As a Rhode Island real estate agent who has recently navigated both ends of FHA backed transactions, I can personally attest to the fact that FHA loans are making a strong comeback as a useful alternative for first-time home buyers and home buyers with less than perfect credit.  My experience as of late has enlightened me to the fact that both industry peeps and consumers alike are often still in the dark about the FHA process and what it means to a sale.  So, I'm here to offer an inside scoop.

Tips for Potentail FHA Borrowers:

1.) There are three FHA loan programs:

1. FHA 203(b) fixed-rate mortgage (15- or 30-year loans)
2. FHA 251 adjustable-rate mortgage
3. FHA 2-1 buy-down loans

2.) To qualify for an FHA mortgage, borrowers must:

22071 Views, 0 Comments

  wicker doll carriageAn Elegant Hand-Me-Down from Newport, RI's Gilded Age

Tucked away in one of my closets is an antique wicker doll carriage abandned many years ago by my now grown-up daughters.  My mother-in-law, the late Dorothy Hogan, gave us the carriage when our daughter, Casey, was born. Casey was the first girl in two generations of Hogans, and Dorothy saved that carriage hoping someday she'd have a granddaughter to enjoy it. The fabric is worn and frayed, but the metal wheels and hinges still operate smoothly after all these years.

It was an expensive toy, elegant and built to last. In the early 1900s it belonged to a little girl who summered in a Newport "Cottage" off Ocean Drive. Sometime in the 1930s it was given to Dorothy's mother, Ethel Rabatin, a…

6662 Views, 0 Comments

Mae West once said, "You only live once, but if you do it right, once is enough."

As a luxury waterfront rental specialist in Newport, RI, helping folks "do it right" is my profession. Lucky me - especially at this time of year when Rhode Island summer rental activity begins to heat up. If you're looking for a cool place to spend your vacation this summer, I have lots of ideas in all price ranges, but here are a few of the more unusual offerings:

Nantucket Light ShipThe Nantucket Lightship

The Nantucket Light Ship, Newport RI

Just imagine yourself on the deck of this amazing vessel sipping Champagne while the setting sun paints the harbor an indescribable shade of pink. The lights on the bridge are twinkling, the temperature's about 75, and mmm, mmmm, mmmm, life is…

8139 Views, 0 Comments

Tall Ship in NewportTall Ships come to Newport July 6-9, 2012

It seems everywhere I go these days I overhear people chatting in eager anticipation of the Tall Ships arrival to Newport this summer. The buzz generating around this maritime festival is quite contagious, and I too have caught "the bug". I have quickly come to realize if I'm to call myself a Newporter, I must be in the know about such a highly acclaimed event and what it means for the city. So, I did some digging, and here's what I found.

Newport last boasted official host port to the Tall Ships Challenge in 2007. The festival at that time drew an estimated 200,000 people to Rhode Island creating an enormous economic impact on the state. As 2012 marks the 200th anniversary of the War of 1812, organizers of…

5170 Views, 0 Comments