loans: Preapproval - It's Always Best To Start At The Beginning... - 11/21/08 08:54 AM
Those of us in our industry have all heard it before, and some members of the public have, but not all. So I'll start "at the beginning".
When you go to buy a car, don't you first decide what you can afford to pay per month, or if you're not financing … (0 comments)
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loans: Jumbo Residential Rehab and Commercial Loans - 11/21/08 08:34 AM
Jumbo Residential Rehab and Commercial Loans
TVM FUNDING JUMBO RESIDENTIAL INVESTOR LOANS
Loan amounts from $300,000 to $4,000,000 Rates from 14% Loan Terms from 6 to 24 months Use for Acquisition and Rehab / Repositioning and/or Cash Out Refinance90-100% Financing available up to 65% of the after repair value (ARV) … (0 comments)
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loans: Cotati Directory - Loans - 11/21/08 07:43 AM
Cotati Directory Loans
Residential and Commercial Loans. Check your FICO in minutes and see your qualifications for refinance or purchase loan. Get free information on credit repair, loan modifications, business line of credit, debt settlement, principal reduction, etc. We speak Spanish.
Tel 707-332-5622 800-314-9814
Assurity Financial Services, LLC.
999 … (0 comments)
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loans: Cotati Directory - 11/21/08 07:40 AM
Cotati Directory
Cotati Directory is a miniature yellow pages. Started locally for merchants, business, professionals, individuals is growing with a few links with a worldwide impact. Exchange your link with Cotati Directory
… (0 comments)
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loans: Mortgage Rates News This Week - 11/21/08 01:26 AM
The financial markets hit some choppy waters this week. With successive drops of 427 and 445 points the Dow ended down substantially for the week.
For some positive news this marks the third week in a row where mortgage rates went down. The wild swings we saw earlier in mortgage … (2 comments)
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loans: As LIBOR Falls, Homeowners With Adjusting ARMs Get Lower Rates - 11/20/08 04:09 PM
The interest rate against which adjustable-rate mortgages change is falling -- evidence that the global banking system is starting to stabilize.
This is good news for U.S. housing markets.
On any adjustable-rate mortgage, the initial "starter rate" remains fixed for some period of time, and then adjusts according to some pre-determined … (0 comments)
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loans: 2009 FHA Loan Limits For Every U.S. County - 11/20/08 03:43 PM
In March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert.
FHA home loans are mortgages made by private lenders and insured by the federal government.
Historically, FHA home loans have been "easier" for which to qualify than their conforming mortgage … (0 comments)
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loans: Buy and hold Loans - 11/20/08 03:05 PM
Loan Considerations for Buy and Hold Investors
As far as investment loans, little or no money down loans are impossible. However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment. Or, … (0 comments)
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loans: Jumbo Loan Mortgages - 11/20/08 03:02 PM
Loan Considerations for Jumbo Mortgages
For the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan. Fannie Mae and Freddie Mac assign different thresholds for various regions across the country. For instance, $417,000 is not considered a jumbo loan in a high cost city … (0 comments)
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loans: Loan Considerations - 11/20/08 03:00 PM
Loan Considerations for Loan Amounts Between $200K - $417K
With all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up. While underwriters and investors are scrutinizing files more closely, attractive rates and terms still exist for owner occupied … (0 comments)
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loans: FHA Loan Credit - 11/20/08 02:59 PM
FHA First-Time Buyer Tax Credit
In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence.
The highlights of the tax credit are:
•· The tax credit is available for first-time home … (1 comments)
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loans: first time buyer loan considerations - 11/20/08 02:58 PM
Loan considerations for a first time buyer
Lending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial. Nevertheless, there are still very attractive first-time home buyer options available. If you are or will be a first-time buyer, it is critical to speak … (0 comments)
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loans: Community Banks Will Play Crucial Role in Economic Recovery, Restoring Trust and Capital Flow, Says Longtime Area Banker - 11/20/08 12:09 PM
ALTAMONTE SPRINGS, Fla. --- Community banks will play the most important role in America's economic recovery over the next five years, helping to restore public trust in American financial institutions and the flow of capital in public commerce. That's the opinion of longtime Central Florida banker and business leader Geof Longstaff, … (0 comments)
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loans: Bottom of the Market ? - 11/20/08 10:52 AM
What will the fabled "bottom of the market" look like? Here are several indicators likely to precede an increase in housing prices and activity.
