Kwame Yiadom's (kwame) Blog

The good news is that borrowers that went through a recent short sale may be eligible for FHA financing if:1. They were current on their mortgage and other debts at time of short sale.2. The proceeds from the short sale serve as payment in full.Borrowers in default on their mortgage at the time o...

There’s good news for qualified homebuyers. Effective now through April 30, 20101, qualified first-time and repeat or move-up homebuyers may be eligible to receive a federal tax credit on their new home purchase2.Below are some of the key program highlights: * Up to $8,000 tax credit for qualifie...

FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower has committed to go forward with...

It depends. When considering a home purchase, many potential buyers expectantly look for a finished basement for extra room and living space. This compels many a "weekend handyman" to either "do it themselves" or hire an affordable, and qualified, "independent contractor" to finish the work. In f...

With President Obama's new stimulus plan, a number of clients continue to seek information on the recently passed $8,000 tax credit. Here's a brief summary of what this credit entails and how you might take advantage of this opportunity. In a nutshell, the 2009 tax incentive offers a full $8,000 ...

With interest rates reaching historic lows and with many properties listed as foreclosures and short sales, more and more investors are coming out of the woodwork. Indeed, there are several wonderful investment opportunities available for investors and first time home buyers alike. The irony is t...

...you must read this!!!To sell your home for the maximum price in the shortest amount of time, price your home:AT LEAST 3-4% BELOWevery other home that is currently for sale in your neighborhood that is (and this is important) comparable to yours.Any real estate broker can easily tell you what y...

...you must read this!!!To sell your home for the maximum price in the shortest amount of time, price your home:AT LEAST 3-4% BELOWevery other home that is currently for sale in your neighborhood that is (and this is important) comparable to yours.Any real estate broker can easily tell you what y...