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Misconceptions = Missed Opportunities - 08/22/08 03:51 PM
Maybe you have heard the news, maybe you have not...Seller funded Down Payment Assistance is scheduled to "exit stage left"on October 1st of this year. Depending on your market, you may think this may not affect you. Guess again. This travesty will continue to effect the downward spiral in the housing market for several reasons, including reducing FHA loans by nearly 40% (approximately that many loans or 50,000 families per month), locking out families from homeownership & keeping them in the renting cycle.
As many real estate professionals will tell you, homeownership promotes social stability, financial independence, less crime, a sense of community … (0 comments)

Stated Income - Any Action??? - 08/13/08 04:06 PM
Calling all loan officers!!!
Are there any stated income loans you have done  past 6 weeks?  6 months??  Is stated income dead as we know it?
I am in an interesting area where the spectrum of people range from upper middle-class to immigrants searching for homes.  Many brokers are having a difficult time placing no doc, no ratio stated income loans due to newer restrictions.
We've been able to help & have also assisted brokers who have been having these problems by guiding some of these clients toward FHA loans, among others.  I have found many brokers either are not licensed … (0 comments)

 

David Ellis

Ardmore, PA

More about me…

Infinity Home Mortgage Company, Inc.

Address: 660 N. Kings Hwy, Cherry Hill, NJ, 08034

Office Phone: (800) 587-2762 x 437

Cell Phone: (610) 803-3880

Email Me

Where I share my humble beginnings as a Loan Officer


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