ALL FHA BUYERS! You MUST have your lender pull an FHA case number by this FRIDAY, APRIL 2, 2010 in order to avoid the higher up front mortgage insurance premium. It's increasing from 1.75% to 2.25% which is added on top of the mortgage therefore increasing the monthly payment. It won't be outrageous but still an increase nonetheless.
FEDERAL TAX CREDIT - Don't forget about the deadlines for this credit. Your buyers and/or sellers if they qualify, must be in a ratified contract no later than April 30, 2010 and close no later than June 30, 2010 in order to qualify for this credit. We've heard no talk at this point of any further extention time.
That's all for now folks! HAPPY SPRING!
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Our company is proudly celebrating our 22st Anniversary this year and looking forward to 22 more! Several other branches in MD, VA, PA, DE, NC, SC, GA, FL and TX.
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