Fannie Mae Selling Guide Announcement Selling Guide Announcement SEL-2017-01 Selling Guide Updates The Selling Guide has been updated to include changes to the following: Confidentiality of Information and Data Breach Seller/Servicer Financial Eligibility Requirements Comparables in New Projects or Subdivisions Property Inspection by Appraiser Trainee Adjustments to an Appraisal for Sales Concessions Alignment with the Servicing Guide – Various Part A Topics Miscellaneous Selling Guide Updates January 31, 2017 Each of the updates is described below. The affected topics for each policy change are listed on the Attachment. Lenders should review each topic to gain a full understanding of the policy (0 comments)
Why Pre-Approval Should Be Your First StepIn many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. Freddie Mac lays out the advantages (0 comments)
Tax Breaks for Some South Palm Beach Homeowners Set to ExpireIf you are like most South Palm Beach homeowners, this is not the time of year you relish thinking about next year’s April 15 tap on the shoulder from Uncle Sam. Nonetheless, the calendar doesn’t lie. In a matter of days, New Year’s Eve will be here—and once the champagne corks have popped, it’s entirely possible if some t’s weren’t crossed and i’s dotted, South Palm Beach homeowners might accidentally miss a year-end tax break deadline. Tax advice is best left to your own South Palm Beach financial advisor, which is why (0 comments)
Palm Beach Gardens Rent-to-Own Solutions Can Make Possible the ImpossibleThe term “rent-to-own” sounds like a contradiction for good reason. It’s often called upon to reconcile a buyer-seller situation that does not fit a standard mold. A Palm Beach Gardens rent-to-own agreement can allow potential buyers to move into an Palm Beach County house before their finances are up to snuff (or at least that’s the call most lenders would make). It’s can be a useful contradiction for both parties, because the would-be buyer can get the immediate benefit of living in their choice of home knowing that some portion of the (0 comments)
Wellington Comparables : Close to a Science Fiction Adventure! Establishing the asking price for a Wellington home may not quite qualify as science fiction, but it can be a bit of an adventure in time and space—at least when it comes to establishing the Wellington comparables. The logic behind valuing a property by looking at recent Wellington comparable sales—the Wellington “comps”—is immediately clear. You don’t have to study economics to realize that the value of something (including a Wellington house or condo) will ultimately be the amount that someone is actually willing to shell out for it. So recent sales (0 comments)
Homer Simpson smacks himself in the forehead every time he says it: D’Oh!!! When it comes to knowing how mortgage basics have shifted in today’s changing banking environment, few of Palm Beach County’s homebuyers have kept current enough to avoid meriting that kind of forehead slap. It’s no wonder. The average family delves into the real estate market no more than once every five to seven years, so they don’t worry about getting a mortgage day in and day out. It’s my job as agent to bring clients up to speed throughout the buying process, which often begins and ends (1 comments)
If you find this helpful please let us know, just leave us a comment review. Just click Give A Review. A simple Thank You message means a lot to us.
Don’t have a Google account? How about one of these options? Submit Video Reviews For Us! Click here! Or You can call Christian Penner directly to
#Christian Penner, #Mortgage Broker West Palm Beach talks about #Real Estate West Palm Beach. He also serves other Local Areas and provides home #Mortgage Solutions for Palm Beach Gardens, #Jupiter, #Boca Raton, #Wellington and (0 comments)
lenders: American Veterans Availing VA Home Loans
- 06/06/13 08:14 AM
American Veterans Getting VA Home Loans In the year 1944, The United States government created a VA Home Loan Program also known as Veterans Affair Loan Guaranty Program. This is a mortgage loan program that aids long term financing assistance to any eligible veterans within US territories. This loan program was created due to the lack of accessibility to private financing for veterans. A good percentage of these loans are in rural small cities and towns that are not near a metropolitan area. This loan guaranty program is designed to help veterans to be able to purchase properties without any (0 comments)
Good Faith Estimates — anyone actively comparing mortgage rates in West Palm Beach receives them. Yet GFEs seem full of the kind of fine print that we don’t necessarily spend time worrying over: a glance at the bottom line would seem to suffice. Sort of like the kind of golf rule (26-1) that just cost Tiger Woods his shot at a 5th green coat. Like Mr. Woods, even if we do everything else right, not paying close attention to the fine details can cost us. But quite unlike Rule 26-1, the details in GFEs aren’t there to limit our (0 comments)
A West Palm Beach short sale represents real value for the homebuyer, of course. But to some extent, it is also a boon to the seller. Being able to unload a property that’s underwater helps avoid the most dire credit consequences of a West Palm Beach foreclosure. But lingering credit damage can still result from any short sale -- if the short seller allows it to happen. Should you find yourself in the short sale situation, be proactive in protecting your credit score. You will put yourself in a position to re-enter the market sooner than you think if (0 comments)