DAILY REAL ESTATE NEWS | THURSDAY, MARCH 30, 2017 - Time is ticking for the National Flood Insurance Program. In just six months—on Sept. 30—the NFIP is set to expire, and REALTORS® are warning that could pose a major threat to home owners and property sales.
“When the NFIP expired in 2010, over 1,300 home sales were disrupted every day as a result,” says NAR President William E. Brown. “That’s over 40,000 every month. Flood insurance is required for a mortgage in the 100-year floodplain, but without access to the NFIP, buyers simply couldn’t get a mortgage or vital protection from the number one cause of loss of property and life, flooding.”
DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 15, 2017
Having the spare capital to put 20 percent down on a home purchase is great, but it's certainly not the norm. Still, many people think it is and that belief may be holding some would-be home buyers back, particularly young adults.
DAILY REAL ESTATE NEWS | FRIDAY, JANUARY 27, 2017
The mortgage industry loves jargon and it can quickly confuse a real estate professional and all the more so a borrower. The Fannie Mae Sellers Guide alone has 91 different acronyms and abbreviations.