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Land and Country Property for Sale - Rural index SEARCH THE INDEX Accommodation Activity Holidays Agriculture Antiques Art Bed & Breakfast Birdwatching Business Help Campaigning Camping Career Opportunities Catering Contractors Cleaning Services Climbing Conservation Contractors Cottages Counselling Services Cycling Crafts Debt Advice Diversification Education & Training Employment Entertainment Equestrian Estate Agents Farm Accommodation Farm Markets & Produce Farming Fishing Food Furniture Gardening Government Organisations Heritage Holistic Treatments Horses Hunting Jewellery Land Services Land for sale Livestock Looking for Love? Machinery & Equipment Mammals Marketing Your Business Meats Mortgages Natural History New & Alternative Enterprises Nurseries Outdoor Activities Overseas Rural Retreats Personal Diaries & Home Sites Politics Poultry Properties for sale Racecourses Renovation & Restoration Sailing Self Catering Cottages Shooting Smallholdings Tourist Guides Trees Walking Website Design Wildlife Woodland ------------------------------ Property agents, auctioneers and directories on the net, listed by region. INDEX National England South West Cotswolds East Anglia English Borders Midlands Southern England Wales West Wales North Wales Scotland Specialists Equestrian Woodland Planning Specialists Renovation & Restoration Development Opportunities Agricultural OTHER RELEVANT PAGES Land Business | Equestrian | Shooting | Fishing | Agricultural | Cleaning Services | Further Property Please provide details of sites we should add . NATIONAL RETURN TO INDEX Acting for the discerning buyer - Sands Home Search Agents Looking to buy a Country, Equestrian, Farm, Waterside or Hotel property in England, Wales, The Channel Islands or Western France? We act exclusively for the property buyer/renter and we search to order to find the right property at the right price for you. Whether you have £500,000 or £5Million to spend, we will find the property you are searching for. August Home Finders Offers a totally independent rural homesearch service throughout the UK. They act solely for you, the homebuyer, finding and securing all styles of rural properties, from cottages to manor houses. Bidwells Rural division Founded in 1840, Bidwells is the largest independent UK firm of property consultants outside London. Bidwells Rural division is acknowledged as one of the country's leading practices, with an established reputation for the letting, marketing and acquisition of estates, farms and country properties. Chiltern Estates Services: Residential and Commercial Sales; Long-term and Short-term Lets; Property Management; Relocation; Acquisitions; and Financial Services Clark Scott-Harden Chartered Surveyors and Property consultants dealing with agricultural commercial and residential property throughout the UK. Specialists in property management, sales, valuation and litigation. Contains information on building surveying, sporting, valuation dispute resolution, planning and design, farms, forests, commercial property. FarmLandXchange.com is a land intelligence database designed to help UK farmers and landowners overcome problems of fragmentation.Members can register to sell, buy or rent land and receive confidential feedback. Farmsearch Rural Properties & Professionals at your fingertips. A centralised national register of rural and agricultural property. 1/2% - Halfapercent - 'Live' Website of UK Property for sale and to rent The AWARD WINNING Estate Agents Halfapercent, who are London's largest online Estate Agency, are now selling rural properties. Halfapercent visit & produce full details, including virtual video tours. They market the properties to their existing London based clients looking to move to the Countryside and online to all internet users, via their extensive network. Sales Fees from only 0.5%. Lettings Fees from only 5%. Hawthorn Associates Land sales agents specialising in larger plots of land for sale - with and without planning permission. Home Free Home Selling or buying your home nationwide could not easier! No fees, commissions or agency charges. House ladder Don't pay estate agents £1000s in commission. Privately sell or let your home. Jackson-Stops & Staff Established in 1910 covering The Borders to Lands End. 31 offices across the U.K, an established Country Agency specialising in the sale of all kinds of rural property from Cottages to true Country Houses, Farms, Smallholdings and Equestrian property. Particular expertise in Equine property. Jon Drew-Smyth e Over 25 years of experience in the Country Property market both with an old established local firm and with one of the major National Country House and Farm Agents. Covers an area very broadly which includes all of Buckinghamshire, East Oxfordshire, West Hertfordshire, South Bedfordshire and South Northamptonshire. Advertise widely in the local press and regularly advertise in Country Life, Horse and Hound, Farmers Weekly and in National newspapers. Knight Frank Country Residential Has been the best-known name in quality residential property for over 100 years, with a real understanding of the country residential market: estates, country cottages, new-build rural developments, farms, sporting estates, and country houses. Offices are found throughout the United Kingdom, from Cornwall to Scotland. Lane Fox Estate Agents & Chartered Surveyors - London and Country Property. My Plot ; Land for Sale. Sustainable Investment Land for sale in growth towns.Planning applications managed by Acorus . Interest free payment plans available.Absolutely realisable property investment. Premier Country & Equestrian Homes We focus exclusively on matching buyers and sellers with some of the UK's most desirable Country, Equestrian, Farm and Waterside properties, typically in the range £500k - £10m. We have access to a private client bank which contains many properties which are being confidentially or privately marketed. Our country property search agency, Sands Home Search will provide property search, negotiation & purchase assistance to private buying clients. For property sellers we will market your property to a wide audience of potential buyers (and in a confidential manner if required). All our properties are advertised on www.PrimeLocation.com. Premier Farm & Equestrian Property Sales We focus exclusively on matching buyers and sellers with some of the UK's most desirable Farm, Small Holding & Equestrian properties, typically in the range £500k - £10m. We have access to a private client bank which contains many properties which are being confidentially or privately marketed. Our farm property search agency, Sands Home Search will provide property search, negotiation & purchase assistance to private buying clients. For property sellers we will market your property to a wide audience of potential buyers (and in a confidential manner if required). All our properties are advertised onwww.PrimeLocation.com. Private Property People! Sell your property privately in the UK for £9.99 a month and we will submit your advert to the UKs leading property sites. We do not charge commission on completion, saving you thousands! Profile Homes Estate agents in Wales, specialising in country and equestrian properties. Smallholdings, farms, businesses, estates, rural property with land for sale (large or small acreages). Properties for rent Savills offers houses and flats for rent in London and the UK. PropertyBanking.com is the online resource for help and information on buying properties in this country and abroad, including market trends, interest rates and advice on finance management. PropertySpy PLC - Land for sale Freehold land for sale in London, Home counties and other prime areas of UK. Recreational Land - Specialist UK Land Agents Offers land for sale in the UK. Specialising in recreational land but also arable, equestrian etc. Advice on land buying and up to date news. RH & RW Clutton Chartered Surveyors & Land Agents are an independant limited liablity partnership providing a complete range of property services to Homeowners and Landowners from strategically located offices. Rural Scene Sell Commercial Farms, Smallholdings, Equestrian Properties, Residential Holdings, Properties with Leisure Facilities, Holiday Income or Potential. Strutt & Parker Leading independent property consultants for commercial, residential and rural property and land management advisors. National network of 23 offices employing a team of over 500 personnel. Studio 103 Detailing many useful links to numerous property sites nationwide. The County Homesearch Company Has been assisting property buyers for over ten years and currently has a network of over 30 offices throughout the UK as well as in Ireland, Spain, The Balearics and The Algarve. The company works only on behalf of property buyers and/or tenants. This provides much needed balance to the business of house purchasing which until recently left buyers largely on their own to face vendors and their estate agents. The Rural Property Index Britain's directory of country property, providing an i nexpensive platform for land agents; estate agents; letting agents and individuals to promote and find rural property lets and sales. Register your 'want' free of charge for three months. Top 4... Find just what you're looking for at Top 4 property sites. A selection of the best esate agent sites on the web. UK Plot Sales - Land for Sale . UK Plot Sales offers plots of land for sale with high development and planning potential. 24 Hour Property Selling or buying, estate agents investment, auctions and buy to let White Developments acquire land and offer it for development or investment to our clients. Our experience enables us to identify prime development land at an affordable price, with a variety of locations on offer. COTSWOLDS RETURN TO INDEX Butler Sherborn A recognised and well-deserved reputation as the principal specialist in their markets in the Cotswolds and the surrounding Counties. The firm provides a comprehensive professional service specialising in farm, land and estate management, and rural consultancy. The agency department has particular expertise in the sale, valuation and purchase of country houses, cottages, farms and estates as well as providing a lettings and residential managment department. Cotswold Estate Agents A privately owned independent estate agent with many years experience in selling properties in the local area. ENGLISH BORDERS RETURN TO INDEX David Parry & Co Estate Agents Specialise in properties in the counties of Herefordshire, Shropshire, Powys, Ceredigion, Carmarthenshire, Pembrokeshire and Monmouthshire! Foster Maddison Chartered Surveyors, Valuers and Estate Agents specialising in the sale and rental of rural, residential and commercial property throughout Northumberland, County Durham and Tyneside. NORTH WALES RETURN TO INDEX Denton Clark & Co Established in 1947, Denton Clark and Company enjoy an excellent reputation as one of the leading property agents in the North West of England and North Wales. The firm offers an integrated range of rural, farming and property management services by combining the activities of specialist department. SOUTH EAST RETURN TO INDEX Calcutt Maclean Standen covering the sale of country and village houses in Kent and East Sussex, the letting of houses, cottages and flats in Kent, the valuation and sale by auction of fine art and collectibles and specialist country house insurance. SOUTHERN ENGLAND RETURN TO INDEX Equus Country and Equestrian The Leading Specialists for Country and Equestrian Properties throughout Kent, Sussex, Surrey and Hampshire. 