New home sales rise
New homes began experiencing a price correction several months before existing homes. Logically, onewould also expect new home sales to start rebounding … (4 comments)
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loans: LOWER INTEREST RATES? - 11/20/08 10:14 AM
The 10 Year note is down to 3.13 as I write this. This is it's lowest level ever. Does this mean we are going to return to 30 year mortgage rates in the high 4's to low 5% range? Maybe, maybe not.
We are watching history unfold right before our eyes. … (1 comments)
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loans: Helen Ga Real Estate Lady "Rural Living, Rural Loans" - 11/20/08 08:28 AM
Want to move? Retirement right around the corner? Still looking for the right place to live? Thinking Rural? You want to consider our Habersham, White and Stephens Counties. You should find the lifestyle you really want in one of these 3 counties. We have everything from farm houses, new construction, lake … (0 comments)
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loans: Lender vs. Mortgage Broker - the DIFFERENCE - 11/19/08 09:01 PM
Attention: Buyers and Borrowers There IS A DIFFERENCE!A lender is a specific lending institution, often times a bank, that lends their OWN money. When they pre-qualify you they are using the actual, real time standards that institution has in place. A pre-qualification means something. An approval means something. It means the … (0 comments)
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loans: Bank of Canada Hints of Possible Interest Rate Cut - 11/19/08 08:54 PM
Bank of Canada governor Mark Carney said in a speech recently that the Canadian economy has deteriorated more quickly than he had anticipated, hinting strongly he will cut interest rates at the next meeting on December 9.
This is also the first time that the Bank of Canada has conceded that … (1 comments)
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loans: This is just too funny. Pass it along. The Housing bubble hits everyone - 11/19/08 04:35 PM
http://www.youtube.com/watch?v=bNmcf4Y3lGM
… (0 comments)
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loans: Mortgage & Real Estate Coping Strategies - 11/19/08 03:41 PM
Mortgage & Real Estate Coping Strategies for all:Stress management in tough times!Yes Real Estate and Mortgages are tough right now BUT here is some advice for those in the business trying to stick it out!I have a team of Mortgage Brokers that are finding it difficult to cope with … (0 comments)
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loans: Loss Mitigation - 11/19/08 03:37 PM
Loss MitigationMany Homeowners are in an unfortunate situation were they are falling behind on their mortgage, facing foreclosure, or have no value in their home. Your situation might be unfortunate but there is help for your situation which is Loss Mitigation. This is were a Certified Loss Mitigation Consultant negotiates … (0 comments)
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loans: Still get Approved for a FHA Loan with low credit scores - 11/19/08 03:29 PM
Still get Approved for a FHA Loan with low credit scores
In today's market it is getting harder and harder to get approved for an FHA Government Back Loan with all the new guidelines in place. You can still get an approval with low credit scores with compensating factors. … (0 comments)
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loans: Loan Modification. We can Help save your home from foreclosure. - 11/19/08 03:25 PM
Loan Modification. We can Help save your home from foreclosure.Many of you are scratching your head and wondering who to turn to in time of need. Facing foreclosure was the last thing on your mind a few years ago when your rate was low and your loan was still … (1 comments)
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loans: 1/1/09 Twin Cities FHA loan Limit decrease ...... - 11/19/08 02:55 PM
Twin Cities Area!
Our FHA loan limits for a 1 unit home is currently $365,000 but effective 1/1/09, they will be dropping down to $318,550.
FHA is still a great program which is insuring most of the riskier, over 80% mortgage paper currently.
If you have a buyer looking in/around the $400k range, … (0 comments)
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loans: LOAN MODS - Good or Bad? - 11/19/08 10:02 AM
THE GOOD - I was referred a client who had been "helped" by a co-worker in refinancing his home. Unfortunately the co-worker only helped himself and put his friend into a Ned-Am loan that was destined for disaster. Falling value, deferred interest and a desire to stay in the home.
