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House Hunt: Time May be Running out for Low Down Payments

It is the prime time to purchase your dream home!

There is discussion in Congress to increase the minimum downpayment for home purchases to 20 percent across the board. The National Association of Realtors (NAR) has been lobbying against the proposal. While it may not become 20 percent, indicators are that the 3.5 percent downpayment associated with a FHA backed loan is possibly going away.

Visit www.homeowneractioncenter.com a NAR sponsored site to see how you, as the consumer, can  impact the federal regulators' decision on this matter.

This week’s featured homes may give you motivation to put your house hunt  into high gear. These showcase executive  homes are selling at very affordable prices. Both homes meet the requirements for financing with FHA backed loans.

For more information on the featured properties or for help with your house hunt, contact Shirley Simmons, Prudential Georgia Realty, www.shirleysimmons.com.

Yolande M. Minor November 19, 2011 at 12:29 PM
These are absolutely beautiful homes in the Cascade Area.
David Good November 19, 2011 at 03:12 PM
Those are some nice houses. This is a great article with good information on the affordability of otherwise out of my price range large homes.
Delores "Dee" Turner November 20, 2011 at 12:41 AM
Shirley...I am ready to move right now!! Every time that you post photos of these beautiful homes, I feel as if you are aiming them at me. Keep up the good work.
danebarnese November 20, 2011 at 07:28 AM
When interest rates drop, homeowners take notice. If rates dip lower than your current rate, refinancing may allow you to lower your monthly payment, potentially reducing the interest expenses you’ll pay over the life of the loan. Shop around use sources like 123 Refinance to compare rates
Jamie Cox November 20, 2011 at 01:27 PM
Thanks for keeping us abreast of the best real estate strategies and tips, Shirley!
Kimathi Lewis November 21, 2011 at 06:54 AM
Good info. Thank you for keeping us aware of what's going on in the real estate world.
Shirley Simmons December 11, 2011 at 04:26 AM
Get in touch when you are ready to make a move! There are bargains galore,

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