1/2% - Halfapercent - 'Live' Website of UK Property for sale and to rent The AWARD WINNING Estate Agents Halfapercent, who are London's largest online Estate Agency, are now selling rural properties. Halfapercent visit & produce full details, including virtual video tours. They market the properties to their existing London based clients looking to move to the Countryside and online to all internet users, via their extensive network. Sales Fees from only 0.5%. Lettings Fees from only 5%. CHURCHILL COUNTRY AND EQUESTRIAN ESTATE AGENT The longest established equestrian specialist involved in the selling, purchase, renting and valuation of country houses with land and equestrian facilities in Sussex, Surrey and Hampshire. Simon V Ellis FRICS Simon Ellis is a Chartered Surveyor of many years' experience in Rural Property, specialising in the Sale, Letting, Acquisition and Valuation of Country, Farm and Equestrian Property in Hampshire, Surrey & Sussex Southern Equestrian Properties A specialist equestrian estate agent for people with horses. Handling equestrian properties for sale in Bucks, Oxon, Wilts, Berks, Hants and the Isle of Wight. Woolley & Wallis The leading specialist farm, rural and equestrian, estate agents for central and southern England. EAST ANGLIA RETURN TO INDEX Brown & Co Approaching 10 years of age the Partnership of Brown & Co now has 21 members assisted by over 120 professionals and support staff working from nine offices throughout East Anglia and the East Midlands, as well as on an International scale with an office in Torun, Poland. Having acted in the sale or purchase of over 250,000 acres, they also provide consultancy advice on over 350,000 acres. Cheffins Agricultural Covering Ely and Cambridgeshire, Cheffin's expertise as land agents and professional valuers is the fulcrum on which the entire business is hinge.. All partners and staff are qualified and experienced to advise in the sale, purchase and valuation of farms and land. They also advise on land usage for both owners and developers, help create development strategies, and guide development plans, sales and future lettings East Anglia Equestrian Properties The specialist equestrian property agent for East Anglia and its surrounding counties Beds, Cambs, Essex, Lincs, Norfolk, Northants & Suffolk Home finders for Norfolk, Suffolk and Essex As the UKs leading independent home-finding service, we can access properties not available on the open market. We'll save you time by searching & viewing for you - and we'll negotiate a keen price. Lincolnshire Homesearch Relocation agents finding period or modern homes, houses and property for those seeking to Purchase or Rent in the County of Lincolnshire and surrounds. You might be looking to move following a change of work or business location, or seeking a weekend retreat or retirement home in the country or by the sea, or a second or investment property. You could be looking for a short term Holiday Let. SCOTLAND RETURN TO INDEX Aberdeen and Northern Estates Amulti disciplined team of chartered surveyors, providing a broad range of rural and commercial property services throughout the North of Scotland. Bradburne & Co. Fife based independant firm of Chartered Surveyors and Estate Agents offering a personal and prompt service, specialising in the residential and rural property sectors. Brodies in Edinburgh View a selection of Brodies' prime properties (residential, agricultural and fishings) for sale and to let throughout Scotland. CKD Finlayson Hughes Specialise in private purchases, sales and rental of prime sporting and agricultural estates, residential and commercial property throughout Scotland. Estate Management Services Land agents, estate and property consultants, building surveying, town & country planning, environmental impact issues. UKLandSale.com Welcome to a www.uklandsale.com, it is an effort to build an online market place to help the prospective property owners and the buyer intrested in uk land investments to interact directly online. WEST WALES RETURN TO INDEX Evans Bros Property specialists covering Carmarthen; Swansea; Aberaeron; Lampeter; and Aberystwyth. Residential; smallholdings; farms; building plots and commercial property. Profile Homes Estate agents in Wales, specialising in country and equestrian properties. Smallholdings, farms, businesses, estates, rural property with land for sale (large or small acreages). The Smallholding Centre Specialise in the sale of smallholdings, farms and rural properties throughout the West Wales Area. Mortgages arranged and Reduced Rate Structural Surveys also undertaken. SOUTH WEST RETURN TO INDEX Foxwells Specialise in equestrian and country or rural property in the counties Somerset, Dorset, Devon and Cornwall. Guy Sherratt Based in Devon and covering the whole of the south west (Devon, Cornwall, Somerset and Dorset) as well as South Wales and Gloucestershire, theyspecialise in the sale of a wide range of rural properties, properties with land and equestrian properties. Hosegood Ford An independent firm of Chartered Surveyors Auctioneers and Estate Agents based in Williton, Somerset.The principal and staff of the firm are all experienced people who have been dealing with the sale of residential, agricultural and equestrian properties throughout West Somerset for a considerable number of years. 1/2% - Halfapercent - 'Live' Website of UK Property for sale and to rent The AWARD WINNING Estate Agents Halfapercent, who are London's largest online Estate Agency, are now selling rural properties. Halfapercent visit & produce full details, including virtual video tours. They market the properties to their existing London based clients looking to move to the Countryside and online to all internet users, via their extensive network. Sales Fees from only 0.5%. Lettings Fees from only 5%. Miller & Son Estate agents for the sale or letting of domestic and commercial premises in the South West. Recoco A relocation agency which provides a personal property service, home purchasing service and a house finding service based in the southwest of england. A cottage by the sea - somewhere to sail, to escape, to dream... Stags An independent, multi-disciplined Partnership with 13 offices throughout the West Country. The London Office, situated in Pall Mall and providing the strategic London marketing arm, completes the picture - providing a London showcase for West Country properties. 13 offices in Devon, Somerset and Cornwall, well known for handling the sale of Agricultural and Rural Properties: Farms, Country Houses and Estates Symonds & Sampson Chartered Surveyors, Estate Agents and Auctioneers - Dorset, Devon, Somerset, Wiltshire and at The London Office. Services include the sale of residential, agricultural and commercial property; lettings; building surveys and general valuations; machinery and livestock auctions; sale and lease of quotas; farm finance; farm management; planning and professional advice. MIDLANDS RETURN TO INDEX Godfrey-Payton An independent multi-disciplinary private practice of Chartered Surveyors operating throughout the broad spectrum of the Midlands' property market. 3 offices at Warwick, Coventry, and Market Harborough, offering a totally comprehensive range of professional services covering all types of property be it residential, commercial or agricultural, at very competitive rates EQUESTRIAN SPECIALISTS RETURN TO INDEX Churchill Country and Equestrian Estate Agents Specialising in properties with land, country estates, riding schools, livery yards, equestrian centres, private and commercial properties throughout the United Kingdom. For houses for horses contact Churchills. Land Portal uses local contacts to develop an exclusive network of 47 locations across the UK with Arable and Equestrian Land for Sale. Michael Martin Specialist equestrian estate agent for property with land and stables in the UK. Premier Equestrian & Rural Homes We focus exclusively on matching buyers and sellers with some of the UK's most desirable Equestrian, Farm and Rural properties, typically in the range £500k - £10m. We have access to a private client bank which contains many properties which are being confidentially or privately marketed. Our equestrian property search agency, Sands Home Search will provide property search, negotiation & purchase assistance to private buying clients. For property sellers we will market your property to a wide audience of potential buyers (and in a confidential manner if required). All our properties are advertised on www.PrimeLocation.com Southern Equestrian Properties A specialist equestrian estate agent for people with horses. Handling equestrian properties for sale in Bucks, Oxon, Wilts, Berks, Hants and the Isle of Wight. UK Equestrian Properties - Specialist equestrian estate agents A group of individual equestrian property sales offices working to the successful formula defined by East Anglia Equestrian Properties, that of - 'Horsey' people with regional experience selling property for 'Horsey' people. From this perspective - Our mission is to offer the best possible levels of customer service and support to provide you with a rewarding experience in either the selling or buying process that you will want to recommend to your friends. Windsor Clive International Specialising in the sale, purchase, valuation and letting of stud farms and property suitable for horses, particularly in Great Britain, Ireland and France. Just Visiting Accommodation | Cottages | Entertainment | Rural B&Bs | Tourist Guides | Walking & Camping | Outdoor Activities | Gardening Business Ask Adams | Total Tracking | The Credithelpline | Agriculture & Land Management | Land Services | Livestock | Machinery | New & Alternative Enterprises | Small Business Help | Personal Help & Advice | Specilaist Property | Land and property for Sale | Total Numbers | Railclips | Market Place Farmers Markets | Art & Crafts | Employment Environment Natural History | Heritage | Rural Campaigning Rural Pursuits Fishing | Equestrian | Shooting | Hunting | Government Organisations | Personal Sites HOME | Add Your Site | EVENTS | NEWS The Rural Index MRA 2001-2005. All rights reserved. email webmaster | publishers MRA VISIT OUR SISTER Britain's Country Property Index Britain's new directory of country property, providing an inexpensive platform for land agents; estate agents; letting agents and individuals to promote and find rural property lets and sales. BOOKMARK THIS PAGE! The UK's leading guide to Rural Britain online. Updated weekly SEARCH Google Search Site Search RURAL CHOICE Established Landscape Gardeners based in Cheshire Full aspect garden design we cater for private and commercial clients and have even been commisioned to do work for the National Trust, we are an established company and all our work is 100% gauranteed . UK Plot Sales - Land for Sale UK Plot Sales offers plots of land for sale with high development and planning potential. SITE OWNERS! Help us ensure our reviews and links are up to date. Please email with any site changes or news we may wish to highlight, quoting your registration number.