After … (4 comments)
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loans: Benefit of Used Vehicle Loan | Online Auto Loan - 11/18/08 10:25 PM
New or Used Vehicle Finance
Thinking to get a car of your choice? It is quite familiar that your budget may exceed but now for your dream car you do not have to look here and there for money as vehicle loans are there to finance your vehicle when cash is … (0 comments)
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loans: The "New" Mortgage Industry - 11/18/08 06:55 PM
As you all know and have experienced, the mortgage industry is no longer as we all knew it. It has significantly changed over the last year or so. Long gone are the days of the: No Doc, No Ratio, SISA, and SIVA loans.Lenders, Fannie Mae, Freddie Mac, VA and FHA guidelines have all … (4 comments)
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loans: Cotati Directory - 11/18/08 04:50 PM
Cotati Directory
Your free Real Estate listing in the Cotati Directory:
Ranking high in Google, although like a miniture yellow pages the directory is growing daily and a good way to increase popularity of your website.
Exchange links with the Cotati Directory: (800)314-9814
__________________________________________________________
Networking for Business … (0 comments)
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loans: Delinquent Again? Modified Borrowers in Touble? How Odd! - 11/18/08 02:39 PM
I just read a breaking story on Google Business news regarding modified mortgages. It seems that over half the mortgage loans that were modified are already delinquent again. No duh! I still cannot believe that this is a surprise to many. When prices of entire neighborhoods and states were pumped up … (23 comments)
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loans: The 2009 FHA Loan Limits For Every U.S. County - 11/18/08 01:57 PM
The 2009 FHA Loan Limits For Every U.S. County
In March 2008, HUD temporarily raised FHA loan limits around the country. Effective January 1, 2009, FHA loan limits revert.
FHA home loans are mortgages made by private lenders and insured by the federal government.
Historically, FHA home loans have been … (0 comments)
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loans: Home Equity Loans - They Are Back! - 11/18/08 09:20 AM
One of the biggest casualties of the Mortgage Crisis has been the virtual demise of the Home Equity Line of Credit which had been so popular over the last 5 years. Some of the biggest losses suffered by lenders have come from this product. Most institutions have limited the CLTV, combined … (2 comments)
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loans: USDA Rural Housing Program - 11/17/08 05:42 PM
This email is in regards to the USDA Rural Housing Program. Here are some of the highlights of this useful mortgage.
Property must be located in a RD eligible area http://eligibility.sc.egov.usda.gov
100% gifting acceptable from disinterested third party
102% financing based on appraised value.
No monthly mortgage insurance. One-time … (0 comments)
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loans: ANOTHER DIFFICULT WEEK FOR THE ECONOMY - 11/17/08 04:49 PM
It was another difficult week for the economy and the financial markets. Amid dramatic intra-day fluctuations (which have now become the norm), stock prices fell back to their late October lows, recovered partially, but ended the week lower by 6.2 percent overall on the S&P 500. Non-US stocks fell by a … (1 comments)
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loans: Properties of Phillip Stone of A New Dawn Realty in Stokesdale NC - 11/17/08 04:40 PM
We still have plenty of money to lend at VanDyk Mortgage!!
