new lawrenceville: Fannie Mae announces relief for investors - 10/27/09 08:09 PM
Fannie Mae announces relief for investors
Fannie Mae announced that its new Payment Reduction Plan (PRP) will provide forbearance for borrowers who are ineligible for the Home Affordable Modification Program (HAMP). The mortgage principal and interest payments will be reduced by up to 30% for borrowers qualified for PRP, which replaces Fannies HomeSaver Forbearance program. PRP reduces the payments by 30% rather than the previous 50% under HomeSaver Forbearance, because permanent solutions are closer to 30%, Faith said. Faith added that non-owner-occupied properties became eligible under PRP, and owners will receive new options and support for their investment properties and second … (1 comments)
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new lawrenceville: Hold on I only have 8 hands !!! - 07/25/09 05:14 PM
I love being a REALTOR and try to give 110% to everything so it is not unusual for me to work 10 -12 hour days and several hours on the weekend jut to make sure everything is done to the best of my ability however sometimes I just catch myself spinning out of control and I have to stop with a little reality check - it's real estate no one is dieing - so stop and focus on "WHAT ARE THE TOP 3 THINGS I CAN DO NEXT TO A) MOVE A LISTING CLOSER TO SOLD B) GET A BUYER INTO THE HOUSE OF THEIR … (17 comments)
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new lawrenceville: Understanding all those Mortgage Loan types - 07/18/09 05:45 PM
Popular Types of Mortgage Loan Programs Buyers could get a fixed-rate conventional mortgage, an FHA loan or a VA loan and a dozen other types.
Fixed-Rate Mortgage Types This is the granddaddy of them all. Now you can choose from 10-year, 15-year, 20-year-, 30-year, 40-year and even 50-year fixed-rate mortgages, all of which are completely amortized
FHA Loans FHA mortgage loan types are insured by the government through mortgage insurance that is funded into the loan. First-time home buyers are ideal candidates for an FHA loan because the down payment requirements are minimal and FICO scores do not matter. VA … (0 comments)
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new lawrenceville: Short Sale Tips - 06/13/09 03:01 PM
Short Sale Tips
Patience!!!!!! Short sales take time. Due Diligence - Inspect, Research, Inspect! Seller = You need someone familiar with the banks and their processes! Buyer = You need someone familiar with the banks and their processes! Great deals go fast! Time is of the essence. Most Short Sales & REO's require repair work! Research, pull the comps, factor in repairs. Most Important work with a FULL TIME Realtor that know the REO / Short Sale market inside and out
Call me if you need help with a Short Sale Sale or Purchase or Working with REO properties
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