September 2010

Found 3 blog entries for September 2010.


With fall now here and winter just around the corner it’s time for a annual check up on your heating system.  A typical annual check up is both necessary and cost effective.  It saves the system unnecessary wear, keeps it working efficiently and avoids the hazards of polluting the indoor air, especially with deadly carbon monoxide.  Therefore, the annual check-up should be considered more vital to your family than to the operation of the furnace.  Since all the indoor air is essentially passing through the furnace, it is imperative that the potential for air contamination be minimized and safeguarded on a regular basis.

Let’s consider a possible furnace maintenance routine, most if not all of it to be carried out by a heating and air professional.


14,268 Views, 0 Comments

Several weeks ago, President Obama signed a law giving the Department of Housing and Urban Development (HUD) the ability to make changes to the mortgage insurance on all FHA loans. While the law allows HUD to increase the mortgage insurance almost three times higher than its current level, it wasn't until recently that the exact changes were known for the different FHA loan programs.

In the next few paragraphs, I aim to address those differences, provide some examples and insight into how this impacts individuals looking to buy or refinance a home using an FHA loan for all new case numbers assigned on October 4, 2010.

For all FHA loans, the up front mortgage insurance premium is being reduced from 2.25% to 1.00%, and the up front premium can still be

1,197 Views, 0 Comments

It seems that the effects of the $8,000 Tax Rebate has all but evaporated. Although the “close by date” for the program was extended through September 30th, 2010 for all but non-military buyers, it appears that the majority of the pending sales were in fact closed by the original dead line of July 30th, thus providing the backdrop for the significant drop in closings for July.

There were 3,887 closings for all single family units in July which was a decrease of 28.1% from July 2009. This is the second consecutive year to date decline after 8 months of increase out of the last 9.

There were 3,311 closings in July for all single family detached homes, which was a decrease of 29.3% compared to July 2009. We are now 510 closings behind for the

1,385 Views, 0 Comments