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Helping over 2000 families locally since 2001 #Bergamini #Prescott #Realtor

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Helping over 2000 families locally since 2001 #Bergamini #Prescott #Realtor - 928-227-8575
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Smart Mortgage Update

Smart Mortgage Update FHA Mortgage Insurance Changes FHA will change their mortgage insurance premiums on October 4, 2010. There has been a lot of doom and gloom published about the impact of these changes but when you compare present vs. future, the changes are actually very minor. All FHA loans will continue to have 2 forms of mortgage insurance, the Upfront Mortgage Insurance Premium (UFMIP) and Monthly Mortgage Insurance. Currently FHA charges 2.25% of loan amount UFMIP (added onto the loan) and .55% paid monthly. The new system will actually lower the UFMIP to 1% of the loan am

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Today, we are again honored to have Ken H. Johnson, Ph.D. — Florida International University (FIU) and Editor of the Journal of Housing Research as our guest blogger. To view other research from FIU, visit http://realestate.fiu.edu/ . Dr. Johnson will also be speaking at NAR's Conference and Expo in Anaheim. For more information click here . - The KCM Crew The Research The resale of existing homes fell 3 percent in September according to the National Association of Realtors.[i] A new wave of foreclosures is scheduled to hit the U.S. housing markets.[ii] Homeownership levels experienced their largest decline since the Great Depression.[iii] Is there any good news about housing? Are there any signs of life in the U.S. property markets? In fact, there are significant signs that favor a recovery in many markets around the country. Beracha et al. (2011)[iv] reports that housing affordability is at record levels in most of the country. The study examines housing affordability fro

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