Is an F.H.A. loan the right choice for you?

F.H.A. backed loans cater to first-time buyers because they require as little as 3.5% down, but insurance premiums are high. Check out this New York Times article for more information. http://www.nytimes.com/2013/12/08/realestate/the-downside-to-fha-loans.html?_r=0 Interested in the Austin real estate market? Contact one of 787 Realty’s great Realtors today!

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The Dreaded Low Appraisal

When financing a home purchase, an appraisal must be ordered by the lender. Occasionally, the appraisal comes in too low and we must justify the higher sales prices to the banks. The link below from the New York Times outlines the what, why and how of low appraisals and the options available to buyers when [...]

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Know Your Financing Options

Financing is an important part of the home buying process for the majority of purchasers. Interest rates on fixed-rate mortgages have risen over recent weeks and this increase has made adjustable-rate mortgages very tempting for buyers as they typically come with a lower interest rate in the beginning years of the loan. The New York [...]

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