… (0 comments)
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loans: Some Homebuying Tips in Today's Market - 11/17/08 03:11 PM
Regardless of what you might have heard about the home buying market, the statistics in Southern California show that this is a great time to buy. First time buyers, investors, and even all cash buyers have found the current market conditions to make owning a home more affordable and easier than … (0 comments)
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loans: Reverse Mortgage Information.... - 11/17/08 12:57 PM
ENVOY MORTGAGE
REVERSE MORTGAGE FACT SHEET
Envoy Mortgage has the distinction of being the nation's First Mortgage Partnership provider of the reverse mortgage and offers the program through 30 regional offices in 50 states across the nation. In addition to offering the Fannie Mae Home Keeper and FHA Home … (0 comments)
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loans: Alert - Fannie Mae Changed its Guidelines: Sept. 5, 2008 - 11/17/08 06:50 AM
Alert - Fannie Mae Changed its Guidelines: Sept. 5, 2008
On Friday, September 5th 2008, Fannie Mae issued an announcement pertaining to what most of us expected was coming. This has been a topic misunderstood by many investors and even mortgage brokers. Over the last several months many posters have incorrectly stated … (0 comments)
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loans: Safeguards against Contractors Taking Advantage of You and Your Project Profit - 11/17/08 06:34 AM
Safeguards against Contractors Taking Advantage of You and Your Project Profit
There are many reasons most investors will not invest in properties that need repair. They can't find one on the MLS where the numbers work, they have little or no construction experience themselves, and the main reason is probably the … (0 comments)
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loans: What To Do To Make Your Property Ready for Refinance Appraisal - 11/17/08 06:22 AM
What To Do To Make Your Property Ready for Refinance Appraisal
In today’s tight real estate market investors need every advantage they can get to get top value for their property. One of the easiest ways to do this is to increase the "curb appeal" of your home. Curb appeal is … (0 comments)
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loans: Time to Refinance Your Private Hard Money EDC Loan: The Process Explained - 11/17/08 06:16 AM
Time to Refinance Your Private Hard Money EDC Loan: The Process Explained
The refinance process begins with an initial consultation between the borrower and the loan officer. During the first conversation, it is extremely important for the borrower to discuss what they hope to accomplish with their new investment in real … (0 comments)
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loans: Private Hard Money: The 5 Basic Rules - 11/17/08 06:06 AM
Private Hard Money: The 5 Basic Rules
In my experience as a full-time investor, I have had plenty of dealings with hard money lenders and there are a few important questions to ask when trying to decide whether a particular hard money lender is right for you. I call these questions: … (0 comments)
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loans: Private and Hard Rehab Money 101: What You Must Know About Rehab Financing for Investors - 11/17/08 05:58 AM
Private and Hard Rehab Money 101: What You Must Know About Rehab Financing for Investors
First, we need to clarify what investor rehabilitation really is. What we are talking about is financing for an investment property that needs rehabilitation (a rehab, a foreclosure, a handyman special, a renovation project, a fixer-upper, … (0 comments)
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loans: What Set Apart EDC From Other Private Hard Money Lenders? - 11/17/08 05:20 AM
What Set Apart EDC From Other Private Hard Money Lenders?
There are quite a few reasons EDC is different from other private hard money lenders. Let's discuss some of the differences and the benefits they offer to you, the real estate investor and rehabber.
Availability of Funding & Quick Closings
A huge … (0 comments)
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loans: Mortgage Rates Drop For Second Week - 11/16/08 10:12 PM
Mortgage rates for most of the major mortgage products fell again this week. Although the drop was not as substantial as last week it is still nice to see rates come down this week. The 30 year mortgage rate fell from 6.20 to 6.14. The small movement this week marked a … (4 comments)
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loans: Palm Beach Gardens Mortgage Availability- - 11/16/08 11:19 AM
If you are looking for a loan to purchase - or refinance - real estate in Palm Beach Gardens, the good news is that money
IS
available.
Potential Clients that have good credit, income and adequate assets should not be worried that they can't get a mortgage - although that is what the media … (2 comments)
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loans: Wildfires, Earthquakes and The Housing Debacle. - 11/16/08 10:02 AM
I am often asked why I choose to live in Southern California when all you hear about in the media is our wildfires, earthquakes and the housing debacle.
I can sum it very simply. It is still one of the greatest places in the world to live. You can be at the … (0 comments)
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loans: Refinancing your home in Today's Market Place. - 11/15/08 11:04 PM
Homeowners Can Refinance their Mortgage for several reasons:To take advantage of lower interest rates and lower your monthly payment.If interest rates have gone down since you got your original mortgage, you could save money over the life of your loan, while reducing your monthly mortgage payment.To switch mortgage types.You may want to … (2 comments)
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loans: Three Rules for Choosing the Right Investment Property - 11/15/08 10:24 PM
Why Investors Club rejects almost 90% of the properties research. Main things we look for in a property.LocationThe main factor to consider when selecting a property is which location will have the greatest potential for capital growth? We look for locations where there is an increasing population and the locations will remain popular in the … (0 comments)
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loans: Cash Can Be Available Through Refinance Loan - 11/15/08 10:07 PM
For homeowners who have been in their homes for a while, one of the easiest and possibly cheapest ways of getting money out of their house is to refinance their home loan. Depending on the interest rate being offered on home loans, they may also be able to save money … (0 comments)
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loans: Speaking of Good Faith . . . - 11/15/08 04:21 PM
To help clearly disclose the mortgage process, the federal government is giving their Good Faith Estimate document a makeover. Effective January 1, 2010, the current 2-page form will be replaced by a newly revised standard 3-page version that will include an instructional page.
