Category Archives: Ted Canto Articles

Homebuyer’s Tax Credit Extended

Posted on June 30, 2010 by Ted Canto • 0 Comments

Homebuyer’s Tax Credit Extended It’s OFFICIAL!!  They finally agreed on something and were able to do something right! The Senate and Congress has finally sent President Obama a plan to give home buyers an extra three months to qualify for up t0 $8,000 in federal tax credits. Buyers who already have executed contracts prior to… Continue Reading

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HomePath Financing is Available at Academy Mortgage, Arizona

Posted on June 3, 2010 by Ted Canto • 0 Comments

HomePath Financing is Available at Academy Mortgage, Arizona If you are thinking about buying a home and FHA is not an attractive or viable option or better yet, the property does not meet FHA’s stringent requirements, you might want to think about using HomePath Financing by Fannie Mae.   For a while many lenders and brokers… Continue Reading

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Home Buyer Tax Credit To Expire on June 30th

Posted on June 3, 2010 by Ted Canto • 0 Comments

Home Buyer Tax Credit To Expire on June 30th As you know, the Homebuyer Tax Credit is set to expire as of June 30th.  For those that were able to execute a contract at the end of April have until the end of June to qualify.   Be very aware of your pipelines and ensure that the… Continue Reading

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USDA Home Loan Financing Is Now Available

Posted on June 1, 2010 by Ted Canto • 4 Comments

USDA Home Loan Financing Is Now Available Effective June 1, 2010, USDA Home Loan financing is available to homebuyers.  However there are some major changes to the program that are important to know about if you are interested in an Arizona USDA loan. First: The USDA Funding Fee is no longer 2.00% (two percent) Second:… Continue Reading

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FHA Guideline Changes on April 5th, 2010

Posted on March 26, 2010 by Ted Canto • 0 Comments

On April 5, 2010, FHA will make sweeping changes that will affect how many potential homebuyers will be able to qualify for an FHA loan…. Continue Reading

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FHA: Increase in Upfront Premiums for FHA Mortgage Insurance

Posted on March 23, 2010 by Ted Canto • 1 Comment

FHA: Increase in Upfront Premiums for FHA Mortgage Insurance FHA’s Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Arizona area will increase from the current 1.75% to 2.25%.  To remain eligible for the 1.75% UFMIP Factor, case numbers must be assigned before April 5. On a $200,000 loan FHA Mortgage Loan in Maricopa County, this is… Continue Reading

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USDA Rural Development Home Loan Program – Running out of funds

Posted on March 11, 2010 by Ted Canto • 0 Comments

USDA Rural Housing Program funds are running out and it seems there are no appropriations in the near future. … Continue Reading

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Appraisals: FHA vs. Conventional

Posted on March 9, 2010 by Ted Canto • 0 Comments

Appraisals:  FHA vs. Conventional Once upon a time, there was a difference between an FHA appraisal compared to a Conventional appraisal.  For many years, real estate professionals, investors and motivated buyers avoided an FHA loan out of the fear that the appraisal, known for it’s vigorous inspection of the condition of the property, would complicate… Continue Reading

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Fannie Mae: You can now choose your own Title / Escrow Company

Posted on March 9, 2010 by Ted Canto • 0 Comments

Fannie now allows home buyers to choose their own title and escrow companies. So long to useless and incompentent escrow companies that take the consumer and Real Estate Professionals business for granted!… Continue Reading

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HAFA: Home Affordable Foreclosure Alternatives Program- Short Sale And Home Loan Modification

Posted on February 10, 2010 by Ted Canto • 0 Comments

HAFA works with providing incentives connected with a short sale or a deed-in-lieu of foreclosure (DIL) in order to avoid foreclosure on a loan eligible for modification under the HAMP program…. Continue Reading

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