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HUD - 100 Q&A for Homebuyers Housing About Housing Contact us Keywords Single Family Audience groups Buying a home Events & training FHA insured loans Common questions Housing counseling HUD homes/ REO Owning a home Reference guide Regulatory programs Hospitals Multifamily OAHP Reading room Online forums Work online HUD news Homes Communities Working with HUD Resources Tools Webcasts Mailing lists Contact us Help 100 Questions & Answers About Buying A New Home Information by State Esta página en español Print version Email this to a friend Dear Future Homeowner: Homeownership is becoming a reality for more and more Americans. During 2000, the US homeownership rate reached 67.7%, the highest rate ever. Yet many Americans don't realize that homeownership is within their grasp. A home is a financial asset and more: it's a place to live and raise children; it's a plan for the future; it's an investment in your community. That's why we at the U.S. Department of Housing and Urban Development want all Americans to have an opportunity to enjoy the benefits of owning a home. And we are especially proud of our work to help first-time homebuyers: thanks to our special programs, more than 81% of FHA-insured loans went to first-time homebuyers during 2000. Knowledge is said to open doors. This is literally true when it comes to buying a home. To become a first-time homebuyer, you need to know where and how to begin the homebuying process. The following questions and answers have been carefully selected to give you a foundation of basic knowledge. In addition to helping you begin, this brochure will give you the tools necessary to navigate the entire process - from deciding whether you're ready to buy, all the way to that final proud step, getting the keys to your new home. Calling for this brochure was your first step. Now you can use this information to determine if you're ready to buy a home. if you are ready, contact a real estate agent, lender, or a housing counseling agency. They can help you decide your next step. HUD's FHA has helped more than 30 million people become homeowners since 1934. We want to help you open the door to your own home. After all, HUD and FHA are on your side. Good Luck! TABLE OF CONTENTS Introduction Part I Getting Started Part II Finding Your Home Part III You've Found It Part IV General Financing -- Questions:The Basics Part V First Steps Part VI Finding The Right Loan For You Part VII Closing Part VIII How Can HUD And The FHA help Me Become a Homeowner Part IX Mortgage Insurance Part X FHA Products Glossary GETTING STARTED 1. HOW DO I KNOW IF I'M READY TO BUY A HOME? You can find out by asking yourself some questions: Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable? Do I have a good record of paying my bills? Do I have few outstanding long-term debts, like car payments? Do I have money saved for a down payment? Do I have the ability to pay a mortgage every month, plus additional costs? If you can answer "yes" to these questions, you are probably ready to buy your own home. 2. HOW DO I BEGIN THE PROCESS OF BUYING A HOME? Start by thinking about your situation. Are you ready to buy a home? How much can you afford in a monthly mortgage payment (see Question 4 for help)? How much space do you need? What areas of town do you like? After you answer these questions, make a "To Do" list and start doing casual research. Talk to friends and family, drive through neighborhoods, and look in the "Homes" section of the newspaper. 3. HOW DOES PURCHASING A HOME COMPARE WITH RENTING? The two don't really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing. Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that's an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it. 4. HOW DOES THE LENDER DECIDE THE MAXIMUM LOAN AMOUNT THAT CAN AFFORD? The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. According to the FHA,monthly mortgage payments should be no more than 29% of gross income, while the mortgage payment, combined with non-housing expenses, 4 should total no more than 41% of income. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount. 5. HOW DO I SELECT THE RIGHT REAL ESTATE AGENT? Start by asking family and friends if they can recommend an agent. Compile a list of several agents and talk to each before choosing one. Look for an agent who listens well and understands your needs, and whose judgment you trust. The ideal agent knows the local area well and has resources and contacts to help you in your search. Overall, you want to choose an agent that makes you feel comfortable and can provide all the knowledge and services you need. 6. HOW CAN I DETERMINE MY HOUSING NEEDS BEFORE I BEGIN THE SEARCH? Your home should fit way you live, with spaces and features that appeal to the whole family. Before you begin looking at homes, make a list of your priorities - things like location and size. Should the house be close to certain schools? your job? to public transportation? How large should the house be? What type of lot do you prefer? What kinds of amenities are you looking for? Establish a set of minimum requirements and a 'wish list." Minimum requirements are things that a house must have for you to consider it, while a "wish list" covers things that you'd like to have but aren't essential. FINDING YOUR HOME 7 . WHAT SHOULD I LOOK FOR WHEN DECIDING ON A COMMUNITY? Select a community that will allow you to best live your daily life. Many people choose communities based on schools. Do you want access to shopping and public transportation? Is access to local facilities like libraries and museums important to you? Or do you prefer the peace and quiet of a rural community? When you find places that you like, talk to people that live there. They know the most about the area and will be your future neighbors. More than anything, you want a neighborhood where you feel comfortable in. 8. WHAT SHOULD I DO IF I'M FEELING EXCLUDED FROM CERTAIN NEIGHBORHOODS? Immediately contact the U.S. Department of Housing and Urban Development (HUD) if you ever feel excluded from a neighborhood or particular house. Also, contact HUD if you believe you are being discriminated against on the basis of race, color, religion, sex, nationality, familial status, or disability. HUD's Office of Fair Housing has a hotline for reporting incidents of discrimination: 1-800-669-9777 (and 1-800-927-9275 for the hearing impaired). 9. HOW CAN I FIND OUT ABOUT LOCAL SCHOOLS? You can get information about school systems by contacting the city or county school board or the local schools. Your real estate agent may also be knowledgeable about schools in the area. 10. HOW CAN I FIND OUT ABOUT COMMUNITY RESOURCES? Contact the local chamber of commerce for promotional literature or talk to your real estate agent about welcome kits, maps, and other information. You may also want to visit the local library. It can be an excellent source for information on local events and resources, and the librarians will probably be able to answer many of the questions you have. 11. HOW CAN I FIND OUT HOW MUCH HOMES ARE SELLING FOR IN CERTAIN COMMUNITIES AND NEIGHBORHOODS? Your real estate agent can give you a ballpark figure by showing you comparable listings. If you are working with a REALTOR, they may have access to comparable sales maintained on a database. 12. HOW CAN I FIND INFORMATION ON THE PROPERTY TAX LIABILITY? The total amount of the previous year's property taxes is usually included in the listing information. If it's not, ask the seller for a tax receipt or contact the local assessor's off ice. Tax rates can change from year to year, so these figures may be approximate. 13. WHAT OTHER TAX ISSUES SHOULD I TAKE INTO CONSIDERATION? Keep in mind that your mortgage interest and real estate taxes will be deductible. A qualified real estate professional can give you more details on other tax benefits and liabilities, 14. IS AN OLDER HOME A BETTER VALUE THAN A NEW ONE? There isn't a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. People who buy older homes, however, shouldn't mind maintaining their home and making some repairs. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy-efficient. People who buy new homes often don't want to worry initially about upkeep and repairs. 15. WHAT SHOULD I LOOK FOR WHEN WALKING THROUGH A HOME? In addition to comparing the home to your minimum requirement and wish lists, use the HUD Home Scorecard and consider the following: Is there enough room for both the present and the future? Are there enough bedrooms and bathrooms? Is the house structurally sound? Do the mechanical systems and appliances work? Is the yard big enough? Do you like the floor plan? Will your furniture fit in the space? Is there enough storage space? (Bring a tape measure to better answer these questions.) Does anything need to repaired or replaced? Will the seller repair or replace the items? Imagine the house in good weather and bad, and in each season. Will you be happy with it year-round? Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint. 16. WHAT QUESTIONS SHOULD I ASK WHEN LOOKING AT HOMES? Many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance (e.g., paint, roof, HVAC, appliances, carpet)? Also ask about the house and neighborhood, focusing on quality of life issues. Be sure the seller's or real estate agent's answers are clear and complete. Ask questions until you understand all of the information they've given. Making a list of questions ahead of time will help you organize your thoughts and arrange all of the information you receive. The HUD Home Scorecard can help you develop your question list. 17. HOW CAN I KEEP TRACK OF ALL THE HOMES I SEE? If possible, take photographs of each house: the outside, the major rooms, the yard, and extra features that you like or ones you see as potential problems. And don't hesitate to return for a second look. Use the HUD Home Scorecard to organize your photos and notes for each house. 18. HOW MANY HOMES SHOULD I CONSIDER BEFORE CHOOSING ONE? There isn't a set number of houses you should see before you decide. Visit as many as it takes to find the one you want. On average, homebuyers see 15 houses before choosing one. Just be sure to communicate often with your real estate agent about everything you're looking for. It will help avoid wasting your time. YOU'VE FOUND IT 19. WHAT DOES A HOME INSPECTOR DO, AND HOW DOES AN INSPECTION FIGURE IN THE PURCHASE OF A HOME ? An inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction, and mechanical systems of the house and will make you aware of only repairs,that are needed. The Inspector does not evaluate whether or not you're getting good value for your money. Generally, an inspector checks (and gives prices for repairs on): the electrical system, plumbing and waste disposal, the water heater, insulation and Ventilation, the HVAC system, water source and quality, the potential presence of pests, the foundation, doors, windows, ceilings, walls, floors, and roof. Be sure to hire a home inspector that is qualified and experienced. It's a good idea to have an inspection before you sign a written offer since, once the deal is closed, you've bought the house as is." Or, you may want to include an inspection clause in the offer when negotiating for a home. An inspection t clause gives you an 'out" on buying the house if serious problems are found,or gives you the ability to renegotiate the purchase price if repairs are needed. An inspection clause can also specify that the seller must fix the problem(s) before you purchase the house. 20. DO I NEED TO BE THERE FOR THE INSPECTION? It's not required, but it's a good idea. Following the inspection, the home inspector will be able to answer questions about the report and any problem areas. This is also an opportunity to hear an objective opinion on the home you'd I like to purchase and it is a good time to ask general, maintenance questions. 