Thursday, February 17, 2011

Red Means Stop for Right Turns Too

Effective February 11, 2011, illegal right turns on red (such as rolling stops) will be added to the other red light traffic violations enforced at Photo Red Light intersections. Drivers who do not come to a complete stop at a red light before turning right will now be issued a citation when their violation is caught on camera at a Photo Red Light intersection. The Photo Light Intersections will include: Beaverton Hillsdale Highway/Griffith Drive, Hall Blvd/Scholls Ferry Road, Cedar Hills Blvd/walker Rd, and Allen Blvd/Lombard Ave. Keeping the citizens safe on roadways is a high priority for the Police Department. The goal of the Department's Photo Red Light Enforcement Program is to reduce violations, crashes and injuries. The department will now enforce right turn on red traffic violations at the intersections above mentioned. I was not sure how advertised this information was, so I thought it would be important for our Arbor Custom Home families to be aware of the new laws. It is still legal to make a right turn on a red signal once you have come to a complete stop at the stop line. So slow down and make sure to come to a complete stop.

Friday, February 4, 2011

What is an FHA Loan?

An FHA loan, is an Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. FHA insured loans are a type of federal assistance and have historically allowed lower income buyers to borrow money for the purchase of a home that they would not otherwise be able to afford. to obtain mortgage insurance from the Federal Housing Administration, a mortgage insurance premium (MIP) equal to a percentage of the loan amount at closing is required, and is normally financed by the lender and paid to FHA on the borrowers behalf. Depending on the loan to value ratio, there may be a monthly premium as well. Come in to Arbor Pass this weekend, and make an appointment to speak to Adam, our finance expert from Wells Fargo, to see if this would be a good fit for you? We are here Monday-Friday 12-5pm and 10-5pm Saturday and Sunday.