Not Even HUD was Ready for Their Own Changes
Since the first of the year there has been a scramble to make sure the new regulations and paperwork is rolled out and accurate at every mortgage company and bank. The fines that will be in place and enforced are stiff so these companies are doing everything they can to make sure they comply with [...]
The Website is a Changing
Over the next month you will see some changes on the website that I hope you will appreciate. The goal is to bring you more information on what is available locally for first time buyers in the Nashville and surrounding areas as well as what is going on with interest rates and the mortgage industry [...]
The Latest News for 1st Time Homebuyers & More
If you have not heard by now, President Obama has signed legislation extending the first time homeowner tax credit. You must have a property under contract by April 30th and it must close by July 30th of 2010. The income restrictions have been raised to $125,00 if you are single and $250,000 if you are [...]
THDA Rates Change
Tennessee Housing Development Agency has announced new rates for its first time homeowner programs as well as its new refinance program for those who are in danger of foreclosure due to sub-prime mortgages. Here are the new rates.
Great Rate Program 6.10%
Great Save Program 6.10
Great Advantage 6.60
Great Start Program 7.10
These and many other programs are available [...]
New THDA Refinance Program October 1, 2008
Starting on October 1, 2008, the Tennessee Housing Development Agency will release a newly created program designed to help people statewide who have adjustable-rate mortgages that may be in jeopardy of foreclosure once the loan adjusts. This new program, referred to as Great Save, will allow those who qualify to get a low interest, 5.8%, [...]