Submitted by Michael Klacik on February 24, 2015 - 3:04pm
A few months ago Fannie Mae, Freddie Mac and FHA made some changes to allow more people to qualify for home mortgages. Fannie and Freddie approved 3% down-payment loans and eased up on credit requirements, and FHA reduced the private mortgage insurance premiums on it's low down-payment loans.
Now some of the lenders are offering new loan programs based on these changes and are easing up on their own stringent credit score requirements. This is good news, as it always takes some time for changes to get implemented and actually benefit the public.
Read more about these changes by reading the post from NAR's Daily News Magazine, or please call us anytime for guidance. We're here to help. Why Buyers May Find Mortgages Easier to Get - Good news for potential home shoppers: Lender requirements regarding credit scores, down payments, and other key terms are finally loosening up.... [NAR Daily News]
Home ownership may be worth putting off the wedding . . . at least for millennials.
According to a survey of more than 2,000 adults conducted by Harris Poll, on behalf of Redfin, 38% of Americans aged 18-34 say they would, or have, delayed their wedding or honeymoon so they could afford to buy a home.
With the average wedding cost hitting an all-time high of $29,858 last year, according to TheKnot.com, saving for a down payment may take precedence over saving for a wedding.
Submitted by Michael Klacik on February 13, 2015 - 1:52pm
Common sense tells us to keep our pets inside as much as possible during the really cold days and nights.
Of course, tolerance for the cold varies from pet to pet, but when it's this cold outside it's safe to assume that long exposure to the out-of-doors is unsafe for any pet, regardless of their tolerance.
All information is believed to be reliable, but is not guaranteed and should be independently verified with a real estate professional. Klacik Real Estate is a member of the National Association of REALTORS® Equal Housing Opportunity.
A few months ago Fannie Mae, Freddie Mac and FHA made some changes to allow more people to qualify for home mortgages. Fannie and Freddie approved 3% down-payment loans and eased up on credit requirements, and FHA reduced the private mortgage insurance premiums on it's low down-payment loans. 
Home ownership may be worth putting off the wedding . . . at least for 
Common sense tells us to keep our pets inside as much as possible during the really cold days and nights.