Secure your FHA financing today before these changes go into effect

Starting June 3, 2013 the FHA will no longer allow you to cancel your mortgage insurance premium payments when your loan balance drops to 78% of your property's value. That means you could be paying a mortgage insurance premium for decades!

 

Don't let this happen to you. Secure your FHA financing today before these changes go into effect. Take advantage of down payments as little as 3.5% and some of the lowest rates in history - before they rise again.

Spring Rushes In!

This year, the spring selling season has kicked off with an early, energetic start. Increased showings at open houses, multiple offers on properties and offers above asking price - often within weeks or days. The market now favors sellers, making buyers anxious to take advantage of low interest rates and lower prices before they rise. Call me to discuss the activity in your community and local market trends. 

Here are a few tips for both buyers and sellers that should make the process easier:

Buyers, review your credit score. A solid score can help you lock in a lower interest rate and get a mortgage pre-approval, which you will need in this fast-paced environment then give me a call so that we can discuss what you are looking for and I will help guide you through the entire process.

Sellers, homes are selling quickly, so you'll need to do some spring cleaning, painting and sprucing. Consider having an inspection done and address key issues before placing your home on the market. If you are thinking of placing your home on the market, contact me today. I’ll be happy to provide a complete a competitive market analysis, review competing homes and determine the inventory levels in your locale and price point.

Magan Drane

Direct:410-493-6854

Magan@MaganDrane.com