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Liz Schneider

FREE Homebuyers seminar

February 25, 2010

6:30-8pm

5201 Waterford Dr, Sheffield Village, OH 44035

We'll have all the professionals available to answer all your homebuying questions whether you're a first time buyer or this is your 5th house!! Get your tax credit & mortgage financing questions answered.

Door prizes, closing costs discounts & refreshments!

Seating is limited- call 440.320.8980 or 440.452.3894 to register today!!

HUD discontinues Incentives

Effective FEb 12, 2010 any properties listed and/or sold with FHA financing as of this date are no longer eligible for the $100 downpayment incentive.

The sales allowance of $2500 for owner occupant purchasers will also be discontinued as of Feb 12, 2010 for all new contracts accepted on or after this date.

The $500 broker bonus for owne occupant purchasers who took advantage of the $2500 sales allowance is also discontinued as of Feb 12, 2010

FNMA offers new closing cost & appliance incentive

FNMA is offering a 3.5% of the final sale price of any FNMA REO to home buyers for closing costs or Whirlpool appliances.

First Place Bank is a FNMA Homepath approved lender. This is a 3% down, NO PMI, NO appraisal mortgage program. Minimum credit score 660. Owner occupied properties.

Buyer must have accepted offer on or after January 28, 2010 & close by May 1, 2010.

Go to www.homepath.com to check out FNMA REO listings in your area!!

Call for details or an application - 440.452.3894!

FHA Changes

HUD announced today changes to the Upfront mortgage insurance premium will begin with case numbers ordered on or after April 5, 2010. The Upfront mortgage insurance premium will be raised from 1.75% to 2.25% of the base loan amount. This premium is usually financed into the borrowers loan.