Tag: Homeowners

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FHA to reduce cost of mortgage insurance

In an attempt to bring more First-Time Homebuyers back into the housing market, the Federal Housing Administration ("FHA") recently announced that it would reduce its annual mortgage insurance premiums from 1.35 percent to 0.85 percent.  ...

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Property tax relief for seniors

Did you know that the District of Columbia provides a substantial discount on real estate property taxes for seniors? If eligible, a senior can save 50% on his or her property tax bill. Further, the threshold for the income level was...

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HARP extended 2 more years

The Federal Housing Finance Agency (FHFA) announced earlier this month that Fannie Mae and Freddie Mac would extend the Home Affordable Refinance Program (HARP) through December 31, 2015 earlier this month. The HARP Program was originally...

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