The biggest plus of this new Good Faith Estimate … (0 comments)
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loans: Greenville, NC - What's the Best Loan for Me? - 11/15/08 02:35 PM
Greenville, NC - Over the past couple of weeks I keep getting the same two questions 1)Whats the best loan for me? 2) Has the rate's reached bottom yet! These are two great questions but very hard to answer! Best loan - USDA 100% financing no PMI is Great for first … (1 comments)
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loans: TVM Funding Group LLC - Niche Private or Hard Money Commercial and Residential Lender - 11/15/08 09:55 AM
TVM Funding Group represents many private equity firms, lenders, and investors nationwide.
We welcome any commercial or residential loan scenario nationwide.
www.TVMFunding.comNiche Private Money Commercial and Residential Lending& Hard Money and Rehab Loans for Real Estate Investors
… (0 comments)
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loans: THE END OF JUMBO CONFORMING LOANS - Be Careful! - 11/15/08 09:27 AM
The temporary loan limits associated with the 2008 Stimulus Package come to an end on December 31st. The problem is even though they expire at the end of the year most lenders are forcing buyers to fund these loans by December 10th. The reason being is that these loans need to … (3 comments)
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loans: How Bad Will The Current Crisis Get? - 11/14/08 09:36 PM
Our cEconomy Crisis How Bad will it Get
Via Danny Thornton:
It seems that every where that I turn people are asking the same question. "How bad will the current crisis get?" Well, I thought that everyone would like to hear the answer to that very important question. The answer … (0 comments)
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loans: Improve Your Credit with Credit Assure - 11/14/08 06:05 PM
Weichert Financial Services Offers Credit AssureTM to Help Homebuyers Improve Their Credit
MORRIS PLAINS, N.J.
Prospective homebuyers looking to improve their credit score can now turn to Weichert Financial Services for help. An affiliate of Weichert, Realtors®, Weichert Financial Services provides a specific course of action for borrowers looking to qualify … (0 comments)
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loans: New Mortgage Rules - HUD News Alert - 11/14/08 12:20 PM
The U.S. Department of Housing and Urban Development has issued long-anticipated mortgage reforms that will help consumers shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require that lenders and mortgage brokers provide consumers with a standard Good Faith Estimate (GFE) that clearly discloses … (2 comments)
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loans: Mason County Buyers are coming from... - 11/14/08 10:57 AM
To date Mason County has had 1,222 total real estate sales. There were 1,152 sales to Washington State Buyers. Locals made up the largest percentage of buyers numbering 747 all from zip code 985xx (Mason County). Followed by 162 buyers from zip code 983xx (Jefferson County). The third largest percentage … (1 comments)
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loans: Ouch! I Got Rate Shopped!... Another Case of the Customer Who Wouldn't Commit... - 11/14/08 10:40 AM
Mortgage Brokers and Loan Officers of the world - how do you react when you get rate shopped? You see it coming, heck - some of you seem to have the ability to detect a rate shopper a mile away! Do you deal with them? Perhaps you employ a tried and … (1 comments)
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loans: FIRST TIME BUYERS ARE COMING BACK TO THE MARKET!! - 11/14/08 09:21 AM
In the midst of all the turmoil the markets are experiencing, the one bright spot is the return of the first time buyer. The drop in home prices coupled with historically low interest rates is helping thousands of people realize the dream of home ownership.
