Add a comment | Sunday, August 16, 2009
When my clinet who was going to purchase a new condo from KB home, the state funds to remain at $6M at that time.
When I brought onther client to purchase the same condo, I was so surprised that such fund has run over. The Fed
$8,000 credit seems gone in shortly too.
Add a comment | Saturday, August 15, 2009
The question is often asked by the first time home buyer that what they should to buy, house or condo? I think the most important thing that is the property you need feel conformtable to live in.
It is really up to buyer that what kind of life stley to be. If you like swimming pool newer f loor plan, then go with the newer biult townhouse or condo; if you hate HOA, and want to more provicy, the house is
a good choice.
Add a comment | Saturday, August 8, 2009
30 years conforming rate went up from this week earlier. It is at 5.25% t0 5.5% range. But it is still lower than last year that was at 6.125%. Super conforming is about .125% to .25% higher than conforming rate. ARM 1/3 under 4%, 1/5 to 1/7 are around 4.25% to 4.625%. 15 years fixd conforming 4.75%. To get better rate, borrower needs higher credit score over 720. Also, over 40% down has .25% improved rate. Impounds property tax improves rate too.
