Homeownership | featured news

FHA gives those who defaulted on homes another chance

...Critics worry that the FHA is foolishly allowing marginal buyers to get loans just three years after foreclosure with as little as 3.5% down. What's more, the agency doesn't even track how many rebound borrowers it backs. Exactly how much money is hemorrhaging from the agency could be revealed Thursday, when the agency files a self-evaluation report to Congress. Analysts say the FHA could request a bailout from the U.S. Treasury for the first time in its history.

 

Is the Value of Home Ownership Just a Myth?

With home prices down and mortgage rates near record lows, a lot of people feel that now is the perfect time to jump into the housing market.

 

Five Reasons Why You Shouldn't Buy A House Right Now

Everyone keeps saying now is the time to buy. Here's why you shouldn't.

Senh: I agree with one of the commenters for that article - it's one of the dumbest articles on why you shouldn't buy NOW. Right now is actually the best time to buy because of historically low interest rates and low prices. The problem now is it's hard to get a loan.

 

Time for a real estate re-entry?

As housing market is once-again deteriorating, some are pondering a return to homeownership.

Senh: Why not? Mortgage rates are at record lows. Same with home prices. The only problem is it's harder than ever to get a loan.

 

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