The banks are offering those really low interest rates on mortgages to those buyer's who have really high credit scores and having a lower score will cost you more monthly because of a higher interest rate. When you see advertised rates in the 3.5% range those rates will to the borrower's with excellent credit. “If you don’t have good … [Read more...]
Rules would bring greater transparency to the mortgage market WASHINGTON, D.C. — Today the Consumer Financial Protection Bureau (CFPB) outlined rules it is considering that would simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. These rules, which the CFPB expects to propose this summer … [Read more...]
This past Sunday in the local newspaper, the Times Picayune, ran an article in the Real Estate Section about how to make an offer and not to make low offers because sellers might get insulted. Dear Mr. Seller please keep the emotion out of it. A buyer who is placing an offer on your home wants to buy it and it is the skill of the agent you hire … [Read more...]
From the Times Picayune this morning: "Mayor Mitch Landrieu announced a new program Thursday to encourage developers to build homes on spec for families of modest means, who will be eligible for a "soft-second" mortgage subsidy when the home is complete. The program will tap into $52.3 million in federal aid passed down from the state". To … [Read more...]
The difference between a Client and a Customer is a very important concept to understand for consumers. As a client you are our primary obligation. We have a fiduciary obligation to you and your interests. As a customer you are not "represented" by us but will receive information but not advice. From the Louisiana Real Estate … [Read more...]
The following the 2011 Comprehensive Housing Report issued by the Department of Housing and Urban Development (HUD). They do not issue these reports annually and so the announcement by GE to bring 300 jobs into the New Orleans area and the construction of the new hospital and research facility with an anticipated increase in employment of 18000 … [Read more...]
Condominium ownership is different from other forms of home ownership. Your homeowner’s association has specific responsibilities regarding the management of your condominium. Your association or developer will provide you with documents and information about those responsibilities. In order to obtain FHA insurance on an individual condominium … [Read more...]
Effective April 1st the Federal Housing Administration (FHA) has announced they will not issue mortgages to borrowers who have an ongoing credit dispute of $1000.00 or more on their file. Borrowers will either have to pay the balance of the dispute or enter into a payment plan making at least three payments. Payment plans will need to be … [Read more...]
Miriam Bernstein, CRS
Associate Broker and REALTOR®
RE/MAX N.O. Properties
New Orleans, LA 70118
504-908-2268 (C)
504-866-7733 (O)
504-207-5253 (efax)
Each Office is Independently Owned and Operated
Licensed by the Louisiana Real Estate Commission
Licensed in the State of New York
© Copyright 2012 Miriam Bernstein. All rights reserved. RE/MAX N.O.Properties does Business in Accordance with Federal & Local Fair Housing Laws. 
