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First Home Mortgage Corp

RRSP as Downpayment, first home mortgage using RRSP RRSP as a downpayment. Vancouver mortgage broker Mark Fidgett explains the ins and outs of withdrawing money from your RRSP ...

April home sales fall 2.3% as demand outpaces supply

WASHINGTON -- Americans pulled back their pace of home-buying in April, as the shrinking number of houses for sale and rising prices put them in an options-dwindling bind.

The National Association of Realtors said Wednesday that sales of previously owned homes declined 2.3 percent last month to a seasonally adjusted annual rate of 5.57 million. Still, a stable job market has supported solid demand from buyers as home purchases are 1.6 percent higher than a year ago.

But the specter of fewer homes for sale is starting to squeeze the market. Would-be buyers are mobbing open houses as sales are occurring on the shortest timeline ever recorded by the Realtors. The inventory of homes for sale has declined on an annual basis for the past 23 months, creating a shortage that has pushed up prices above income growth.

"The demand side of the housing market is just fine, but the supply side is where the issues are," said Richard Moody, chief economist at Alabama-based Regions Financial.

Stearns Lending Introduces its 'Smart Start' Program that Reduces ...

“In a rising rate environment, consumers often become more interest-rate sensitive. We want to make sure that higher rates do not deter well qualified individuals and families from reaching their homeownership goals,” said David Schneider, CEO at Stearns Lending . “Our talented team members are eager to sit down with customers, clients or business partners to review this program and identify whether it is a ‘best fit’ on a case by case basis.”

The program is available on the majority of the popular 30-year fixed rate loans on the Stearns product menu. Highlights of the Stearns Smart Start program include:

The peace of mind of having a fixed rate mortgage, but the option of keeping monthly mortgage payments lower for the first 24 months. Lower monthly mortgage payments for a temporary period of time can be a great way for first-time buyers to ease into homeownership.

Is Home Pointe Financial Corp the real deal in fixing credit and getting you a mortgage?

I am just about ready to give my first payment to this complany to fix my credit and give me a mortgage. Has anyone dealt with them before? I can't afford to give money to a fraudulent company.

Contact your local Better Business Association to see if any complaints against the company have been logged.