Bradley Pounds Austin Real Estate

October 2009 - Posts

• How a new law designed to protect borrowers could DELAY your closing by three days

  The stories of predatory lending practices from the earlier part of this decade are enough to make you wonder why any sensible person would fill out a mortgage loan application without a police escort. But some tough legislation that has taken effect Read More... Posted Friday, October 23, 2009 11:54 AM by Bradley Pounds | 0 Comments

• If you're still on the fence on whether to capitalize on the $8000 first-time homebuyer tax credit . . . it's time to pull the trigger

  I'm surprised by how many folks I've spoken with who are still undecided about whether to buy their first home before the tax credit expires on November 30. As a homeowner, I know that no one wants to feel rushed into making such a big decision. Read More... Posted Monday, October 12, 2009 3:55 PM by Bradley Pounds | 0 Comments

• New FHA guidelines ban "spot approvals", require a renewal application every two years to retain FHA approval

  If you own a condo in the Austin metro, you had better listen up. The guildelines are changing wildly when it comes to whether your condo will be eligible for an FHA loan in the coming years. Since FHA loans are by and large supporting the housing recovery Read More... Posted Thursday, October 08, 2009 5:17 PM by Bradley Pounds | 0 Comments

• The return of $0 down: In the outlying areas, USDA is the way to go

  Thinking of the USDA loan program, you might be more likely to conjure pastoral images of TV's The Waltons than say, the comfortable Texas suburbs of King of the Hill . But with the government using everything in its toolbox to reignite the housing Read More... Posted Monday, October 05, 2009 1:34 PM by Bradley Pounds | 0 Comments

• Wall Street Journal places its bet on a fast and furious Austin recovery

  "Austin has become a gathering place for tech- and arts-conscious young adults," says the WSJ piece on next big youth magnet cities. The panelists predict that come next year, Austin will recover first and fastest. Check out the article. WSJ.CO Read More... Posted Monday, October 05, 2009 1:07 PM by Bradley Pounds | 0 Comments