21. ARE OTHER TYPES OF INSPECTIONS REQUIRED? If your home inspector discovers a serious problem a more specific Inspection may be recommended. It's a good idea to consider having your home inspected for the presence of a variety of health-related risks like radon gas asbestos, or possible problems with the water or waste disposal system. 22. HOW CAN I PROTECT MY FAMILY FROM LEAD IN THE HOME? If the house you're considering was built before 1978 and you have children under the age of seven, you will want to have an inspection for lead-based point. It's important to know that lead flakes from paint can be present in both the home and in the soil surrounding the house. The problem can be fixed temporarily by repairing damaged paint surfaces or planting grass over effected soil. Hiring a lead abatement contractor to remove paint chips and seal damaged areas will fix the problem permanently. 23. ARE POWER LINES A HEALTH HAZARD? There are no definitive research findings that indicate exposure to power lines results in greater instances of disease or illness. 24. DO I NEED A LAWYER TO BUY A HOME? Laws vary by state. Some states require a lawyer to assist in several aspects of the home buying process while other states do not, as long as a qualified real estate professional is involved. Even if your state doesn't require one, you may want to hire a lawyer to help with the complex paperwork and legal contracts. A lawyer can review contracts, make you aware of special considerations, and assist you with the closing process. Your real estate agent may be able to recommend a lawyer. If not, shop around. Find out what services are provided for what fee, and whether the attorney is experienced at representing homebuyers. 25. DO I REALLY NEED HOMEOWNER'S INSURANCE? Yes. A paid homeowner's insurance policy (or a paid receipt for one) is required at closing, so arrangements will have to be made prior to that day. Plus, involving the insurance agent early in the home buying process can save you money. Insurance agents are a great resource for information on home safety and they can give tips on how to keep insurance premiums low. 26. WHAT STEPS COULD I TAKE TO LOWER MY HOMEOWNER'S INSURANCE COSTS? Be sure to shop around among several insurance companies. Also, consider the cost of insurance when you look at homes. Newer homes and homes constructed with materials like brick tend to have lower premiums. Think about avoiding areas prone to natural disasters, like flooding. Choose a home with a fire hydrant or a fire department nearby. 27. IS THE HOME LOCATED IN A FLOOD PLAIN? Your real estate agent or lender can help you answer this question. If you live in a flood plain, the lender will require that you have flood insurance before lending any money to you. But if you live near a flood plain, you may choose whether or not to get flood insurance coverage for your home. Work with an insurance agent to construct a policy that fits your needs. 28. WHAT OTHER ISSUES SHOULD I CONSIDER BEFORE I BUY MY HOME? Always check to see if the house is in a low-lying area, in a high-risk area for natural disasters (like earthquakes, hurricanes, tornadoes, etc.), or in a hazardous materials area. Be sure the house meets building codes. Also consider local zoning laws, which could affect remodeling or making an addition in the future. Your real estate agent should be able to help you with these questions. 29. HOW DO I MAKE AN OFFER? Your real estate agent will assist you in making an offer, which will include the following information: Complete legal description of the property Amount of earnest money Down payment and financing details Proposed move-in date Price you are offering Proposed closing date Length of time the offer is valid Details of the deal Remember that a sale commitment depends on negotiating a satisfactory contract with the seller, not just Making an offer. Other ways to lower ins-insurance costs include insuring your home and car(s) with the same company, increasing home security, and seeking group coverage through alumni or business associations. Insurance costs are always lowered by raising your deductibles, but this exposes you to a higher out-of-pocket cost if you have to file a claim. 30. HOW DO I DETERMINE THE INITIAL OFFER? Unless you have a buyer's agent, remember that the agent works for the seller. Make a point of asking him or her to keep your discussions and information confidential. Listen to your real estate agent's advice, but follow your own instincts on deciding a fair price. Calculating your offer should involve several factors: what homes sell for in the area, the home's condition, how long it's been on the market, financing terms, and the seller's situation. By the time you're ready to make an offer, you should have a good idea of what the home is worth and what you can afford. And, be prepared for give-and-take negotiation, which is very common when buying a home. The buyer and seller may often go back and forth until they can agree on a price. 31. WHAT IS EARNEST MONEY? HOW MUCH SHOULD I SET ASIDE? Earnest money is money put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price (though the amount can vary with local customs and conditions). If your offer is accepted, the earnest money becomes part of your down payment or closing costs. If the offer is rejected, your money is returned to you. If you back out of a deal, you may forfeit the entire amount. 32. WHAT ARE "HOME WARRANTIES", AND SHOULD I CONSIDER THEM? Home warranties offer you protection for a specific period of time (e.g., one year) against potentially costly problems, like unexpected repairs on appliances or home systems, which are not covered by homeowner's insurance. Warranties are becoming more popular because they offer protection during the time immediately following the purchase of a home, a time when many people find themselves cash-strapped. GENERAL FINANCING QUESTIONS:THE BASICS 33. WHAT IS A MORTGAGE? Generally speaking, a mortgage is a loan obtained to purchase real estate. The "mortgage" itself is a lien (a legal claim) on the home or property that secures the promise to pay the debt. All mortgages have two features in common: principal and interest. 34. WHAT IS A LOAN TO VALUE (LTV) HOW DOES IT DETERMINE THE SIZE OF MY LOAN? The loan to value ratio is the amount of money you borrow compared with the price or appraised value of the home you are purchasing. Each loan has a specific LTV limit. For example: With a 95% LTV loan on a home priced at $50,000, you could borrow up to $47,500 (95% of $50,000), and would have to pay,$2,500 as a down payment. The LTV ratio reflects the amount of equity borrowers have in their homes. The higher the LTV the less cash homebuyers are required to pay out of their own funds. So, to protect lenders against potential loss in case of default, higher LTV loans (80% or more) usually require mortgage insurance policy. 35. WHAT TYPES OF LOANS ARE AVAILABLE AND WHAT ARE THE ADVANTAGES OF EACH? Fixed Rate Mortgages: Payments remain the same for the the life of the loan Types 15-year 30-year Advantages Predictable Housing cost remains unaffected by interest rate changes and inflation. Adjustable Rate Mortgages (ARMS): Payments increase or decrease on a regular schedule with changes in interest rates; increases subject to limits Types Balloon Mortgage- Offers very low rates for an Initial period of time (usually 5, 7, or 10 years); when time has elapsed, the balance is clue or refinanced (though not automatically) Two-Step Mortgage- Interest rate adjusts only once and remains the same for the life of the loan ARMS linked to a specific index or margin Advantages Generally offer lower initial interest rates Monthly payments can be lower May allow borrower to qualify for a larger loan amount 36. WHEN DO ARMS MAKE SENSE? An ARM may make sense If you are confident that your income will increase steadily over the years or if you anticipate a move in the near future and aren't concerned about potential increases in interest rates. 37. WHAT ARE THE ADVANTAGES OF 15- AND 30-YEAR LOAN TERMS? 30-Year: In the first 23 years of the loan, more interest is paid off than principal, meaning larger tax deductions. As inflation and costs of living increase, mortgage payments become a smaller part of overall expenses. 15-year: Loan is usually made at a lower interest rate. Equity is built faster because early payments pay more principal. 38. CAN I PAY OFF MY LOAN AHEAD OF SCHEDULE? Yes. By sending in extra money each month or making an extra payment at the end of the year, you can accelerate the process of paying off the loan. When you send extra money, be sure to indicate that the excess payment is to be applied to the principal. Most lenders allow loan prepayment, though you may have to pay a prepayment penalty to do so. Ask your lender for details. 39. ARE THERE SPECIAL MORTGAGES FOR FIRST-TIME HOMEBUYERS? Yes. Lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders may now be able to help borrowers who don't have a lot of money saved for the down payment and closing costs, have no or a poor credit history, have quite a bit of long-term debt, or have experienced income irregularities. 40. HOW LARGE OF A DOWN PAYMENT DO I NEED? There are mortgage options now available that only require a down payment of 5% or less of the purchase price. But the larger the down payment, the less you have to borrow, and the more equity you'll have. Mortgages with less than a 20% down payment generally require a mortgage insurance policy to secure the loan. When considering the size of your down payment, consider that you'll also need money for closing costs, moving expenses, and - possibly -repairs and decorating. 41. WHAT IS INCLUDED IN A MONTHLY MORTGAGE PAYMENT? The monthly mortgage payment mainly pays off principal and interest. But most lenders also include local real estate taxes, homeowner's insurance, and mortgage insurance (if applicable). 42. WHAT FACTORS AFFECT MORTGAGE PAYMENTS? The amount of the down payment, the size of the mortgage loan, the interest rate, the length of the repayment term and payment schedule will all affect the size of your mortgage payment. 43. HOW DOES THE INTEREST RATE FACTOR IN SECURING A MORTGAGE LOAN? A lower interest rate allows you to borrow more money than a high rate with the some monthly payment. Interest rates can fluctuate as you shop for a loan, so ask-lenders if they offer a rate "lock-in"which guarantees a specific interest rate for a certain period of time. Remember that a lender must disclose the Annual Percentage Rate (APR) of a loan to you. The APR shows the cost of a mortgage loan by expressing it in terms of a yearly interest rate. It is generally higher than the interest rate because it also includes the cost of points, mortgage insurance, and other fees included in the loan. 44. WHAT HAPPENS IF INTEREST RATES DECREASE AND I HAVE A FIXED RATE LOAN? If interest rates drop significantly, you may want to investigate refinancing. Most experts agree that if you plan to be in your house for at least 18 months and you can get a rate 2% less than your current one, refinancing is smart. Refinancing may, however, involve paying many of the same fees paid at the original closing, plus origination and application fees. 45. WHAT ARE DISCOUNT POINTS? Discount points allow you to lower your interest rate. They are essentially prepaid interest, With each point equaling 1% of the total loan amount. Generally, for each point paid on a 30-year mortgage, the interest rate is reduced by 1/8 (or.125) of a percentage point. When shopping for loans, ask lenders for an interest rate with 0 points and then see how much the rate decreases With each point paid. Discount points are smart if you plan to stay in a home for some time since they can lower the monthly loan payment. Points are tax deductible when you purchase a home and you may be able to negotiate for the seller to pay for some of them. 46. WHAT IS AN ESCROW ACCOUNT? DO I NEED ONE? Established by your lender, an escrow account is a place to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance, mortgage insurance (if applicable), and property taxes. Escrow accounts are a good idea because they assure money will always be available for these payments. If you use an escrow account to pay property tax or homeowner's insurance, make sure you are not penalized for late payments since it is the lender's responsibility to make those payments. FIRST STEPS 47. WHAT STEPS NEED TO BE TAKEN TO SECURE A LOAN? The first step in securing a loan is to complete a loan application. To do so, you'll need the following information. Pay stubs for the past 2-3 months W-2 forms for the past 2 years Information on long-term debts Recent bank statements tax returns for the past 2 years Proof of any other income Address and description of the property you wish to buy Sales contract During the application process, the lender will order a report on your credit history and a professional appraisal of the property you want to purchase. The application process typically takes between 1-6 weeks. 