financing: FHA and MI and Disclosures, Oh My! - 10/05/08 09:20 PM
Lots of changes in the industry take place this month…here’s a summary:
First let’s discuss FHA, since it is pretty much going to be the #1 way to finance deals in this market (you’ll see why a little further down).
FHA has increased their MIP factors just a little bit, from (2 comments)
financing: When can you buy another house after Foreclosure or Bankruptcy? - 08/12/08 07:54 PM
I get this question all the time, and there's a lot of misinformation floating around out there, so I decided to get you some clarification. This is as of 8/1/08.
Please note, this is Fannie Mae's Guidelines, so FHA, VA, and other types of loans will differ.
Chapter 7 Bankruptcy (liquidation): (4 comments)
financing: Webinar: Selling Homes in a Market Where Nothing's Selling - 07/29/08 04:28 PM
This Week's I am holding a webinar on a highly requested topic:
Selling Homes in a Market where Nothing's Selling!
Andy will share with you some of her secrets to:
-Marketing on a Shoe-String Budget
-The 3 types of buyers and which one you REALLY want
-Getting buyers qualified in the (3 comments)
financing: New Laws all Over the Place: Federal Mortgage Changes and FL Foreclosure - 07/17/08 08:53 AM
New Laws All Over the Place!
This week I have an update on the HB 643 Foreclosure Rescue Law AND an update on some BIG changes in the mortgage market that were passed Monday. Both of these may have a HUGE impact on your business and it's important that you become (1 comments)
financing: FHA Releases New Pricing Based on Credit Score and Downpayment - 06/16/08 09:44 PM
FHA Releases New Pricing Based on Credit Score and Downpayment
On June 11th, HUD released Mortgagee Letter 2008-16 which changes the mortgage insurance premium costs for borrowers. It addresses a few other things too, such as refinances, but today I'm going to cover purchase transactions for you.
The new policies go (6 comments)
financing: FHA Changes You May Want to Know About for Buyers - 05/13/08 09:59 PM
FHA Purchase Updates
I'm going to bullet out the hight points that I believe you will be most interested in right now. 2006 saw a lot of changes to FHA guidelines, so if you haven't done one in a while...here's a refresher:
3% downpayment. Can come from savings, gift from a (11 comments)
financing: Orlando Training: How to Magnetically Attract a Swarm of Buyers Like... - 05/01/08 10:02 PM
As I travel across Florida meeting real estate professionals, the biggest thing that I hear right now is that many of you are facing the same challenges: Attracting buyersGetting them to commitGetting them approved for financingHelping your seller "get real" on the marketand many other issuesI've taken my 13 years in the (0 comments)