real estate loan: HUD FHA Real Estate Loans for only $100 program. First Time Homebuyers welcome - 09/11/08 04:39 PM
Did you know you can buy a home with just $100 down payment, even in today's changed market?
It is true. If you qualify for the loan, HUD allows homes that they have foreclosed to be purchase with an FHA loan with only a $100 down payment. Unfortunately (or fortunately depending … (6 comments)
real estate loan: Credit Scores and how they affect your real estate purchasing rates and power - 09/03/08 01:30 PM
Barry Habib, Chairman of Mortgage Success Source, was recently interviewed by Fox Business News and he was asked about inproving your credit scores. You can see the interview here.
I found a lot of his answers a bit simplistic but still very helpful to the majority of people that have lower credit … (0 comments)
real estate loan: Rural Loan Programs for Lane County, 100% financing available - 08/07/08 03:52 PM
There are still ways to buy a home with no money down, but it is getting harder to do all of the time. USDA Rural Development is one of them. VA is also 100% real estate purchase financing. Today I want to touch base on the USDA product. We refer to … (4 comments)
real estate loan: Dual Real Estate Agent/Mortgage Broker - 07/23/08 01:00 PM
I have had something in my craw for some time and it has to do with people that are both Realtor and Loan Officer. I don't know about other states, but in Oregon it is perfectly legal to represent the client as both the Realtor and Loan Officer. If you throw … (5 comments)
real estate loan: Are you a salesperson? - 07/22/08 12:30 PM
Everyone sells something!
You don't believe that? Well, let me go through a few examples. If you belong to Active Rain, you probably sell Real Estate or Loans or Home Staging or a lot of other things. Even the homeless person on the street corner with the cardboard sign is selling … (9 comments)
real estate loan: How to find a good lender - 07/19/08 02:47 PM
HERE'S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!First: make sure you are working with an experienced, professional loan officer. The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues … (6 comments)
real estate loan: FHA Manual Underwriting - 07/17/08 02:00 PM
I know that as a lender, I always want an accept/eligible (Fannie Mae) or an accept/accept (Freddie Mac) when I submit an FHA borrower for automated (AUS) decision, but that doesn't always happen. So, here are some things to remember about your clients that have to have a manual underwrite:
Ratios above … (1 comments)
real estate loan: Paperwork, Green Loans & trust - 07/14/08 01:31 PM
Many years ago, if you borrowed money from someone, you shook hands on the transaction and that was often the extent of the deal. Then things started to change, not necessarily due to a lack of trust, but in many ways that was the final result.
I remember when I … (6 comments)
real estate loan: There are only three types of loans - 07/09/08 11:27 PM
There
Picture is just for effect.
Really are only three types of loans, no matter what anyone says. No, they aren't conforming, government and non conforming. That would be a good guess, but wrong. Of the three types of loans, not everyone is right for each type and at the same … (4 comments)
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Did you know you can buy a home with just $100 down payment, even in today's changed market?