All you hear is the negative … (3 comments)
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loans: The Problem with the US Economy - 11/14/08 08:58 AM
In my opinion, the root of the problem with the US economy is the extreme number of jobs being shipped out of the country. If you look at how many jobs have gone to Mexico and overseas in the last few years, you begin to wounder how people without jobs, or … (4 comments)
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loans: Florida Vacant Land Sales - 11/13/08 11:06 PM
… (3 comments)
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loans: What a Crazy Market! - 11/13/08 10:52 PM
Wow! My market is very different depending on the location of properties. Just within the last month, I had one listing tht didn't appraise. At First! Then the buyer's agent worked very hard to get the appraiser to raise the appraisal to purchase price. The selling agent worked on this to be fair … (0 comments)
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loans: Fort Worth to offer $20,000 loans for people buying Foreclosed Houses. - 11/13/08 03:49 PM
FORT WORTH Foreclosures - City officials are addressing the housing meltdown, with a plan to use $6.2 million in federal funds to help people buy foreclosed homes in areas that have been hit the hardest.
Targeted areas are mainly outside Loop 820, which saw a lot of development in recent years.
… (0 comments)
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loans: Buyers In Rural Area's May Qualify for FHA Loans - 11/13/08 10:34 AM
I attended a seminar at a local bank yesterday and got some clarification on a loan program that may be a big help to some buyers. The FHA has a Rural Areas loan program (Jackson Hole qualifies for this) that allows buyers, who are owner occupants, to borrow money at reasonable … (1 comments)
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loans: Canadian Gov't may increase Bank Mortgage Purchases to $75 Billion - 11/13/08 01:46 AM
Via Gina Burgio:
Finance Minister Jim Flaherty pledged today to triple the amount of mortgages the government can buy from banks to as much as C$75 billion.
The Canadian Gov't, using its crown corporation, the Canadian Mortgage and Housing Corp. (CMHC), purchased $25 billion in mortgages last month.
Allow me to … (0 comments)
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loans: Bank of Canada expected to Lower Interest Rates - 11/13/08 01:43 AM
Via Gina Burgio:
Bank of Canada has hinted that they may cut interest rates again.
Early today in Toronto, Bank of Canada Senior Deputy Governor Paul Jenkins stated, "Some further monetary stimulus will likely be required to achieve our 2 percent inflation target over the medium term."
The Cdn Central … (0 comments)
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loans: Grand Opening Announcement - Ancaster, Ontario - 11/13/08 01:41 AM
I am pleased to announce that the grand opening of our Ancaster office is scheduled for December 1, 2008.
The new office will be located at 911 Golf Links Road in the Meadowlands area of Ancaster, Ontario.
We are excited about the opening of this new location and are looking forward … (1 comments)
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loans: SUPER JUMBO LOANS TO $3 MILLION! - 11/12/08 02:42 PM
Just when you thought there was no Jumbo Money, it's back! I have a special commitment for Jumbo Loans to 75% LTV & 90% CLTV to $3 million. This commitment is only valid for California.
Feel free to call with any questions. I also have stated income loans available. This is … (0 comments)
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loans: Please welcome one of my prefered lenders to Active Rain! - 11/12/08 01:13 PM
Please help me welcome a new member to Active Rain.
I invited Michael Yagi yesterday to Active Rain and he can help anyone get financed to purchase properties in the Entertainment Capital of the World - Las Vegas - Nevada
Whether your interested in Conventional, FHA, Non Conforming, Construction … (3 comments)
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loans: Who needs (Financing) to purchase in the Entertainment Capital of the World? Please welcome my friend to Active Rain! - 11/12/08 01:07 PM
What would you like to purchase in the Entertainment Capital of the World?
I just invited Michael Yagi one of my preferred lenders to Active Rain yesterday and he can set you up with any type of loan your interested in.
Convertional, FHA, Non Convetional, Construction and Commercial.
Here is … (1 comments)
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loans: How Big Can A Mortgage Be And Not Be Considered "Jumbo"? - 11/12/08 11:34 AM
How Big Can A Mortgage Be And Not Be Considered "Jumbo"?
For the 4th consecutive year, the government has set the conforming mortgage loan size limit at $417,000.
A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac.
