Tag Archives for " finance "

January 29, 2015

FHA to Reduce Annual Insurance Premiums

FHA lower mortgage

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

Reduction to increase credit affordability and reflects improved economic health of FHA

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years. Read FHA’s Mortgagee Letter.

Today’s action also reflects the improved economic health of FHA’s Mutual Mortgage Insurance Fund (MMIF). FHA’s recent annual report to Congress demonstrates the economic condition of the agency’s single-family insurance fund continues to improve, adding $21 billion in value over the past two years.

“This action will make homeownership more affordable for over two million Americans in the next three years,” said U.S. Department of Housing and Urban Development Secretary Julián Castro. “Since 2009, the Obama Administration has taken bold steps to reduce risks in the mortgage market and to protect consumers. These efforts have made it possible to take this prudent measure while also ensuring FHA remains on a positive financial trajectory. By bringing our premiums down, we’re helping folks lift themselves up so they can open new doors of opportunity and strengthen their financial futures.”

In the wake of the nation’s housing crisis, FHA increased its premium prices to stabilize the health of its MMI Fund. In addition, the Obama Administration took dramatic steps to safeguard consumers in the mortgage market to ensure responsible borrowers continued to have access to mortgage capital as many private lending sources tightened their lending standards.

Today’s reduction will significantly expand access to mortgage credit for these families and is expected to lower the cost of housing for the approximately 800,000 households who use FHA annually.

FHA’s new annual premium prices are expected to take effect towards the end of the month. Read FHA’s Mortgagee Letter.

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September 29, 2014

Charlotte’s Top Selling Areas

Sun City Lakes in Indian Land

Last week the Charlotte Business Journal listed its two top selling residential neighborhoods for the year of 2013 ranked by number of single family home closings. The lists comprised of new home sales and over all sales included Sun City Lakes in Indian Land and the Lawson neighborhood in Waxhaw.

Sun City Lakes was in first position on both lists with 392 closings, with the average list price of about $315,000. This active adult community boasts over 135 social clubs, indoor and outdoor pools, a community garden and dog park, and various courts for games.

The second neighborhood on the list was Lennar Corporation’s Lawson neighborhood in Waxhaw. This community closed 186 homes with 168 of them being brand new homes. This up and coming

Showcase waxhaw listing

302 Eagle Bend Dr.

neighborhood boasted an average sale price of $298,000. Showcase has a property listed in the hot Waxhaw area located on a golf course in Eagle Bend. This luxurious house has many amenities aside from backing up to the golf course. The Mediterranean style villa has a professional grade kitchen and features an outdoor living space fit to host any gathering.

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September 19, 2014

Investing in HUD Homes

Investing in HUD Homes

HUD homes have become a very hot commodity in today’s housing market because of the opportunity for investment. The Department of Housing and Urban Development acquire these homes as a result of an FHA-insured mortgage being foreclosed. HUD then becomes the property owner and offers the sale of these homes to recover the loss on the foreclosure claim.

Millenials are beginning to take the most advantage of these programs as they enter the housing market because of the great deals and assistance they can receive with this program. Two such programs are the $100 dollar down program and the Good Neighbor program. For some qualified individuals you can put a down payment of $100 dollars on a house and work out the financing from there, which gives a great opportunity to people that do not have much cash on hand. The other program that is beneficial is the Good Neighbor progam, this program helps teachers, fire fighters, police, and emt individuals buy their home at 50 percent of the HUD value

HUD Showcase realty

HUD homes are a great investment.

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HUD homes are discussed in our July 17 podcast of Nancy Brauns News Talk 1110 WBT show “How’s the Market: Real Estate. Real Answers.” In this episode Nancy and Wes Pruitt speak with a new millennial home buyer, Heather Hamilton, about her experience in buying her first home. Wes speaks about the down payment assistance program that many first time home buyers are starting to take advantage of. This investment opportunity is not only for first time buyers though many homeowners are using these HUD houses to generate more income as rental properties.

For more information you can visit the HUD website at Hudhomestore.com you can see a full inventory of local homes and others across the country. In fact when on this website if houses are listed for over 60 days they become discounted. To view available listings you can visit the website above or call our office at 704-997-3794.

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September 15, 2014

Nancy Braun Speaks at the 2014 Five Star Conference

Nancy Braun Speaks at the 2014 Five Star Conference
Force Rally, Showcase Realty

Nancy will be attending the Force Rally this week!

On Sunday, September 14 Nancy Braun welcomed the Force members, asset managers, and servicers to the 2014 Five Star Conference held in Dallas, Texas. The fourth Nancy Braun Showcase realtyannual force rally is an academic and networking opportunity for agents and brokers to meet with leading lenders, servicers and asset managers. As one of the Force Advisory Board members Nancy is striving to make this year one of the best conferences yet.

Through round table discussions, panels, and keynote speeches  the force rally will educate all of its attendees with the newest information in compliance, foreclosure, investment, property management, REO and servicing.

The keynote engagement will be an exclusive Q&A with President George W. Bush and Mrs. Laura Bush which will be hosted by their daughters. Within the main expo hall will be 444 tables with different organizations that will be participating in the conference.

Check back with the Showcase twitter and Facebook for more information on where Nancy will be located and events she will be attending.