Tips and tidbits about the local Triad, NC real estate market from someone who lives it everyday...
Tuesday, March 23, 2010
A Double Whammy
Everyone knows that the tax credit "under contract by" date is April 30, but a lot of folks don't realize that coming soon, FHA funding fees will increase. So many people rely on FHA loans for their home purchases, and when that upfront fee increases, more cash will be required to close. You can get MORE house NOW for the same amount you will be able to get LESS house for LATER. If you are on the fence, jump off and call today!
Labels: buyer, market, local
FHA,
funding fee,
real estate,
tax credit
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