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Picky first-time buyers losing out on great housing deals

I thought that this was an interesting article. I feel like a lot of people pay for the sparkle in a house with a floorplan or in a neighborhood that isn't as great. When we bought our house in 1999 it was move-in ready but needed a lot of updating.

New Housing Bill Will Force Loan Modification

Four senators are putting their muscle behind a new housing bill intended to prohibit lenders operating in the U.S. from foreclosing on home owners without first having discussed reasonable modification options with the borrowers. The bill, called the

Using The Tax Credit Towards Your Downpayment on an FHA Loan

Virginia is one of the 11 states where first time home buyers may use the credit towards their down payment. I am attaching an informative flyer that you may download which has been provided by the National Association of Realtors. This can be used in

Freddie Mac Loan Options & Refinance Programs - Avoid Foreclosure

A friend of mine that works at Freddie Mac sent me an email with the following useful information. It has great information on when it is worth while to refinance even if you are not in trouble but just want to reduce your rate. I think the hardest qualification