payments are as high as a mortgage,” notes Cari Sweet-Kostoplis of the Jersey Mortgage Corp.

Student loan debt now surpasses the amount owned on all credit cards issued in the U.S.

And unless Congress agrees to extend subsidies to keep student loan rates at 3.4%, the rates are set to double in July 2012.

Because most lenders’ underwriting standards limit total debt payments to just 45% to 50% of a borrower’s adjusted gross income, many first-time buyers are rejected for home financing, which usually accounts for 33% to 35% alone.

http://www.govtrack.us/congress/bills/112/s2343

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SOURCE: “Student-Loan Debts Keep Them From Buying Homes,” Sarasota Herald-Tribune

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Starting June 15, 2012 as per the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, both agencies must give short-sale buyers a final decision within 60 days. (In a short sale, a lender agrees to accept less than the balance on a mortgage.)

The new guidelines also will require the mortgage giants to respond to initial short-sale requests within 30 days of receiving an offer from a potential buyer. (more…)

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