48. HOW DO I CHOOSE THE RIGHT LENDER FOR ME? Choose your lender carefully. Look for financial stability and a reputation for customer satisfaction. Be sure to choose a company that gives helpful advice and that makes you feel comfortable. A lender that has the authority to approve and process your loan locally is preferable, since it will be easier for you to monitor the status of your application and ask questions. Plus, it's beneficial when the lender knows home values and conditions in the local area. Do research and ask family, friends, and your real estate agent for recommendations. 49. HOW ARE PRE-QUALIFYING AND PRE-APPROVAL DIFFERENT? Pre-qualification is an informal way to see how much you maybe able to borrow. You can be 'pre-qualified' over the phone with no paperwork by telling a lender your income, your long-term debts, and how large a down payment you can afford. Without any obligation, this helps you arrive at a ballpark figure of the amount you may have available to spend on a house. Pre-approval is a lender's actual commitment to lend to you. It involves assembling the financial records mentioned in Question 47 (Without the property description and sales contract) and going through a preliminary approval process. Pre-approval gives you a definite idea of what you can afford and shows sellers that you are serious about buying. 50. HOW CAN I FIND OUT INFORMATION ABOUT MY CREDIT HISTORY? There are three major credit reporting companies: Equifax, Experian, and Trans Union. Obtaining your credit report is as easy as calling and requesting one. Once you receive the report, it's important to verify its accuracy. Double check the "high credit limit,"'total loan," and 'past due" columns. It's a good idea to get copies from all three companies to assure there are no mistakes since any of the three could be providing a report to your lender. Fees, ranging from $5-$20, are usually charged to issue credit reports but some states permit citizens to acquire a free one. Contact the reporting companies at the numbers listed for more information. CREDIT REPORTING COMPANIES Company Name Phone Number Experian 1-888-524-3666 Equifax 1-800-685-1111 Trans Union 1-800-916-8800 51. WHAT IF I FIND A MISTAKE IN MY CREDIT HISTORY? Simple mistakes are easily corrected by writing to the reporting company, pointing out the error, and providing proof of the mistake. You can also request to have your own comments added to explain problems. For example, if you made a payment late due to illness, explain that for the record. Lenders are usually understanding about legitimate problems. 52. WHAT IS A CREDIT BUREAU SCORE AND HOW DO LENDERS USE THEM? A credit bureau score is a number, based upon your credit history, that represents the possibility that you will be unable to repay a loan. Lenders use it to determine your ability to qualify for a mortgage loan. The better the score, the better your chances are of getting a loan. Ask your lender for details. 53. HOW CAN I IMPROVE MY SCORE? There are no easy ways to improve your credit score, but you can work to keep it acceptable by maintaining a good credit history. This means paying your bills on time and not overextending yourself by buying more than you can afford. FINDING the RIGHT LOAN for YOU 54. HOW DO I CHOOSE THE BEST LOAN - PROGRAM FOR ME? Your personal situation will determine the best kind of loan for you. By asking yourself a few questions, you can help narrow your search among the many options available and discover which loan suits you best. Do you expect your finances to changeover the next few years? Are you planning to live in this home for a long period of time? Are you comfortable with the idea of a changing mortgage payment amount? Do you wish to be free of mortgage debt as your children approach college age or as you prepare for retirement? Your lender can help you use your answers to questions such as these to decide which loan best fits your needs. 55. WHAT IS THE BEST WAY TO COMPARE LOAN TERMS BETWEEN LENDERS? First, devise a checklist for the information from each lending institution. You should include the company's name and basic information, the type of mortgage, minimum down payment required, interest rate and points, closing costs, loan processing time, and whether prepayment is allowed. Speak with companies by phone or in person. Be sure to call every lender on the list the same day, as interest rates can fluctuate daily. In addition to doing your own research, your real estate agent may have access to a database of lender and mortgage options. Though your agent may primarily be affiliated with a particular lending institution, he or she may also be able to suggest a variety of different lender options to you. 56. ARE THERE ANY COSTS OR FEES ASSOCIATED WITH THE LOAN ORIGINATION PROCESS? Yes. When you turn in your application, you'll be required to pay a loan application fee to cover the costs of underwriting the loan. This fee pays for the home appraisal, a copy of your credit report, and any additional charges that may be necessary. The application fee is generally non-refundable. 57. WHAT IS RESPA? RESPA stands for Real Estate Settlement Procedures Act. It requires lenders to disclose information to potential customers throughout the mortgage process, By doing so, it protects borrowers from abuses by lending institutions. RESPA mandates that lenders fully inform borrowers about all closing costs, lender servicing and escrow account practices, and business relationships between closing service providers and other parties to the transaction. For more information on RESPA , or call 1-800-569-4287 for a local counseling referral. 58. WHAT IS A GOOD FAITH ESTIMATE, AND HOW DOES IT HELP ME? It's an estimate that lists all fees paid before closing, all closing costs, and any escrow costs you will encounter when purchasing a home. The lender must supply it within three days of your application so that you can make accurate judgments when shopping for a loan. 59. BESIDES RESPA, DOES THE LENDER HAVE ANY ADDITIONAL RESPONSIBILITIES? Lenders are not allowed to discriminate in any way against potential borrowers. If you believe a lender is refusing to provide his or her services to you on the basis of race, color, nationality, religion, sex, familial status, or disability, contact HUD's Office of Fair Housing at 1-800-669-9777 (or 1-800-927-9275 for the hearing impaired). 60. WHAT RESPONSIBILITIES DO I HAVE DURING THE LENDING PROCESS? To ensure you won't fall victim to loan fraud, be sure to follow all of these steps as you apply for a loan: Be sure to read and understand everything before you sign. Refuse to sign any blank documents. Do not buy property for someone else. Do not overstate your income. Do not overstate how long you have been employed. Do not overstate your assets. Accurately report your debts. Do not change your income tax returns for any reason. Tell the whole truth about gifts. Do not list fake co-borrowers on your loan application. Be truthful about your credit problems, past and present. Be honest about your intention to occupy the house Do not provide false supporting documents. CLOSING 61. WHAT HAPPENS AFTER I'VE APPLIED FOR MY LOAN? It usually takes a lender between 1-6 weeks to complete the evaluation of your application. Its not unusual for the lender to ask for more information once the application has been submitted. The sooner you can provide the information, the faster your application will be processed. Once all the information has been verified the lender will call you to let you know the outcome of your application. If the loan is approved, a closing date is set up and the lender will review the closing with you. And after closing, you'll be able to move into your new home. 62. WHAT SHOULD I LOOK OUT FOR DURING THE FINAL WALK-THROUGH? This will likely be the first opportunity to examine the house without furniture, giving you a clear view of everything. Check the walls and ceilings carefully, as well as any work the seller agreed to do in response to the inspection. Any problems discovered previously that you find uncorrected should be brought up prior to closing. It is the seller's responsibility to fix them. 63. WHAT MAKES UP CLOSING COST? There may be closing cost customary or unique to a certain locality, but closing cost are usually made up of the following: Attorney's or escrow fees (Yours and your lender's if applicable) Property taxes (to cover tax period to date) Interest (paid from date of closing to 30 days before first monthly payment) Loan Origination fee (covers lenders administrative cost) Recording fees Survey fee First premium of mortgage Insurance (if applicable) Title Insurance (yours and lender's) Loan discount points First payment to escrow account for future real estate taxes and insurance Paid receipt for homeowner's insurance policy (and fire and flood insurance if applicable) Any documentation preparation fees 64. WHAT CAN I EXPECT TO HAPPEN ON CLOSING DAY? You'll present your paid homeowner's insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller (remainder of down payment, prepaid taxes, etc.) and then the money the seller owes you (unpaid taxes and prepaid rent, if applicable). The seller will provide proofs of any inspection, warranties, etc. Once you're sure you understand all the documentation, you'll sign the mortgage, agreeing that if you don't make payments the lender is entitled to sell your property and apply the sale price against the amount you owe plus expenses. You'll also sign a mortgage note, promising to repay the loan. The seller will give you the title to the house in the form of a signed deed. You'll pay the lender's agent all closing costs and, in turn,he or she will provide you with a settlement statement of all the items for which you have paid. The deed and mortgage will then be recorded in the state Registry of Deeds, and you will be a homeowner. 65. WHAT DO I GET AT CLOSING? Settlement Statement, HUD-1 Form (itemizes services provided and the fees charged; it is filled out by the closing agent and must be given to you at or before closing) Truth-in-Lending Statement Mortgage Note Mortgage or Deed of Trust Binding Sales Contract (prepared by the seller; your lawyer should review it) Keys to your new home HOW CAN HUD and the FHA HELP ME BECOME a HOMEOWNER 66 . WHAT IS THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT? Also known as HUD, the U.S. Department of Housing and Urban Development was established in 1965 to develop national policies and programs to address housing needs in the U.S. One of HUD's primary missions is to create a suitable living environment for all Americans by developing and improving the country's communities and enforcing fair housing laws 67. HOW DOES HUD HELP HOMEBUYERS AND HOMEOWNERS? HUD helps people by administering a variety of programs that develop and support affordable housing. Specifically, HUD plays a large role in homeownership by making loans available for lower- and moderate-income families through its FHA mortgage insurance program and its HUD Homes program. HUD owns homes in many communities throughout the U.S. and offers them for sale at attractive prices and economical terms. HUD also seeks to protect consumers through education, Fair Housing Laws, and housing rehabilitation initiatives. 