FHA-Insured Loans

FHA was established in 1934 under the National Housing Act and was consolidated into HUD in 1965. The FHA s purpose is to improve housing standards and conditions, provide an adequate home financing through mortgage insurance, help stabilize the mortgage market and provide homeownership opportunities. HUD acts as an administrator …

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Understand Real Estate Representation

By: G. M. Filisko Whether you’re buying or selling, it’s important to choose representation that meets your needs in the transaction. You have choices when selecting representation in a real estate transaction. Here are five tips for understanding which type of legal relationship with a real estate professional, called an …

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Keep Your Home Purchase on Track

By: G. M. Filisko You’ve found your dream home. Make sure missteps don’t prevent a successful closing. A home purchase isn’t complete until you make it to the closing. Until then, the transaction can fall apart for many reasons. Here are five tips for avoiding mistakes that cause a home …

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Tax Benefits of Homeownership

The tax deductions you re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here s how it works. Assume: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest) $2,700 = Property taxes (at …

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Purchase Assistance Programs

For most first-time homebuyers, the greatest obstacle to owning a home is the down payment. Fortunately, to help fill this need, homebuyers throughout the State of California can access different assistance programs that enable them to reach the dream of homeownership. The federal, state and local government, and non-profit organizations …

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Forms You ll Need to Sell Your Home

1. Property disclosure form. This form requires you to reveal all known defects to your property. Check with your state government to see if there is a special form required in your state. 2. Purchasers access to premises agreement. This agreement sets conditions for permitting the buyer to enter your …

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