spring texas new homes

August 18, 2008

Minimum down payment on FHA loans increases Oct. 1, 2008

If you have been counting your pennies and saving for the down payment on your Spring Texas home you will want to consider purchasing before October 1, 2008. Because on October 1, the minimum down payment requirement for FHA loans increases from 3% to 3.5% of the sales price. FHA increase on minimum down payment […]
August 13, 2008

First time homebuyer tax credit – what is it and how to get it

February 2009 UPDATE–  If you were a first time homebuyer and purchased a home in 2008 the tax credit outlined below applies to you.  If you are a first time homebuyer and are planning on or have already purchased a home in 2009 read – 2009 First time homebuyer tax credit. If you are a first time homebuyer […]
June 20, 2008

Spring Texas Real Estate: why NOW is a good time to buy

Quite frequently I get asked “Is now a good time to buy a home in Spring Texas?” Its a good question. We all work hard and want to make the best financial decisions possible. Nobody wants to buy a home today for $200,000 and find out tomorrow or next year that its only worth $140,000. […]
February 6, 2008

Spring TX Real Estate: What is Earnest Money?

Earnest Money is the money that accompanies the real estate contract and is meant to show that the buyers are serious about purchasing the home. These funds are NOT in addition to the sale price. The Earnest Money is an amount that is negotiated between the buyer and seller. There is no set minimum amount […]
December 10, 2007

Top 10 Reasons why December is a good time to BUY a HOME

TOP 10 REASONS WHY DECEMBER IS A GOOD TIME TO BUY A HOME Interest Rates are still near historically 40 year lows. I remember when I purchased my first home in 1990, 17 years ago. The interest rate on the loan was 10% and I qualified for that rate because I had a high credit […]