DECEMBER-2009 Newsletter by Steve Young
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Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
Heard on the news this morning that some of the Dallas Cowboys football team came to visit at Cook Children's in Fort Worth and the comment from several players was they know it did the kids good but the good it did the players was probably even greater.
…Coupled with home prices remaining relatively low, TAX credits
for first time and current home owners plus first time bond monies and down payment assistance makes this a great time to sell and or buy in today's market!
What do I do first you ask? Call me, 817-276-5149, and then I'll get you in touch with a mortgage officer that knows the programs that are available for you. The foundation of your home purchase begins with getting approved for a loan, obtaining information that could save you money, then with that you are ready to find that perfect home for you and your family.
The Federal Housing Administration (FHA) has released new lending insurance restrictions for condominium buyers and developers.
The FHA’s tighter lending standards include restrictions on buildings with poor finances, too many delinquent owners and a high number of rentals. The agency will also require at least 30 percent of units in new buildings be pre-sold before it will insure any loans; this will rise to 50 percent in 2011.
The stipulations have been set to protect the FHA from insuring loans with a risk of falling into delinquency.
About 18 percent of loans currently insured by the FHA are either delinquent or in foreclosure, and the agency’s money reserves have dipped below the federal minimum.
Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
Hope your able to come to Cowboy stadium for this big shindig. Look forward to being MC & seeing everyone
Steve Young
817-276-5149
http://www.steveyoung.pro
steve@steveyoung.pro
Steve Young
RE/MAX Associates
(817) 276-5149
http://www.steveyoung.pro
http://www.steveyoungtexasrealestate.pro
https://stevesellsdfw.wordpress.com
steve@steveyoung.pro
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