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Recent FHA Changes and How They Affect Buyers

Buying a house in Maine is often a combination of a lot of fun and a lot of stress. With that in mind, how you’re planning to pay for the home can affect how stressful it is to make your purchase. If you intend to finance your purchase and use FHA as your lender, there have been some recent changes you’ll want to consider. They can affect you as a buyer, so you need to make sure you understand what they are. One of the changes has to do with mortgage premiums, which have been recently lowered. That’s good news for buyers everywhere, as it will save them some money. READ MORE

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Fair Housing and Real Estate

In real estate dealings, it’s very important that everyone is fair to everyone else. Sellers want to get the most they can for their home, and buyers want to pay as little as possible. That’s completely understandable, and something worth carefully considering, but there are also laws that have to be followed with real estate transactions. Many of these regulations are based on fair housing laws, which are designed to ensure that people who work in real estate don’t allow discrimination in the purchase and sale of housing. This is also true with landlords, as they must rent fairly and without discriminating. READ MORE