Category Archives: Mortage/ Finance News

Questions? Answers about Real Estate Finances.

Local rural economic development revolving fund created

Posted on January 7, 2009 by

A rural economic development revolving fund has been established to loan money for local economic development projects in the Tri-Cities. Benton PUD has established the fund and the Benton-Franklin Council of Governments is accepting applications. The goal of the program … Continue reading →

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Limits raised for max on insured mortgages

Posted on January 7, 2009 by

New permanent limits on the maximum mortgage amount insured by the Federal Housing Administration will take effect Thursday. In the Tri-Cities and many other markets in Washington, the limit on a one-family home will increase 35.4 percent from $200,160 to … Continue reading →

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The Basics of Understanding and Using Powers of Attorney

Posted on January 7, 2009 by

What is a Power of Attorney and how is it created? A power of attorney authorizes a person to act on behalf of another person. It is a ‘durable’ power of attorney if the grant of authority survives the disability … Continue reading →

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STOCK MARKET OUTLOOK-Housing

Posted on January 7, 2009 by

In the key housing sector, the combination of low-interest rates, improved affordability and the reduction in new construction should be helpful in the effort to work down the huge inventory of 4.2 million unsold properties nationwide, that are now on … Continue reading →

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Treasury Department Considering Bold Mortgage Move

Posted on December 5, 2008 by

Interest rates here in the Tri-cities are dropping and it’s time to consider buying a home!!  It was recently announced that financial industry lobbyists are urging the treasury Department to take steps to lower mortgage rates in an effort to … Continue reading →

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Short sales offer alternative to foreclosure

Posted on November 18, 2008 by

More homeowners facing foreclosure are turning to short sales as a way of getting out of a troubling financial situation and with the shaky real estate market, more banks are accepting short sales from troubled borrowers. At the beginning of … Continue reading →

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Shedding some light on the tumultuous real estate and mortgage markets

Posted on November 3, 2008 by

The Real Estate and Lending industries are in fact going through a necessary correction.  The industries became saturate with fly-by-night companies looking to make a quick but short monetary gain, without offering any real value. Contrary to numerous reports in the media, … Continue reading →

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First-Time Home Buyer Tax Credit

Posted on September 22, 2008 by

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009.  The following questions and answers provide basic information about … Continue reading →

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H.R. 3221, the Housing and Economic Recovery Act of 2008

Posted on August 25, 2008 by

The housing market in the Tri-Cities is still strong as is the supply of homes as well. And for those first-time homebuyers there is added incentive. Recently, President Bush signed into law, the housing tax credit bill. Here are some of the details: A … Continue reading →

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