November 5th, 2008 by http://fhaappraiserbatonrouge.info
“With downpayment assistance programs (DPAs) now banned from use with FHA mortgages the question arises as to whether there is any replacement for such help.
One idea which has been suggested is the use of a silent second. In basic terms, the borrower gets a loan for some or all of the down payment. There is no monthly cost for the loan, instead the loan is forgiven if the borrower stays in the property for seven years. Also, if half the second is paid back within 18 months the other half is forgiven.
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November 5th, 2008 by http://fhaappraiserbatonrouge.info
http://www.fhaappraiserbatonrouge.info/- - FHA Baton Rouge Appraisers: Fed. Government’s Housing Price Index Shows Louisiana Gained 2.68% And Is Ranked #13
Source: http://www.ofheo.gov/newsroom.aspx
The current statistics offered by the Office of Federal Housing Enterprise Oversight (OFHEO) shows that in the most recent 1 year period ended June 30, 2008, Louisiana showed a gain in home values of +2.68%. The chart also shows [...]
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November 1st, 2008 by http://fhaappraiserbatonrouge.info
“Louisiana is one of only six states faring the best during the current economic crisis, reports Moody’s Investor Services, a provider of independent credit ratings, research and financial information to the capital markets. States with abundant natural resources, that aren’t dependent on the financial services industry and didn’t have home prices escalate wildly are expected to hold up the best. Also in the same category are Alaska, Colorado, New Mexico, Texas and Wyoming. Moody’s gave negative credit outlooks to six states: Florida, Kentucky, Nevada, Ohio, Rhode Island and Wisconsin.”
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