RECEIVING CALLS FROM 877-507-2031 OR OTHER NUMBERS AND THEY DO NOT LEAVE MESSAGES??? FIND OUT WHO THEY ARE HERE! - 10/28/08 06:26 PM
Do you receive calls from 877-507-2031? OR from other numbers that do not leave messages and they incessantly call?  Go to the website:
www.whocallsme.com
 
 
Type in the number that is annoying you and find out who it is and that's your first step to stopping them!
The next step is to go through the long list of prompts to have your number taken off their list!  This may take awhile, but if you are reading this blog, chances are you are aggravated enough to take the time.
 
The phone number which got me to research for a website … (5 comments)

CNN REPORTS TO WATCH OUT FOR THIS COMPUTER VIRUS: PLEASE READ !!!! - 10/27/08 10:35 PM
A potential virus!

 
I checked Snopes and it is for real !! Get this message sent around to your contacts ASAP PLEASE FORWARD THIS WARNING AMONG FRIENDS, FAMILY AND CONTACTS! You should be alert during the next few days. Do not open any message with an attachment entitled 'POSTCARD FROM HALLMARK,' regardless of who sent it to you.  It is a virus which opens A POSTCARD IMAGE, which 'burns' the whole hard disc C of your computer. This virus will be received from someone who has your e-mail address in his/her co ntact list. This is the reason why you … (10 comments)

OH NOOOOO! THE NO DOC LOAN IS ALMOST GOOOOONNNNNNNNE!!!!!!!!! - 10/23/08 09:31 PM
The disappearance of the NO DOC loan is going to be difficult for those homeowners who are worthy of the NO DOC, unless a new loan type is created known as the "NO IMCOME BUT WEALTH" loan.
 
This loan would be for those individuals with GREAT credit, GREAT assets, significant down payment, but show little income due to being self-employed or retired.  Right now, if you have all this criteria, there is only a couple of banks still offering the loan and those banks are about to suspend the program indefinitely.
 
Now, these individuals will either need to find … (3 comments)

FHA LOANS: AGENTS AND MORTGAGE BROKERS: WATCH OUT FOR THIS TEST ON MULTI-FAMILIES!!! - 10/23/08 06:02 PM
So many loan officers forget about the "housing" check for 3 or 4 family FHA purchases.  Desktop underwriting does NOT check for this, so it is a manual check.  I have heard about loans failing at other companies because of this and it is a simple check that can be done by the agent or the mortgage broker.
 
The "housing" check is simply the following:
 
Add the market rents from the appraisal and multiply by 85%.  The result of this equation MUST be EQUAL TO OR GREATER THAN the PITI (Principal, Interest, Taxes and Insurance) PLUS PMI total.
 
… (3 comments)

WE CLOSED A LOAN IN 4 DAYS!!!! HERE IS HOW!!!! - 10/23/08 05:47 PM
YES!  I took an application on a Tuesday and closed it at 5 PM Friday night!  As long as a complete application is taken and any verifications (i.e. employment or rental) are conducted quickly and the file is internally underwritten via the FNMA or Freddie or FHA engines, and the appraisal is complete, lenders can close and fund within 72 hours.
 
Now many of you are probably saying what lenders in your area can do this.  What do we have at Seacoast Mortgage that other places may or may not have.  Here is the list:
 
•1)      Licensed lender AND … (5 comments)

HAVE ANY INDYMAC LOAN? YOU MUST READ THIS!!! - 10/23/08 12:52 PM
Some more good news (hopefully!); please read below:

 
NEW YORK (CNNMoney.com) -- One of the country's top banking regulators said Thursday that the government is working on a plan to do more to help troubled homeowners.
Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., told the Senate Banking Committee that her agency and the Treasury Department are working closely to find ways to prevent avoidable foreclosures. The plan would use the Treasury Secretary's new authority under the Emergency Economic Stabilization Act to provide guarantees to mortgage lenders.
Bair, who worked with Treasury Secretary Henry Paulson and Federal Reserve … (0 comments)

