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Wednesday, April 15, 2015

Fannie Mae: HomePath Ready Buyer Education Program





HomePath® is proud to launch our HomePath Ready Buyer program, a comprehensive online homebuyer education course. First Time Homebuyers who complete this education course by their initial offer may request up to 3% closing cost assistance toward the purchase of a HomePath property and reimbursement of the HomePath Ready Buyer training cost.

To be eligible for the offer:
  • Buyers must complete the full online HomePath Ready Buyer training course on www.homepath.com and receive the Certificate of Completion.
     
  • The request for closing cost assistance must be made at initial offer in the HomePath Online Offers system on or after April 14, 2015.
     
  • Must be First Time Homebuyer (did not own a property in the past three years) and plans to reside in the property as their primary residence.
     
  • Auction, pool and investor sales are not eligible.
Get the full details here on https://www.homepath.com/ready_buyer.html

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RE/MAX Dream With Your Eyes Open, Condo

Wednesday, April 1, 2015

Flood insurance Increases an Average of 10% on April 1

The National Flood Insurance Program (NFIP) has released the 2015 rate changes which take effect on April 1. On average overall, rates are rising 10%. This is consistent with the 5-10% increases prior to the 2012 Biggert-Waters Act. There is also a new surcharge to pay for recent NFIP legislative reforms. Last year, Biggert-Waters was amended for about 20% of policy holders who bought an older property (including second homes) and jumped from a subsidized rate to full cost for flood insurance overnight. The amendments resolve the implementation problems by resetting the rates to pre-Biggert-Waters levels and capping them at 18-25% per year in the future. Attached is a spreadsheet which summarizes the April 1 changes. Please consult an insurance agent for specific properties.

2015 Rates: http://www.ksefocus.com/billdatabase/clientfiles/172/4/2247.pdf

Custom Built Home with 4 Tax Parcels and Shops