Fri, Jan 09, 2009
|
TCI Shopping
|
|
Featured TCI Properties |
|
Hermitage Corner
Round Rock, TX
|
| NOI: $92 | | CAP: 92.000% | | Price: $1,300,000 | |
|
|
| NAR, FHA Work Together to Help More Buyers Become Homeowners |
Posted: 2008-09-29 13:32:06 |
CHICAGO, IL -- The National Association of Realtors(R) was joined by Department of Housing and Urban development Secretary Steve Preston today as NAR launched its new Federal Housing Administration Toolkit. Realtors(R) can use the toolkit to help buyers obtain safe and affordable FHA-backed mortgages.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080923/NARLOGO )
"As the leading advocate for homeownership, NAR is pleased to have a long-established working relationship with HUD and FHA," said Pat V. Combs, NAR immediate past president. "The new toolkit will help Realtors(R) educate consumers about FHA updates and changes and the great benefits of using these programs."
FHA loans offer low downpayments, competitive interest rates, and greater flexibility than most conventional mortgages. In addition, the Housing and Economic Recovery Act of 2008 made increased FHA loan limits permanent, allowing more buyers in high-cost areas to obtain FHA-backed mortgages.
"FHA offers a safe alternative to many of the subprime and exotic loans that caused much of today's market turmoil, and the program is easier to use than ever before," Combs said. "Recent revisions to the FHA program will enable more families to achieve their dreams of homeownership, and will allow others to refinance their mortgage at terms that will allow them to keep their home."
The FHA Toolkit includes a video of frequently asked questions, a flash media presentation of FHA programs, brochures and other reference guides and links to other useful resources. For more information about recent changes to FHA programs, visit the FHA Resources section of www.REALTOR.org.
Also in attendance at today's presentation was Illinois Association of Realtors(R) President Pat Callan and NAR Region 7 Vice President John Veneris.
The National Association of Realtors(R), "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.realtor.org. This and other news releases are posted on the Web site's "News media" section in the NAR Media Center.
REALTOR(R) is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS? and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS?. All REALTORS? are members of NAR.
Photo: Logo: http://www.newscom.com/cgi-bin/prnh/20080923/NARLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
|
| Notes:
Source: National Association of Realtors
CONTACT: Mary Trupo of the National Association of Realtors(R),
+1-202-383-1007, mtrupo@realtors.org
Web Site: http://www.realtor.org/
About This Release
If you have any questions regarding information in this press release, please contact the organization listed in the press release. Issuers of press releases and not TCI are solely responsible for the accuracy of the content.
 | |
| Advertisement |
|
|
|
|
|
Logged In members can moderate all comments.
|
|
