In June of this year Michigan modified the rules to allow buyers of site condos to qualify for FHA loans. This change allows new home buyers to move into site condos with government backed loans that offer lower downpayments and interest rates. This change significantly helps first time home buyers, purchasers with minor credit issues, …
Read more »Finding the perfect new home is daunting and financing this dream home can be an even more challenging. Most new home buyers do not arrive at contract signing with a personal banker in hand. Most find the struggle to find the right mortgage and lender significantly more difficult than locating their new home. Before you get caught …
Read more »The American Recovery and Reinvestment Act of 2009 provides a tax credit of up to $8,000 for qualified first-time home buyers purchasing a primary residence before December 1, 2009. This is an excellent time to purchase a new home if you meet the criteria set by the government. While the “rules” can appear confusion, much …
Read more »As new home buyers walk into a builder’s model home, they frequently get caught up in today’s standards of open floor plans, walk-in closets, and gourmet kitchens. While these are all important features to consider when purchasing a new home, there are more substantial and much more tangible elements within the decision that need to …
Read more »Yes! Reviewing a builder’s price for square foot for a new construction home is a one task every new home buyer should do before signing a contract. While some home buyers may consider this data point immaterial, price per square foot varies drastically between home builders and geographical areas. It helps differentiate one new construction …
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