Are You Looking To Buy A Condo? Good News Is Here!

For rental condo buyers, Fannie Mae recently announced that investment condo loans with 25%+ are now eligible for limited reviews which correlates with the improved loan pricing from Fannie Mae when putting 25%+ down as compared to only putting 15-20% down. Fannie Mae also expanded their Property Inspection Waivers (PIW) to condos in June. A PIW is often referred to as an "appraisal waiver", and allows lenders to close certain loans without the expense/time of appraisals. There's nothing agents, buyers, and sellers love more than hearing their transaction doesn't need an appraisal. PIWs are determined automatically by Fannie Mae's automated underwriting engine Desktop Underwriter or "DU.

Understanding How to Relocate to a New Home

Many factors can create a need to relocate. Whether your job has changed, a major life event is causing you to need to be closer to family, or you simply are looking for some new scenery, a relocation can take a great deal of planning. Here are some tips to make relocating to a new place a breeze: Research the new area – Once you have decided where you are relocating, research the area to determine as much information as possible. If you’re moving to a different state or region of the country, you’ll want to know which neighborhoods you are interested in living in, what to expect from the weather, and the cost of living. Additionally, you will want to become familiar with local laws to ensu

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