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Dean Hartman

Buyers and Sellers Team Up on Financing- Part 2

February 18, 2010

Last week, we began with a premise…that Buyers have a WANT (the lowest monthly payment, even more than the lowest Sales Price) and Sellers have a NEED (to differentiate their home from all the others on the market), and that creative approaches to financing is a method to satisfy both Buyers and Sellers.  Part I [...]

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Buyers and Sellers Team Up on Financing

February 11, 2010

Let’s start with the premise that buyers do NOT buy big ticket items (like a home or a car) based on its sales price; rather, they buy based on their proposed monthly payment (or cost).
Additionally, when looking to sell your home with so much availability of homes on the market, the biggest challenge a seller [...]

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Fed Flip-Flops on House Flips

February 3, 2010

Finally, some good news from the FHA. Effective February 1st, the FHA is waiving their requirement of the “90 day holding period” before home sellers (predominantly real estate investors and speculators) can resell a piece of real estate to a buyer who uses FHA Insured financing.  Given the recent increase of the UFMIP, coming reduction [...]

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The Fed Sends Mixed Messages

January 28, 2010

First, let’s look at today’s announcements by the Fed….

As expected, they held the Fed Funds Rate constant (more on what that means later).
They re-affirmed their prior pledge to stop purchasing Mortgage Backed Securities by March 31.
They said that they expect rates to stay in this range for an extended time.

As was presented on Tuesday, [...]

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New FHA Rules

January 21, 2010

Today, after weeks of speculation, the FHA announced their plan to secure the solvency of the Insurance Fund.  And it is NOT good news for Homebuyers, and therefore, NOT good news for sellers either.  I’ll discuss the particulars in a minute; but first, let’s look at how this is the THIRD nail in the coffin [...]

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6 Questions You Should Ask Your Lender

January 6, 2010

This article is brought to you by guest blogger and mortgage planning specialist, Dean Hartman.  Feel free to leave Dean any questions or comments below.
More and more, consumers are learning that there is much more to getting a mortgage than just the interest rate and points.  A good mortgage planner is more in the advice [...]

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Money to Purchase AND Renovate Your Home

December 17, 2009

Whether you are looking at a Foreclosed Home, Bank REO, a Short Sale, or any home really, you need to be aware of the FHA 203K Program.  The general condition of real estate has taken a dip over the past few years, as homeowners are not sprucing up their homes as they have in the [...]

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Mortgage and Tax Credit News

December 9, 2009

Hello KCM Community!
It is our pleasure to introduce to you veteran mortgage planner (and today’s guest blogger) Dean Hartman.  Yesterday we looked at interest rates and why buying now might be a good financial decision. Today, Dean will take us a few steps further and look at other reasons to move forward on the purchase of [...]

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