You can have a slice of the Louisville real estate pie and maybe more ! Forbes Magazine has picked Louisville Kentucky (click here to see website) as the second best city in the United States to buy a home (Pittsburg Pa. was number 1)! Shocking..? Not when you look at the criteria! To start with, Forbes based their picks on low foreclosures, housing affordability and rising house prices. Specifically, here in Louisville Kentucky, most housing is accessible to middle-income families, plus … [Read more...]
Good credit, a down payment and patience all needed as of June 1, 2008 to buy a home in the Louisville Kentucky area.
Blame it on the number of short sales in Kentucky! The Mortgage Guaranty Insurance Corporation (MGIC) has just announced that as of June 1, 2008 the entire state of KY will become a restricted market. What does this mean to you as a buyer? You can no longer take advantage of a 3% down payment loan with Lender Paid Mortgage Insurance. According to the MGIX website “In determining whether to place a market on the restricted markets list, MGIC uses both external and internal information … [Read more...]