… (1 comments)
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loans: Change in Business Plans - Take out Fear of Financing (ASAP!) - 11/12/08 09:11 AM
This is one of those NO BRAINER wake up calls we all need. I just finished Accountability Coaching - and they reminded me that I need 12 to 20 Exposures every day... not to my real estate partners, but to the PUBLIC. Writing notes, sending personal emails - reminding folks … (10 comments)
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loans: Fort Worth to offer $20,000 loans for people buying foreclosed houses - 11/11/08 07:04 PM
City of Fort Worth officials and the U.S. Department of Housing and Urban Development's Neighborhood Stabilization Program are working together and have implemented a forgivable grant program targeted at foreclosures of new development outside of the Loop 820 area. They will be offering 280 loans at $20,000 a piece for families making up … (0 comments)
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loans: USDA Home Loans in Holly Springs, NC - 11/11/08 04:29 PM
Here's a map from USDA showing where you can have a 100% loan, and where you can't use USDA financing. The shaded area in the top right portion of the map does NOT qualify... the rest of it definately does!
This is great news for folks who are looking for homes … (2 comments)
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loans: Beautiful Home in Holly Springs! 100% Financing Available! - 11/11/08 03:52 PM
… (0 comments)
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loans: Beautiful Clayton Home on Trailing Oak! - 11/11/08 03:40 PM
… (0 comments)
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loans: Broadmoor West in Clayton! - 11/11/08 03:35 PM
… (1 comments)
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loans: Patriots Point Affordable Homes! - 11/11/08 03:31 PM
… (1 comments)
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loans: Home for Sale in Clayton - 101 Claire Drive - 11/11/08 03:26 PM
… (0 comments)
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loans: Use Your VA Benefits to Purchase Foreclosure Property! - 11/11/08 03:09 PM
If you need some more information about VA benefits, click here! We thought this was great - especially on Veteran's DAY! We can use VA loans to purchase manufactured housing, if the property is on a permanent foundation, and is a double wide. We can not extend additional money for … (0 comments)
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loans: Conforming Loan Limits Change Soon! - 11/11/08 02:54 PM
Did you read the Mercury News yesterday? Well, that says it all. The conforming loan amount was temporarily increased to $729,750 in our area to encourage people to buy homes. Basically, there is a government backed conforming loan amount and anything over that amount is considered a "jumbo" loan. If the loan … (0 comments)
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loans: Confirmation of Conventional Loan Limits for 2009 - 11/11/08 09:28 AM
CONFORMING LOAN LIMIT FOR U.S.
TO REMAIN $417,000 IN 2009;
DIFFERENT LIMITS IN SOME AREAS
- The Federal Housing Finance Agency (FHFA) announced
the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but
specified higher limits in certain cities and counties. The … (0 comments)
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loans: Go NAR!!!! - 11/10/08 04:53 PM
Its nice to see some activity happening from the National Association of Realtors, not only have they asked for a reassessment of the current new construction ratios, as commented on in my previous post, they have passed a 4 point stimulus package. The basics of the package include:
Eliminating the repayment … (4 comments)
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loans: Looking Back And Looking Ahead : November 10, 2008 - 11/10/08 02:25 PM
Looking Back And Looking Ahead : November 10, 2008
Mortgage rates fell last week, marking just the second time since September that rates improved on a weekly basis.
The biggest news of the week was the U.S. Presidential Election. Markets appeared to cheer the Republican-to-Democrat transfer of power, posting large gains … (0 comments)
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loans: New FHA Loan Limits in Johnston County - 11/10/08 12:08 PM
Well - if you were getting use to the $295,000 loan limits for FHA in Johnston County, you can kiss them GOODBYE!
According to the latest HUD Mortgagee Letters, FHA limits in Johnston County will go to $271,050. This change is based on the average sales price, which has gone down slightly.
… (0 comments)
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loans: Simple Ways to Improve Credit Scores - Part 1 - 11/10/08 10:58 AM
If you have a pulse, you have probably heard of something called the "credit crunch". While most recently this has mainly pertained to banks and financial institutions not lending to each other, residential mortgage lenders have also tightened their credit criteria for lending to consumers. It used to be that if … (0 comments)
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loans: Home Value's In 2009 - 11/10/08 10:29 AM
Forget the old saw that all real estate is local. What's pummeling housing prices in your nabe is the same thing that's hurting them around the country: the credit crisis.
You know the drill - banks' troubles have made it harder for many home buyers to get mortgages, and those who … (0 comments)
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loans: One More Hoop.... - 11/10/08 09:26 AM
Does it feel like you are working harder for less? That there is always one more condition that you or your clients have to meet? You are not the only one who feels this way.