PLEASE PRAY FOR TAYLOR AND HER FAMILY: A FELLOW AGENT HAS LOST A LOVED ONE - 10/21/08 08:52 PM
Yesterday, Monday, I received a call from an agent I have known for years.  As soon as he said "Hi", I knew something was wrong.  He informed me the local teenager who had been missing since Friday night had now been found dead 100 yards from the last place she was seen.  She had left a party alone.
The teenager is the daughter of another agent, whom I have been friendly with, also, for years.  She was 17 years old.  Immediately we question "why" and what can we do to support the loved ones left behind?  Mere words can not provide … (4 comments)

DO YOU WANT A LEAD FROM ACTIVE RAIN? - 10/19/08 09:32 AM
An agent I do business with sent out a referral on Active Rain and received many emails requesting the lead, but the most interesting one received was from an agent on Active Rain with NO picture and NO points.
 
Now, would you ever give a lead to someone who doesn't take the time to properly become a part of Active Rain before asking for a lead?
 
So, if you really want a lead, why not put your best foot forward and complete the profile?
 
 
Ann Sabbagh
Vice-President
Seacoast Mortgage
508-243-1190 (cell)
www.annsabbagh.com
"When you choose me as … (16 comments)

UPSIDE DOWN ON A MORTGAGE: IS IT FHA? YOU CAN REFINANCE!!!!! - 10/18/08 03:09 PM
Did you know you can STREAMLINE an FHA loan?  
 
Streamlining is simply refinancing the existing mortgage REGARDLESS of the value of the home!  So, if you have an FHA loan and you are "upside down"; FHA DOES NOT CARE!  Simply contact an FHA lender (like me!) and streamline down to a lower rate.
 
AND! You can do this at NO cost!!!  If you pay closing costs, the rate would be lower.
 
This is the BIGGEST advantage of an FHA loan!  Take advantage: TODAY!
 
 
Ann Sabbagh
Vice-President
Seacoast Mortgage
508-243-1190 (cell)
www.annsabbagh.com
"When you choose me … (1 comments)

HOME INSPECTORS: NATIONAL OR LOCAL? - 10/18/08 02:59 PM
Home inspectors: 
Better to go with a national company OR a local inspector?
 
My experience has been a national company has bigger pockets in case the buyer has issues after they purchase.  I like the local providers, since they have the contacts for repairs.
 
What are your thoughts?
 
 
Ann Sabbagh
Vice-President
Seacoast Mortgage
508-243-1190 (cell)
www.annsabbagh.com
"When you choose me as your mortgage consultant, you also choose a financial planner who has YOUR financial strength as the PRIMARY concern"
… (6 comments)

IS THIS HAPPENING????: "Don't ask loan officers about rates anymore...ask IF THEY CAN GET FUNDED!" - 10/18/08 02:52 PM
 

I read a blog the other day that stated: 
"Don't ask loan officers about rates anymore...ask if they can get the loan funded!"
 
It went on to say how the buyer was at the table and the lender cancelled the program, thus would not fund the loan!  OUCH!  I remember those days when sub-prime existed, but this concerned a PRIME loan at 5% down.
Is this REALLY happening?  Well, it has NOT happened at my company, but reading this does concern me.  
Has anyone seen this happening on a PRIME loan??
 
 
Ann Sabbagh
Vice-President
Seacoast … (4 comments)

THIS INDUSTRY IS NOT TOUGH! NOT WHEN YOU SEE SITUATIONS LIKE THIS! - 10/17/08 08:52 PM

When I start to complain about this industry and how tough it is right now, I see pictures like this and I ask myself:
"How dare I complain!"
I thank GOD for my life, my family, my friends and my health.
 