68. WHAT IS THE FHA? Now an agency within HUD, the Federal Housing Administration was established in 1934 to advance opportunities for Americans to own homes. By providing private lenders with mortgage insurance, the FHA gives them the security they need to lend to first-time buyers who might not be able to qualify for conventional loans. The FHA has helped more than 26 million Americans buy a home. 69. HOW CAN THE FHA ASSIST ME IN BUYING A HOME? The FHA works to make homeownership a possibility for more Americans. With the FHA, you don't need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring smaller down payments than conventional loans. In fact, an FHA down payment could be as little as a few months rent. And your monthly payments may not be much more than rent. 70. HOW IS THE FHA FUNDED? Lender claims paid by the FHA mortgage insurance program are drawn from the Mutual Mortgage Insurance fund. This fund is made up of premiums paid by FHA-insured loan borrowers. No tax dollars are used to fund the program. 71. WHO CAN QUALIFY FOR FHA LOANS anyone who meets the credit requirements, can afford the mortgage payments and cash investment, and who plans to use the mortgaged property as a primary residence may apply for an FHA-insured loan. 72. WHAT IS THE FHA LOAN LIMIT? FHA loan limits vary throughout the country, from $115,200 in low-cost areas to $208,800 in high-cost areas. The loan maximums for multi-unit homes are higher than those for single units and also vary by area. Because these maximums are linked to the conforming loan limit and average area home prices, FHA loan limits are periodically subject to change. Ask your lender for details and confirmation of current limits. 73. WHAT ARE THE STEPS INVOLVED IN THE FHA LOAN PROCESS? With the exception of a few additional forms, the FHA loan application process is similar to that of a conventional loan (see Question 47). With new automation measures, FHA loans may be originated more quickly than before. And, if you don't prefer a face-to-face meeting, you can apply for an FHA loan via mail, telephone, the Internet, or video conference. 74. HOW MUCH INCOME DO I NEED TO HAVE TO QUALIFY FOR AN FHA LOAN? There is no minimum income requirement. But you must prove steady income for at least three years, and demonstrate that you've consistently paid your bills on time. 75. WHAT QUALIFIES AS AN INCOME SOURCE FOR THE FHA? Seasonal pay, child support, retirement pension payments, unemployment compensation, VA benefits, military pay, Social Security income, alimony, and rent paid by family all qualify as income sources. Part-time pay, overtime, and bonus pay also count as long as they are steady. Special savings plans-such as those set up by a church or community association - qualify, too. Income type is not as important as income steadiness with the FHA. 76. CAN I CARRY DEBT AND STILL QUALIFY FOR FHA LOANS? Yes. Short-term debt doesn't count as long as it can be paid off within 10 months. And some regular expenses, like child care costs, are not considered debt. Talk to your lender or real estate agent about meeting the FHA debt-to-income ratio. 77. WHAT IS THE DEBT-TO-INCOME RATIO FOR FHA LOANS? The FHA allows you to use 29% of your income towards housing costs and 41% towards housing expenses and other long-term debt. With a conventional loan, this qualifying ratio allows only 28% toward housing and 36% towards housing and other debt 78. CAN I EXCEED THIS RATIO? You may qualify to exceed if you have: a large down payment a demonstrated ability to pay more toward your housing expenses substantial cash reserves net worth enough to repay the mortgage regardless of income evidence of acceptable credit history or limited credit use less-than-maximum mortgage terms funds provided by an organization a decrease in monthly housing expenses 79. HOW LARGE A DOWN PAYMENT DO I NEED WITH AN FHA LOAN? You must have a down payment of at least 3% of the purchase price of the home. Most affordable loan programs offered by private lenders require between a 3%-5% down payment, with a minimum of 3% coming directly from the borrower's own funds. 80. WHAT CAN I USE TO PAY THE DOWN PAYMENT AND CLOSING COSTS OF AN FHA LOAN? Besides your own funds, you may use cash gifts or money from a private savings club. If you can do certain repairs and improvements yourself, your labor may be used as part of a down 8 payment (called -sweat equity"). If you are doing a lease purchase, paying extra rent to the seller may also be considered the same as accumulating cash. 81. HOW DOES MY CREDIT HISTORY IMPACT MY ABILITY TO QUALIFY? The FHA is generally more flexible than conventional lenders in its qualifying guidelines. In fact, the FHA allows you to re-establish credit if: two years have passed since a bankruptcy has been discharged all judgments have been paid any outstanding tax liens have been satisfied or appropriate arrangements have been made to establish a repayment plan with the IRS or state Department of Revenue three years have passed since a foreclosure or a deed-in-lieu has been resolved 82. CAN I QUALIFY FOR AN FHA LOAN WITHOUT A CREDIT HISTORY? Yes. If you prefer to pay debts in cash or are too young to have established credit, there are other ways to prove your eligibility. Talk to your lender for details. 83. WHAT TYPES OF CLOSING COSTS ARE ASSOCIATED WITH FHA-INSURED LOANS? Except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan outlined in Question 63. The FHA requires a single, upfront mortgage insurance premium equal to 2.25% of the mortgage to be paid at closing (or 1.75% if you complete the HELP program- see Question 91). This initial premium may be partially refunded if the loan is paid in full during the first seven years of the loan term. After closing, you will then be responsible for an annual premium - paid monthly - if your mortgage is over 15 years or if you have a 15-year loan with an LTV greater than 90%. 84. CAN I ROLL CLOSING COSTS INTO my FHA LOAN? No. Though you can't roll closing costs into your FHA loan, you may be able to use the amount you pay for them to help satisfy the down payment requirement. Ask your lender for details. 85. ARE FHA LOANS ASSUMABLE? Yes. You can assume an existing FHA-insured loan, or, if you are the one deciding to sell, allow a buyer to assume yours. Assuming a loan can be very beneficial, since the process is streamlined and less expensive compared to that for a new loan. Also, assuming a loan can often result in a lower interest rate. The application process consists basically of a credit check and no property appraisal is required. And you must demonstrate that you have enough income to support the mortgage loan. In this way, qualifying to assume a loan is similar to the qualification requirements for a new one. 86. WHAT SHOULD I DO IF I CAN'T MAKE A PAYMENT ON LOAN? Call or, write to your lender as soon as possible. Clearly explain the situation and be prepared to provide him or her with financial information. 87. ARE THERE ANY OPTIONS IF I FALL BEHIND ON MY LOAN PAYMENTS? Yes. Talk to your lender or a HUD-approved counseling agency for details. Listed below are a few options that may help you get back on track. For FHA loans: Keep living in your home to qualify for assistance. Contact a HUD-approved housing counseling agency (1-800-569-4287 or TDD: 1-800-483-2209) and cooperate with the counselor/lender trying to help you. HUD has a number of special loss mitigation programs available to help you: Special Forbearance: Your lender will arrange for a revised repayment plan which may Include temporary reduction or suspension of payments; you can qualify by having an Involuntary reduction in your Income or Increase In living expenses. Mortgage Modification: Allows refinance debt and/or extend the term of the your mortgage loan which may reduce your monthly payments; you can qualify if you have recovered from financial problems, but net Income Is less than before. Partial Claim: Your lender maybe able to help you obtain an interest-free loan from HUD to bring your mortgage current. Pre-foreclosure Sale: Allows you to sell your property and pay off your mortgage loan ,to avoid foreclosure. Deed-in lieu of Foreclosure: Lets you voluntarily "give back" your property to the lender; it won't save your house but will help you avoid the costs, time, and effort of the foreclosure process. If you are having difficulty with an-uncooperative lender or feel your loan servicer is not providing you with the most effective loss mitigation options, call the FHA Loss Mitigation Center at 1-888-297-8685 for additional help. For Conventional Loans: Talk to your lender about specific loss mitigation options. Work directly with him or her to request a "workout packet." A secondary lender, like Fannie Mae or Freddie Mac, may have purchased your loan. Your lender can follow the appropriate guidelines set by Fannie or Freddie to determine the best option for your situation. Fannie Mae does not deal directly with the borrower. They work with the lender to determine the loss mitigation program that best fits your needs. Freddie Mac, like Fannie Mae, will usually only work with the loan servicer. However, if you encounter problems with your lender during the loss mitigation process, you can coil customer service for help at 1-800-FREDDIE (1-800-373-3343). In any loss mitigation situation, it is important to remember a few helpful hints: Explore every reasonable alternative to avoid losing your home, but beware of scams. For example, watch out for: Equity skimming: a buyer offers to repay the mortgage or sell the property if you sign over the deed and move out. Phony counseling agencies: offer counseling for a fee when it is often given at no charge. Don't sign anything you don't understand. MORTGAGE INSURANCE 88. WHAT IS MORTGAGE INSURANCE? Mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages. It's required primarily for borrowers making a down payment of less than 20%. 89. HOW DOES MORTGAGE INSURANCE WORK? IS IT LIKE HOME OR AUTO INSURANCE? Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against loss, and is used in the event of an emergency. If a borrower can't repay an insured mortgage loan as agreed, the lender may foreclose on the property and file a claim with the mortgage insurer for some or most of the total losses. 90. DO I NEED MORTGAGE INSURANCE? HOW DO I GET IT? You need mortgage insurance only if you plan to make a down payment of less than 20% of the purchase price of the home. The FHA offers several loan programs that may meet your needs. Ask your lender for details. 91. HOW CAN I RECEIVE A DISCOUNT ON THE FHA INITIAL MORTGAGE INSURANCE PREMIUM? Ask your real estate agent or lender for information on the HELP program from the FHA. HELP - Homebuyer Education Learning Program - is structured to help people like you begin the homebuying process. It covers such topics as budgeting, finding a home, getting a loan, and home maintenance. In most cases, completion of this program may entitle you to a reduction in the initial FHA mortgage insurance premium from 2.25% to 1.75% of the purchase price of your new home. 92. WHAT IS PMI? PMI stands for Private Mortgage Insurance or Insurer. These are privately-owned companies that provide mortgage insurance. They offer both standard and special affordable programs for borrowers. These companies provide guidelines to lenders that detail the types of loans they will insure. Lenders use these guidelines to determine borrower eligibility. PMI's usually have stricter qualifying ratios and larger down payment requirements than the FHA, but their premiums are often lower and they insure loans that exceed the FHA limit. FHA PRODUCTS 93. WHAT IS A 203(b) LOAN? This is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines, limited lender's fees, and a maximum loan amount. 