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I am going to be posting a series of articles to fully let you, the consumer/client, know everything there is to know about going with an FHA insured loan.

Most of you know about the “mortgage meltdown” with alot of subprime lenders going under, now FHA loans are making a strong comeback as a useful alternative for first-time home buyers. FHA is also great for home buyers with less than perfect credit. If you are a first-time home buyer or have bought a home before and have less than perfect credit you have come to the right place. We consider ourselves FHA specialists and many colleagues have told us we were way ahead of the curve when it came to the mortgage, while everyone else was scrambling to just become licensed in FHA loans. NOW to find out if this is a good option for you all you have to do is answer a few questions.

Because it’s an FHA loan, lenders will offer you lower, more affordable rates. This is possible because the FHA insures lenders, so they have less risk by taking you on as a borrower.

Want to learn more? Check back every couple of days, we’ll eventually post up the full guide. And if you’re in the mortgage industry, contact us for the Informative powerpoint for mortgage professionals.

As always, for a personalized analysis, connect with one of our specialists online
Or give us a call 908-625-4982

We love working with realtors. Education is the name of the game, and a well educated realtor will help when pricing a home, it also takes a knowledgeable realtor to put a buyer into the right home. We’ve been working with Millennium 21 Realty since we both started our own companies. They are great people and I’ve got to say Jim Finkel (owner of Millennium 21) is one of the best. They specialize in Foreclosures that they are able to sell well below market value and they are currently looking for buyers!

If you need anything from them whether its a simple phone call for advice to something big like buying your first home.. Go ahead and give Jim a call, but dont forget to tell them Sharon Ford sent you!

Also check out their website on my Blogroll

How do you know if its the right time to sell?

Ask yourself.. Are you looking to buy a bigger house? or Are you downsizing and looking for something smaller?

Moving up to a bigger house makes sense in todays market. The concept is simple. Let me give you an example.

Say you think your house is worth 300,000 and you want to buy the house of your dreams that might have been worth 800,000. The only problem is you don’t want to lose money due to a 20% decrease in housing values.

BUT if you think about it, it makes sense to take a 60,000 dollar loss on your 300,000 house today and get a 160,000 dollar discount on your 800,000 dollar dream house.

On the other hand.. If you are thinking about downsizing you should probably wait unless you absolutely need to sell.