• Did You Know That FNMA...


    • Is the largest purchaser and servicer of home loans in the country

    • Sets the loan qualification guidelines for all mortgages provided by lenders intending to send loans to FNMA

    • Changed the guidelines at least four times since the industry imploded in 2007, making it harder to qualify for a mortgage each time

    • Sets the FICO score tiers which can increase interest rates and costs of mortgages across the country

    As they say, “he who has the gold, makes the [golden] rule”

  • Did You Know That...?


    • The lower your FICO score, the higher your interest rate will be... and the more money you will be required to put down?

    • The bank now requires more than two months housing expense in reserves after the closing?

    • Your expense to income ratio can be no higher than 43%?

  • Home Buyer Tax Credit Extended

    As a continued effort to stimulate the U.S. housing market, Congress passed new legislation that:

    • Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010

    • Expands the tax credit to current homeowners purchasing a new home or existing home from November 7, 2009 through April 30, 2010 for up to $6,500

    Both of these tax incentives have income level and time constraints which might apply to the individual. Please check with your attorney and tax advisor for the most current information.

  • FHA to Change Guidelines

    More than 30% of all home loans are currently with the FHA, up from 3% in 2006. Is the Administration taking precaution to avoid the FHA from becoming the new sub-prime mortgage…or is it too late? 

    Secretary Shaun Donovan addressed Barney Frank and The House Committee on Financial Services about proposed changes to the FHA guidelines that will decrease the eligibility of thousands of potential homebuyers. Possible changes:

    •    Down payment requirements will be increased to 5%
    •    Third party contributions to homeowners will be reduced 3%
    •    Minimum FICO scores will be increased
    •    and Mortgage Insurance Premiums (MIP) will go up

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Are You Thinking of Living in North Attleboro

Jan 26 |00:00

Realtor Thursday

 

A conversation with Tiffany Chapdelaine Wetherbee, Realtor® with Kensington Real Estate Brokerage in Attleboro, Massachusetts


North Attleboro is a very nice town to work and raise a family in, I have lived here all of my life and have no intention of ever leaving. My hometown is rich in history. North Attleborough is the birthplace of the jewelry industry and celebrated its centennial in 1987. The North Attleborough Historical Commission and society help to preserve the past for the benefit of current and future residents.

 

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Dale Robyn Siegel is available as a keynote speaker, at corporate conferences and small groups. Never boring and always informative, she will empower you with the right stuff to know about all things real estate.

 

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