94. WHAT IS A 203(k) LOAN? This is a loan that enables the homebuyer to finance both the purchase and rehabilitation of a home through a single mortgage. A portion of the loan is used to pay off the seller's existing mortgage and the remainder is placed in an escrow account and released as rehabilitation is completed. Basic guidelines for 203(k) loans are as follows: The home must be at least one year old. The cost of rehabilitation must be at least $5,000, but the total property value - including the cost of repairs - must fall within the FHA maximum mortgage limit. The 203(k) loan must follow many of the 203(b) eligibility requirements. Talk to your lender about specific improvement, energy efficiency, and structural guidelines. 95. WHAT IS AN ENERGY EFFICIENT MORTGAGE (EEM)? The Energy Efficient Mortgage allows a homebuyer to save future money on utility bills. This is done by financing the cost of adding energy-efficiency features to a new or existing home as part of an FHA-insured home purchase. The EEM can be used with both 203(b) and 203(k) loans. Basic guidelines for EEMs are as follows: The cost of improvements must be determined by a Home Energy Rating System or by an energy consultant. This cost must be less than the anticipated savings from the improvements. One- and two-unit new or existing homes are eligible; condos are not. The improvements financed may be 5% of property value or $4,000, whichever is greater. The total must fall within the FHA loan limit. 96. DELETED. 97. WHAT IS A TITLE I LOAN? Given by a Lender and insured by the FHA, a Title I loan is used to make non-luxury renovations and repairs to a home. It offers a manageable interest rate and repayment schedule. Loans are limited to between $5,000 and 20,000. If the loan amount is under 7,500, no lien is required against your home. Ask your lender for details. 98. WHAT OTHER LOAN PRODUCTS OR PROGRAMS DOES THE FHA OFFER? The FHA also insures loans for the purchase or rehabilitation of manufactured housing, condominiums, and cooperatives. It also has special programs for urban areas, disaster victims, and members of the armed forces. Insurance for ARMS is also available from the FHA. 99. HOW CAN I OBTAIN AN FHA-INSURED LOAN? Contact an FHA-approved lender such as a participating mortgage company, bank, savings and loan association, or thrift. For more information on the FHA and how you can obtain an FHA loan, visit the HUD web site at http://www.hud.gov or call a HUD-approved counseling agency at 1-800-569-4287 or TDD: 1-800-877-8339. 100. HOW CAN I CONTACT HUD? Visit the web site at http://www.hud.gov or look in the phone book "blue pages" for a listing of the HUD office near you. Return to Top Content updated April 4, 2003 Back to top FOIA Privacy Web Policies and Important Links Home U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you

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Real Estate - Forbes.com U.S. | EUROPE | ASIA Jump Select Section Home Investment Newsletters Polls & Discussions Premium Tools Special Reports Video & Audio Watchlist IT Research Library IT Product & Service Search Business -Manufacturing -Technology -Commerce -Services -Energy -Healthcare -Small Business Technology -E-Business -Enterprise Tech -Infoimaging -Personal Tech -Science & Medicine -Wireless Markets -Equities -Economy -Commodities -Bonds -Emerging Markets -Currencies Work -Careers -Compensation -Entrepreneurs -Management Lists -Companies --Forbes 500s --Forbes Global 500 --200 Best Small Cos. --400 Best Big Cos. --Largest Private Cos. -People --World's Richest People --100 Top Celebrities --400 Richest Americans --Best Paid CEOs -Places --Best Places Personal Finance -Estate Planning -Funds -Philanthropy -Retirement -Strategies -Taxes Lifestyle -Collecting -Health -Real Estate -Sport -Travel -Vehicles -Wine & Food Columnists Magazines -Forbes Magazine -Forbes Global -Forbes FYI -Forbes ASAP -Best of the Web -Archives -Subscriptions Tools About Us Contact Us Help Reprints/Permissions Sitemap Advertising Conferences Forbes Collection Forbes Mobile Special Advertising Search Quote HOME PAGE FOR THE WORLD'S BUSINESS LEADERS Home Special Advertising Section Paid Advertisement Article When it comes to Real Estate, Knowing Your Stuff is the Key to Success Are you looking to buy or sell a home or other piece of property? The real estate market is a difficult one, and should not be entered casually. With the right information, you can make your venture a success, but all to often lack of foresight and failure to do the proper exploration leave consumers in unfortunate situations that are difficult to rectify. An educated consumer is a happy consumer, and in no market is this truer than the property market. Before you commit, learn as much as you can – whether you’re buying or selling, you’ll never regret doing a little extra research. Real Estate Basics To begin with the basics, let’s consider a few definitions. “Real Property” is legally defined as “land and improvements permanently attached to the land.” Improvements include everything from houses and garages to in-ground swimming pools, but exclude portable items like mobile homes and tool sheds. Also included in real property are substances beneath the land, such as gas, minerals and oil. There are many types of real estate, but most consumers will encounter only two: single-family homes and commercial property. Commercial property may include spaces used for retail, office, shopping, hotels, warehouses, manufacturing facilities, apartment complexes, as well as vacant land zoned to be used for any of those purposes. Aside from specialty properties like farms and industrial sites, almost any property to be used for anything besides a single-family homes is considered commercial. Different rules govern transactions involving each kind of property, and it’s important to know what you will encounter before you get started. The use of any property is limited by zoning laws, which govern the purpose – for example, housing, retail, or industrial – for which the real estate can be used. Zoning laws also restrict the size and height of buildings, the portion of property that may be used for parking, how far buildings must be set from the street and from each other, and whether and what kind of hazardous materials can be stored there. Public easement and right of way laws, which fall into the general category of zoning, outline whether and which parts of private property must be reserved for public use, usually in the form of sidewalks, electrical lines, sewer pipes, fire hydrants and similar public goods. Laws differ from town to town, so if you are looking at multiple locations, keep track of how each municipality’s rules will affect how you can use your property. Choosing a Real Estate Professional Although some people prefer to work on their own, it is usually good to hire a licensed real estate professional if you are looking to buy or sell a house. You may choose between a real estate broker, who is independently licensed to review the entire market and show any house that suits your needs, and a real estate agent who works for a specific company and is usually restricted to showing properties in that company’s listings. Which one you choose will depend on your needs, budget, and the number of real estate companies competing in your area. If there are a large number of companies, you may do better with a broker, but if there are only a few, you can save money by using an agent. No matter what type of professional you choose, there are a few things you should consider before making your decision. How does the agent or broker intend to market your house? How successful has he been in the past, particularly with homes in your range and area? If he is an agent, what is his company’s track record? What is the time limit on the contract you will sign, and can you break it if you’re dissatisfied? Do you feel comfortable that he understands your needs and will work hard to meet them? Recall that, above all, real estate agents are salespeople, so be sure that you are confident that they are working with you as well as for their employers. A great way to narrow down choices is to check the Internet for websites that compare companies and agents in your area. You may also want to talk with friends who have recently moved about their experiences with local agents and brokers. Buying and Selling: What You Need to Know When you are in the market to buy, your individual situation will determine whether or not to hire a professional. You may find that you can do well enough finding suitable listings without the help of an agent. However, if you live in a city where good housing is scarce, you may want to engage someone to help you discern the good from the bad. Real estate agents can also be very helpful when it’s time to close the deal, sorting out what items are included with the house (for example, appliances and furnishings) and working with the seller to divide costs fairly. Although it is possible to sell your home without professional help, but this should be attempted with great caution. A real estate professional will help sort through potential buyers to find people who are serious, work with to get a fair price for your property, and be indispensable at closing time when it comes to dividing up property taxes and other shared costs. In general, as a seller, you should expect to run up against a number of expenses when you close on your house. These may include excise tax (a tax levied on the seller of any property or item), attorney and professional fees, property taxes, real estate commission, and fees for survey, inspection, certification and other items, depending on the laws of the state in which the house is sold. Commercial Property: Buying and Selling If you are looking to buy or sell commercial property, your best bet is to engage a real estate attorney who can advise you on legal matters involving the transfer. As with home purchases, it’s important to have the property inspected thoroughly before committing to buy. You will also want to ensure that zoning laws permit you to renovated buildings to suit your needs – for example, buildings that are zoned as small retail outlets may not always be turned into restaurants; warehouses may not necessarily be converted to apartment complexes. Real estate lawyers will make sure that you know as much as possible about your property before you buy. Do Your Homework Youll be Amazed at the Difference it Makes! The best way to be successful in any real estate transaction is to come in with your eyes open. Listed below or some top real estate websites that can help you find what you're looking for today: HomeGain: Selling Your Home? - Let local real estate agents know about the home you'd like to sell so they can address your specific needs. They will send you customized responses including their credentials, business experience, and commission rates to compete for your business. HomeGain: Buying A Home? - Let local real estate agents know about the home you'd like to buy so they can address your specific needs. They will send you customized responses including their credentials, business experience, and local market knowledge to compete for your business. Foreclosure Search: Simple Real Estate Secrets - Search foreclosures in the USA. Includes bank foreclosures, court foreclosures, pre-foreclosures, homeowners in bankruptcy, HUD homes, VA homes, government homes & more! Make Real Money Investing In Real Estate - Lou Vukas gives you the insider secrets to making real money in real estate regardless of your credit, finances or location. ^ Paid Advertisement Article ^ Ad Information        Forbes.com Wireless        Reprints / Permissions        Subscriber Services        ©2004 Forbes.com™      All Rights Reserved       Privacy Statement        Terms, Conditions and Notice Search Engine Marketing by 360i, Inc.