 
Ann Sabbagh
Vice-President
Seacoast Mortgage
508-243-1190 (cell)
www.annsabbagh.com
"When you choose me as your mortgage consultant, you also choose a financial planner who has YOUR financial strength as the PRIMARY concern"
 
… (4 comments)

IS THIS WHAT HALLOWEEN WILL LOOK LIKE THIS YEAR? - 10/17/08 08:40 PM

 
We are being haunted in a bad way this year!  Let's pray Halloween 2009 will look different than this picture!  What an eye opener! 
 
Ann Sabbagh
Vice-President
Seacoast Mortgage
508-243-1190 (cell)
www.annsabbagh.com
"When you choose me as your mortgage consultant, you also choose a financial planner who has YOUR financial strength as the PRIMARY concern"
… (4 comments)

Obama VS McCain: WHO IS BETTER FOR THE HOUSING CRISIS? - 10/17/08 08:32 PM
 

Obama VS McCain.  Who is better for the housing crisis?  
McCain has a plan that will allow the homeowner to refinance based upon current values.  A sensible solution!
 
Obama is criticizing the McCain plan stating it will cost the taxpayers dollars.  Well, isn't the $700 Billion "BAIL OUT" plan costing all of us money?  And will it stabilize the housing market so we can get out of this mess?  NO!
 
Basic economics: Stabilize the marketplace, so prices will stabilize.  There is too much supply for the demand.
 
What do you think?
 
 
 
 
… (7 comments)

"CITY MOUSE" VS THE "COUNTRY MOUSE" - 10/17/08 08:23 PM
 
Rural housing programs at 100%!  NO Mortgage Insurance, too! So, I guess what one can interpret from this is the people who would buy in the rural sections of town are less likely to foreclose than those buying in the city.  "Country Mouse" VS "City Mouse" !
 
Yes, one can also assume the government wishes to make the rural living area a viable alternative.  But, why no mortgage insurance?  Is this going to hurt the lenders?
 
The "City Mouse" used to have the down payment assistance programs, but now they are GONE.  These programs allowed for 100% using … (0 comments)

A realtor's listing and his home! Is he guilty of "NON-DISCLOSURE"? - 10/15/08 07:57 PM
One of my first time homebuyers is two weeks away from buying a property and the following is discovered:
1) Rehab work missing all permits: electrical, plumbing, roof, etc...
2) The buyer's broker just sent me this note:
"Another problem has come up with this property.  The land was subdivided into 3 lots, which was never disclosed when we saw the property.  We found out about this after he had accepted our offer.  He only gave us the plot plan over the week-end.  I emailed it to the buyers this morning and they do not like the way it is subdivided.  … (4 comments)

WE NEED THIS SOLUTION ADDED TO THE "BAIL-OUT" PLAN!!!! PLEASE READ! - 10/01/08 09:55 PM
There should be five goals to target when arriving at a solution to the housing crisis:
•1)      Keep the homeowner in their home
•2)      Minimize the taxpayer's cost
•3)      Minimize the debt burden to the country
•4)      Minimize the losses incurred by the lenders
•5)      Stabilize the housing market!
 
Please read the following:
 
The government is bailing out AIG, Fannie Mae and Freddie Mac, lenders, the list grows.....  It is time the government bails out THE HOME OWNER AND MINIMIZES THE TAXPAYER'S LOSSES!!!!!
Funds need to be set aside (governed by FHA new guidelines) which will allow individuals who … (6 comments)

 
Ann Sabbagh, President, Sr. Loan Officer (Seacoast Mortgage Corporation, RI, MA & CT) Rainmaker_large

Ann Sabbagh, President, Sr. Loan Officer

Pawtucket, RI

More about me…

Seacoast Mortgage Corporation, RI, MA & CT

Address: 267 NEWPORT AVENUE, PAWTUCKET, RI, 02861

Office Phone: (401) 475-1600 x 306

Cell Phone: (508) 243-1190

Email Me

Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!


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