| |
100: Down Payment Assistance Programs: Suspended, for now - 09/15/08 09:59 AM
Well, it's official. I got an email this morning from our last wholesaler that was offering to fund loans using seller-funded down payment assistance programs like Nehemiah or Ameridream, stating that they were going to stop accepting new registrations for loans using these programs.
So, this means no more 100% financing, right?
Well, not exactly.
According to the Wall Street Journal on Wednesday, several members of Congress, including Financial Services Committee Chair Barney Frank, are pushing legislation that would restore the status of seller-funded down payment assistance programs such as Nehemiah and Ameridream. The legislation would, however, place significant restrictions on … (3 comments)
|
100: 2 Ways to Obtain 100% Financing, Even Today - 06/02/08 01:09 PM
A substantial proportion of my business over the past two years has been to clients who have tried and tried, but who have never quite been able to save money. I'm sure you've met them. Whether it's been a question of supporting relatives, financial hardship, or just simple overspending, there are a number of people who are never going to accumulate the 3%, 5%, or 20% down payment that many loan programs now require.
But, when Bank of America stopped offering loans through my company (and all other brokers) in December, and when declining markets policies made the popular My Community … (10 comments)
|
100: Hear me on the radio tomorrow! - 05/30/08 04:40 PM
I'm so excited! I've been asked to be a guest of the Rhode Island Real Estate Insiders tomorrow morning. This weekly live radio program, which airs on AM 790 in Rhode Island and the surrounding area, and webcasts for everyone else, provides insightful information to home buyers, and property investors, and airs weekly from 9:00 AM to 10:00 AM Eastern Time Saturday mornings.
We'll be covering several important topics tomorrow, including:
How to list your home as "Free Gift Money available to purchase this home with no money down" 100% financing programs still available for qualified buyers Reverse Mortgages The Foreclosure Problem … (3 comments)
|
100: Buyers' Bonus Mortgage Program - No Principal or Interest for 6 months! - 02/04/08 11:05 AM
I wanted to share something with you today. It's a program that you might have heard of before. I hadn't made it a priority recently, as many of the lenders I recall offering it had suspended it, but one of our biggest lenders has recently reinitiated the Buyers' Bonus mortgage program.
This program allows builders of new homes to make principal and interest payments for buyers for up to 6 months after the initial purchase. Buyers will still be responsible for payments of taxes and insurance escrows, but this program could easily reduce their initial monthly payments by as much as … (7 comments)
|
|
|
|
|
|
Dan Hartman
Providence,
RI
More about me…
Province Mortgage Associates - (401) 263-8655
Address: 10 Davol Sq, Providence, RI, 02903
Office Phone: (401) 490-4400 x 114
Cell Phone: (401) 263-8655
Email Me
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!
 Links
Archives
|
;)
;)
