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Tag Archives: home buyers

Mississippi Home of Your Own home buyer workshop set

Jackson, Miss. — Mississippi Home of Your Own (HOYO) will sponsor a free, one-day homebuyer education workshop Saturday, Aug. 10, for residents with and without disabilities in Hinds and surrounding counties. The workshop will be held from 9 a.m. to 5 p.m. in the Andrew Jackson Conference Room on the first floor of the Warren Hood Building at 200 South ...

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FHA hiking insurance fees on mortgages

WASHINGTON — Sizing up the true cost of buying a home can be complicated. On top of the home’s list price there are numerous fees and financing costs to factor in. To complicate matters, the Federal Housing Administration is now hiking the insurance fees for the mortgages it backs. FHA loans are generally used by first-time home buyers and require ...

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New RESPA rules make closings difficult

Significant changes to federal rules under the Real Estate Settlement Procedures Act (RESPA) took effect Jan. 1. Although the Good Faith Estimate (GFE) and HUD-1 forms were redesigned to make it easier for home buyers to understand settlement costs, the changes have made closings more difficult for lenders. According to the National Association of Realtors, the new rules require mortgage ...

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