purchase money loans: What's the advantage of VA over FHA loans? - 08/04/08 03:28 PM
The VA Loan began in 1944 through the GI Bill of Rights. You must be an honerably discharged vetran or the spouse to qualify. FHA has no military service eligability requirement.
Gurantee vs. Insure Privately funded mortgage loans
VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum loan amount to the conforming loan limit of $417,000. Generally, the reasonable value of the property or the purchase price, whichever is less, plus the funding fee may be borrowed. FHA loans insure up to 20% of the home loan amount to lenders. … (6 comments)
|
purchase money loans: Great Expectations or Mortgage Pre-approval? - 06/21/08 07:40 PM
Great Expectations or Mortgage Pre-approval?
Could the dynamics between real estate agents & mortgage lenders change to match conditions in the current mortgage lending market?
Real estate agents are generally not paid till a purchase transaction closes. With gas prices now exceeding $4.00 per gallon, buyer's agents have even stronger motivation to ensure their prospects can qualify for the properties they show on their dime & time.
With days on market high in almost every price category the question I wonder is whether the traditional business model favoring listing agents now favors buyer's agents that have sources of qualified buyers.
Perhaps … (2 comments)
|
|
|
|
;)
;)
