Mortgage rates have been steadily climbing, from a low of 4.5% around November 27, 2009 to above 5% on December 22, 2009. For the past two months I've been warning that this will eventually happen. It's not because the economy is recovering; it isn't recovering. The reason mortgage rates will r
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12/22/2009
If VA home loans and FHA mortgages are great for buyers, why won't sellers accept them? Debbie Rumsey suggested as much when she commented on my post about VA condo complex approvals, here on Active Rain. Here is how real estate agents can debunk seller-held myths and get an FHA or VA offer acce
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12/21/2009
I've probably funded 40 VA home loans in 2009, many of them for unapproved condominium complexes. In Southern California, it's quite common along the coastal communities for buyers to look at condos, townhomes, or PUDs as lower-cost alternatives to single-family homes. Declining prices, along w
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12/19/2009