Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan's value to about 0.85%, the White House said in a statement January 10th.
Previously, to help restore its reserves, the FHA had raised its insurance premiums and now requires borrowers to keep paying the premium for the entire life of the loan.
But the housing market's recovery has also helped push home prices higher, which is helping the agency reduce its losses when a home is foreclosed on and sold in auction. FHA said lenders have also been better at working with delinquent borrowers to help them prevent foreclosure.
Here's a LINK to the White House press office with more details.
HAMBY REALTY in Jefferson Oregon has been providing customer satisfaction to real estate clients since 1965 continuing as a family operated business by Nancy Hamby and Jeff Marcec. At Hamby Realty we specialize in serving both buyers and sellers dealing in Oregon residential real estate, farms and small acreages in and around the Willamette Valley.
Wednesday, January 14, 2015
According to a recent report by Remodeling magazine, smaller, simpler remodeling jobs are more likely to return a greater value than large jobs when selling your house.
The best remodeling choices are those items that a visitor can easily see, those that help improve a first impression, such as Entry door replacement, Manufactured stone veneer, Garage door replacement and Siding replacement, fiber cement.
A minor kitchen remodel, costing less than $20K, is also in the top 10 on the list as well as addition of a deck, basement or attic remodel and window replacement.
Here's a LINK to the REALTOR magazine article "2015 Remodeling Cost vs. Value: Less Is More"
Here's a LINK to the Remodeling magazine report on rate of return for remodeling projects for the Pacific Northwest.
The best remodeling choices are those items that a visitor can easily see, those that help improve a first impression, such as Entry door replacement, Manufactured stone veneer, Garage door replacement and Siding replacement, fiber cement.
A minor kitchen remodel, costing less than $20K, is also in the top 10 on the list as well as addition of a deck, basement or attic remodel and window replacement.
Here's a LINK to the REALTOR magazine article "2015 Remodeling Cost vs. Value: Less Is More"
Here's a LINK to the Remodeling magazine report on rate of return for remodeling projects for the Pacific Northwest.
Friday, January 2, 2015
Below is a link to the recent Jefferson Community newsletter.
January 2015 Jefferson Community Newsletter
"Attached you will find the January 2015 issue of the Jefferson Community Newsletter. Our goal is to help keep community members informed and connected to what is happening in the greater Jefferson area. Your comments and suggestions are welcomed and appreciated. Please tell your friends and neighbors to drop me an email if they would like to start receiving this too. My contact information is below.
The Greater Jefferson Community Center offers a printed copy of this Newsletter for $1.00."
January 2015 Jefferson Community Newsletter
"Attached you will find the January 2015 issue of the Jefferson Community Newsletter. Our goal is to help keep community members informed and connected to what is happening in the greater Jefferson area. Your comments and suggestions are welcomed and appreciated. Please tell your friends and neighbors to drop me an email if they would like to start receiving this too. My contact information is below.
The Greater Jefferson Community Center offers a printed copy of this Newsletter for $1.00."
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