Las Vegas Real Estate

Las Vegas Real Estate Homes, houses for sale in Nevada. Top requests: 1. New homes 2. Resale homes 3. Las Vegas Communities 4. Las Vegas Real Estate News NEW HOMES - NEW HOMES - NEW HOMES - NEW HOMES Search all Brand-new homes online! The Top New homes Builders in Las Vegas - See Photos and Floor plans - Visit the Communities - Request a List of Homes that match your Criteria. Start your search for Las Vegas NEW homes here. RESALE HOMES FOR SALE - RESALE HOMES FOR SALE All Las Vegas Resale homes online! Here is the access to all houses for sale listed by real estate agents in Las Vegas and Henderson, Nevada. If you wish you can ask for more details about any home you like. We will send you more pictures if available and also address and direction. . Multiple listings service (MLS) is database used by REALTORs for listing homes for sale. Here is your access to the database of nearly 9,000 RESALE homes and 5,000 condos in Las Vegas and Henderson. New Luxury Condominiums! Vegas Grand Panorama Towers Metropolis Luxury Condos Turnberry Place Las Vegas Golf Communities Desert Shores Summerlin : Las Vegas HUD and VA U.S. Government Owned Homes There are two types of U.S. Government owned homes: HUD and VA. HUD and VA homes can be a great investment for potential home owners and real estate investors. Often times, the properties can be purchased at a significantly reduced market value... Peccole Ranch and The Lakes Peccole Ranch is located just South of Summerlin and is comprised of 12 communities, 5 of which are gated. Peccole Ranch also features a community clubhouse that can be rented out for large parties... Las Vegas Real Estate Info Information about homes and real estate in Las Vegas Henderson Homes Above $150,000 Commercial Rent Increases Property Tax Reminder Sales Increase on the Internet Pay Click Advertising Call toll free 1-866-580-1919 Teresa Liles 702-524-1313 email RE/MAX Associates Don Liles 702-683-4673 email More Contacts Moving The Las Vegas Valley One Family at a time! We service Las Vegas, North Las Vegas, Henderson, Boulder City, Summerlin, The Lakes, Desert Shores, Eldorado Hills, Rhodes Ranch, Siverado Ranch, Green Valley and Southern Highlands, NV and surrounding areas. Las Vegas Homes and Real Estate. Link to us! Email us now!

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NOAA Home Page Thu December 29 2005 Home Contacts Media Disclaimer Search People Locator Home Page Menu Air Quality Aviation Charts Climate Coasts Contacts Disclaimer Diving Drought Fire Weather Fisheries Floods Hurricanes Jobs Lightning Meet the Administrator Navigation Ocean NOAA Leadership Past Weather Podcast Privacy Policy Question of the Month Research RSS Satellites Search this site Site Map Solar and Space Storm Watch Tornadoes Tsunamis Turtles Volcanoes Weather Weather Data Whales Site Map (includes pull-down menu text) NOAA RSS Podcasts Taking the Pulse of the Planet Your Local Forecast by City, State (not ZIP code) STORM WATCH Current Watches/Warnings Graphical Weather Maps and Other Weather Information Image of the Day • Meet the NOAA Administrator • NOAA Administrator's Speeches • NOAA Leadership • About NOAA • NOAA Strategic Planning • Annual Guidance Memo • FOIA • NOAA History • NOAA Organization Chart • Information Quality • Privacy Policy • Department of Commerce Emergency Information for NOAA Employees • Contracting • Employment • Diversity • Grants • NOAA National Weather Service • NOAA Satellites and Information • NOAA Fisheries • NOAA Ocean Service • NOAA Research • NOAA Marine & Aviation Operations • CIO/HPCC • Education Resources • Education and Sustainable Development • NOAA Corporate Services • General Counsel • Program Planning and Integration • IT Security • Legislative Affairs • NOAA Library • NOAA in Your State • Science Advisory Board • Employee Worklife Center • Hydrographic Services Review Panel • Media Contacts • News Releases • NOAA Background Info • Public Affairs • External Affairs • Story Ideas for Reporters NOAA TEACHER AT SEA PROGRAM LAUNCHES NEW WEB SITE NOAA’s Teacher at Sea program launched a new Web site, better enabling teachers from kindergarten through college to find and apply for opportunities to get first-hand research experience aboard NOAA hydrographic, oceanographic and fisheries research vessels. Teachers who sail aboard NOAA ships write daily logs of their experiences and e-mail them to the NOAA program coordinator. The new Web site’s main feature allows access to these logs, which include information about sea temperatures and other data, research of the day, and interviews with scientists and crew. Full Story Inside NOAA NATIONAL WEATHER SERVICE UNVEILS NEW PRECIPITATION WEB PAGE — High-quality precipitation analyses used for flood forecasts, drought monitoring and climate trends are being made available on the NOAA National Weather Service Web site on a trial basis through June 2006. During this time, comments regarding the service will be collected to determine whether it effectively meets users' needs and whether the service should be continued after the trial period. News Story Archive - Home page stories 1999 - Present NOAA SATELLITES HELP KEEP COMPETITIVE SAILORS SAFE — The international Search and Rescue Satellite-Aided Tracking System (COSPAS-SARSAT) is giving an extra measure of safety for sailors competing in the worldwide Volvo Ocean Race. The SARSAT program is providing life-saving, alert capabilities for 21 emergency beacons, which were purchased by race organizers to use in the race. NOAA Magazine - The stories behind the headlines. Ocean Etiquette: Promoting Responsible Encounters with Living and Submerged Cultural Resources NOAA REPORTS WARMER 2005 FOR THE UNITED STATES, NEAR-RECORD WARMTH GLOBALLY: HURRICANES, FLOODS, SNOW AND WILDFIRES ALL NOTABLE — After a record-breaking hurricane season, blistering heat waves, lingering drought and a crippling Northeast blizzard, 2005 is ending as a warm year in the United States. 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Scientists use tools such as submersibles, remotely operated vehicles, mixed gas diving gear, underwater laboratories and observatories, and other cutting edge technologies to explore the undersea universe. The Emmy award-winning NOAA documentary, Saving Springer , is a remarkable and inspirational story about the work that NOAA does every day. Springer, a young abandoned killer whale, might have faced a solitary existence, left to make her way as best she could. Instead, the work and dedication of NOAA professionals gave Springer a new chance at life and helped her return to her family. Want to Know About NOAA? — You'll need RealPlayer to view this streaming video clip. Click here for video text. Presidential Visit to NOAA Wells Estuary in Wells, Maine. You'll need RealPlayer to view this streaming video. Click here for video text. NOAA Launches the First of Four Planned NOAA Fisheries Survey Vessels — You'll need RealPlayer to view this streaming video clip. Read the story . Publication of the National Oceanic & Atmospheric Administration (NOAA), U.S. Department of Commerce . Last Updated: December 28, 2005 1:12 PM http://www.noaa.gov