It is how we deal with this extra burden that will ultimately determine our success during … (1 comments)
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loans: Mortgage Rates Drop After Fed Cut - 11/10/08 03:02 AM
The Fed cut the fed funds rate at the end of October. The rate was dropped from 1.5% to 1%. This is the lowest the rate has been since 2003. Following the cut we saw drops in all the major mortgage products. The 30 year dropped from 6.46 to 6.2. The … (2 comments)
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loans: Home is Where the Heart Is - Affordable New Homes - 11/08/08 03:31 PM
In any given week, I'll take buyers to see a number of homes for sale, both older homes and and brand new homes, expensive and not so expensive. You might think the expensive homes are what impress me, but actually, it's the homes that feel like a HOME that I really enjoy the … (0 comments)
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loans: Las Vegas Real Estate - Financing for Canadian Investors - 11/08/08 11:55 AM
We have discovered a great lender for Canadians wanting to buy Las Vegas homes or condos, either as a second home or as an investment! This lender charges no loan discount points or origination fees, and the rates are the same as what a US citizen can obtain.Lately all our blog … (0 comments)
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loans: Down Payment Article - 11/08/08 11:16 AM
Down Payments
The chief advantage of a down payment today is simply the ability to qualify for a loan, since only a handful of so-called "zero down" loan programs still exist. Yet down payments have other benefits, too.
The more money you put down to buy a home, the smaller your … (0 comments)
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loans: If we were to lie this much we would lose our license – So why haven’t they? - 11/08/08 09:43 AM
THIS IS A RANT: If you don't like rants, then I suggest you don't do short sales or read this post! Over the past year and a half I have done many successful short sales, but in more recent times, I feel the banks representatives are being told to lie to … (28 comments)
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loans: Somers Connecticut Home Loans - 11/07/08 10:22 PM
There are many loans available to home buyers in Somers Connecticut. Because it is deemed a "rural" town by the US Department of Agriculture, buyers can qualify for specialty financing.
Rural Financing: There are two main types of Rural financing and buyers qualify depending on the household income of the person, people or … (0 comments)
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loans: Mortgages are Available in Boca Raton - 11/07/08 07:57 PM
The uncertainty has quieted down somewhat with the banks and with the bailouts that the government put in place money has loosened up again to the point where it was about 2 months ago. What the banks are seeing now is that they are ready to lend money but applications are down. The reason for … (0 comments)
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loans: Loan Limits to Remain the Same for 2009 - 11/07/08 07:31 PM
The Federal Housing Finance Agency (FHFA) announced today that the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009 will remain at $417,000 for most areas in the US.
As in previous years, the 2009 limits are higher in Alaska, Hawaii, Guam, the US Virgin Islands, … (0 comments)
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loans: FHA Jumbo Loans DECREASE to $625,500 for Los Angeles County - 11/07/08 03:01 PM
November 7, 2008
Washington, DC - The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit will lower to $625,500 (from $729,750) for Los Angeles County.
In case you don't know who the heck is FHFA - they are the agency that regulates Fannie Mae, Freddie Mac and … (0 comments)
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loans: Roger's Mortgage Report for Friday 11/7/08 - 11/07/08 02:56 PM
Greetings! Here is your daily mortgage report compliments of Roger Hunt/ Private Mortgage Advisors (an affiliate of Wells Fargo Bank, N.A.) 650.796.0326
Friday's bond market has opened in negative territory despite the release of a much weaker than expected Employment report. The stock markets are showing gains after a couple of … (0 comments)
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loans: Somers Connecticut Real Estate Market Conditions - 11/07/08 12:51 PM
Somers, CT Real EstateWe here at Dynamic Funding Solutions continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find real estate statistics for Somers, CT, for the first week of November.New homes on the market: 54Number of homes under deposit: 15Number of homes … (0 comments)
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loans: The $7500 Downpayment Gift - 11/07/08 12:16 PM
Maybe you heard that Uncle Sam, who has been giving money out to just about EVERYBODY lately, has a check waiting for you... if you buy a house before next summer!
What is it? How does it work?
This is a tax credit and not tax deduction. It is a true … (8 comments)
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