March 1, 2012
I just wanted to send you out an update that will affect us all. Beginning April 1st FHA’s upfront MI fee will be increasing from 1% to 1.75%. The monthly MI fee will be increasing from 1.15% to 1.25%. While not a huge increase in monthly costs to the buyer, this would be a great reason go ahead and find your next home if you have been prequalified for an FHA loan. As always, please let us know if we can help any of you and please don’t hesitate to shoot teambates an email or giveus a call if you have any questions.
Here is a link ot HUD, for those folks who feel they can digest this infomation from,” the Man”, himself.lol
Definately give us a call if you have any questions, we have lenders that live an breath this stuff who wold be more than happy to assist you.
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FHA, real estate | Tagged: April 1st FHA mi rates increase, FHA MI RATES INCREASE, fha rates, FHA upfront fees increase as of april 1st | 
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Posted by Tommy & Marsha Bates
July 22, 2011
Leave a Comment » | FHA, Interest rate Historical over the years | Tagged: Birmingham real estate, Historical information on interest rates, historical interest rates, interest rates, interest rates history, Keller Williams, Keller williams Realty Metro South, mortgate rates, teambates, tommy and marsha bates | Permalink
Posted by Tommy & Marsha Bates
July 14, 2011
FHA Extends Grace Period For Jobless Homeowners
by Sick & Tired Yesterday at 1:56 pm
http://www.battlecreekenquirer.com/article/20110713/OPINION01/107130301/FHA-extends-grace-period-jobless-homeowners
Housing continues to stall the nation’s economic recovery, with foreclosed homes dragging down prices and unemployed homeowners struggling to meet their mortgage payments.
Last week, the Obama administration announced another step to help jobless Americans avoid foreclosure, but thus far the government’s efforts have failed to stop substantial numbers of Americans from losing their homes..
Leave a Comment » | FHA, Foreclosure, home sales, Home Values, Mortgage Information, real estate | Tagged: 2010 home values, Alabama foreclosures, Birmingham real estate, FHA, Fha backed home loans, Foreclosure, Keller williams Realty Metro South, teambates, tommy and marsha bates | Permalink
Posted by Tommy & Marsha Bates
May 14, 2011
we have found a way for you to take advantage of this awesome market before it changes and interest rates start going up or our “buyer’s market” start to turn and prices start to increase. Because if you have previously tried to rent your home, lenders couldn’t qualify you to buy a new home and take advantage of this market. WELL, IT’S CHANGED! You can buy a new home and, possibly not have to bring $20,000, to the closing table. INTERESTED YET? If you are considering taking this kind of Hit on your home, to sell it. WE may know someone who can help.
Teambates thinks we could be experiencing a housing shortage this year, because of the tornado victims relocating out of “tornado alley.” We have a client that has been qualified to buy a home and is going to rent their home until the market changes in their favor. Our clients had been told they couldn’t qualify until they sold their current home; however, we have found a lender that has enabled them to Rent their existing home and take advantage of this market and buy a home. Don’t miss out on this awesome market. TAKE ADVANTAGE OF IT. If you are not currently listed with a real estate company, and want to learn how to take advantage of this market and rent your home and turn it into an investment property and earn income on it until the market changes. Does this sound like a WIN! WIN? Give Teambates a call at 205-965-8080 or 205-966-7795.
Leave a Comment » | FHA, Newsletter, real estate, Sellers | Tagged: advice on selling a home, Birmingham, Birmingham real estate, FHA, First Time Home Buyers, future in home values, Keller Williams Realty, Keller williams Realty Metro South, mortgage, mortgate rates, teambates, tommy and marsha bates | Permalink
Posted by Tommy & Marsha Bates
May 5, 2011
If you have a home and need to talk to someone about the federally funded program, fha 203 h. We know someone who knows how it works and can walk you through the process and get your rebuild financed. DON’T Assume you can’t rebuild or get financing, before your give up hope, call us find out what we know and we will direct you to a professional who can help you!
HUD Presidentially-declared Federal Disasters.
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Posted by Tommy & Marsha Bates
February 1, 2011
Click on the links below to see the specifications of these loan changes that Fannie Mae has made to allow our clients to buy homes prior to the expiration of the one year redemption period.
Below are links to the Announcement and FAQ’s….
Link to the Fannie Mae Announcement
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/sel1010.pdf
Link to Redemption Period FAQ’s
https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/pdf/redmptperfaqs.pdf
If you still have questions, we understand, call us and if we can’t answer them, we have awesome lenders that we can call and get answers for you.
Leave a Comment » | FHA, Foreclosure, home sales, Right of Redemption | Tagged: Fannie Mae, Fannie Mae changes, Fannie Mae guidelines, Fannie Mae Right of Redemption, Right of redemption expiration date, Right of redemption period | Permalink
Posted by Tommy & Marsha Bates
