DIVORCE - but it looks like a DUCK - 08/27/09 09:32 AM
"Get it over with!"
Beginning in January, 2009 and continuing until the marital house is sold, spouse #1 will recieve $1000 per month from spouse #2 who also pays housing costs (PITI plus utilities) of $4000 directly to mortgage servicer and utility companies.  After sale of marital house, spouse #1 will receive $5000/month for more than three years.  Sale of the marital home is taking place in September, 2009.  Spouse #1 has no other income except as a result of the divorce and would like to move to a smaller home with the children.
Under this situation, the earliest spouse #1 could use $5000 in income … (3 comments)

CONDO FINANCING - STILL AVAILABLE FOR SOME - 08/18/09 03:15 PM
Current guidelines make it very difficult for condo financing.  There are however options that may be overlooked.
1) New Construction - it may be that the developer continues to have a construction loan in place.  If so, current financing guidelines may make it impossible to sell units with anything other than a cash offer.  An alternative would be that consturction lender look longer term and offer buyers creative financing so that the developer is able to sell enough units to allow for FHA, FNMA or Freddie Mac finaning in the future.  I have seen some cases where 5/1 and 7/1 ARMs are … (0 comments)

Taylor Bean and Whitaker - update - 08/18/09 02:55 PM
Don't miss a mortgage payment - make sure you take action to verify this information with TBW and your new servicer.  You should receive a good bye letter from TBW and a welcome letter from your new servicer.  If not, make a call.  There have been scams in the past where a dummy PO box is used to collect payments that then disappeared leaving borrowers with delinquent payments and trashed credit scores.  Beware.
Just Released Info on Taylor Bean and Whitaker
Posted by Julie St. Jean
We just received this information from TBW. You probably will have clients that are affected. … (3 comments)

 
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Angelo Cusinato |CRMS, CMC|Mortgage Specialist

Barrington, IL

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Resource Plus Mortgage Corp.|Angelo Cusinato

Address: WILLIAMSBURG VILLAGE, 1600 COLONIAL PARKWAY, INVERNESS, IL, 60067

Office Phone: (847) 359-5300 x 223

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Why overpay for a home by overpaying for a mortgage? We put education at the top of the list for homebuyers & prepare them to get the right mortgage the first time and every time. Check our website at www.resourceplusmortgage.com for helpful information


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