FHA Loan Rules for Earnest Money

By Karen Summitt

Compare Mortgage Rates – CLICK HERE FHA loan rules are designed to insure that a borrower’s down payment funds come from an approved source and are not provided via non-collateralized loans, or from sources that have a financial interest in the completion of the transaction. But what about earnest money? This cash, used to tell the seller you…

A Statement from the Owner of Summitt’s River Realty, Karen Summitt

By Karen Summitt

On March 15, 2024, the National Association of Realtors agreed to pay $418 million in damages over the next four years and implement significant changes to their regulations regarding how brokers and agents offer and display commissions. This decision was made as part of the settlement in the Sitzer | Burnett and other lawsuits filed…

21 First Time Home Buyer Tips

By Karen Summitt

Thinking about buying your first home? That’s exciting! It’s also a little scary – first-time home buyers face a big financial commitment and a whole lot of new information. Don’t worry about the information, though. We have some insider secrets to help you sort out what you need to know and do. Here are 21…