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YOU DON'T HAVE TO BE A "FIRST TIME HOMEBUYER" TO BE A FIRST TIME HOMEBUYER. WHAT??   That's right!  What is the definition of a first time homebuyer according to VHDA? Eligible borrowers can not have owned a home for the previous three years.       Same goes with receiving the $8,000 first time h...

Jeff has really broken it down and easy to understand.  What you really need to ask is how experienced the loan officer is and the service.  It's not all about rate/points.   And the borrower screamed out from on top of Mount Olympus, "I want the cheapest mortgage, with no points and no costs."  ...

Have you seen the Dateline Show To Catch A Predator with Chris Hansen? It is so scary to watch at all of these guys prey on young teens.  I am grateful for the show and how much they prevented what could have happened.  Being a mom to 2 young boys it is a scary world out there and luckily there ...

I am writing this particular blog because I think it needs to be addressed.  I have had 2 experiences this week that I hope isn't happening to everyone. Scenario 1 : Realtor has been showing homes for 2 weeks to a buyer who says that they have great credit and income.  They wrote an offer and now...

So how many of you like the new Microsoft Office? Raise your hand!  I am getting used to the new Microsoft Office 2007 however it takes time to find out where everything is.  I am not a fan of mailers but if you are going to do them I am all about convenience.  Now I know most of us have assistan...

Thanks to John Cannata I was asked to do my picture meme.      My age at next birthday ( which is April 3rd)           The place I want to visit is my birthplace Pusan, Korea                    Favorite food : of course chocolate ice cream                My favorite color : Purple              Ba...

  This is to let you know that according to Mortgagee Letter 2009-08   that effective April 1, 2009 you will be limited to a maximum of 85% cash out.  So if you are looking to get the 95% cash out limit you will need to get your FHA case # prior to April 1, 2009.  So you will only have a few days...

It kind of looks like Ethan is doing a knuckle push up.   Contact us at New American Mortgage for your FREE Mortgage Consultation.  We specialize in VHDA, VA , FHA, Conventional, Jumbo and First Time Homebuyers.    

I wanted to introduce a store in Virginia Beach that I had the pleasure of shopping at this past weekend.  It opened up in November and had no idea until a friend told me about it and wanted to share with everyone!   Apricot Lane is a cute little boutique with women's clothes, accessories, handba...