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8000 stimulus: Fast closings with Local Processing, Underwriting and Closing! Gabriel Libutti - 04/28/10 08:29 AM
There is no room for Fraud in our Industry. If the borrowers do not qualify, turn them down. You are doing them a favor and protecting the itegrity of our industry! Putting borrowers in to homes that they cant afford hurts everyone! "Mortgage fraud is still on the rise, according to a report released Monday, despite efforts by law enforcement and policy makers to rein it in. Incidents of mortgage fraud perpetrated by industry professionals increased 7% in 2009, after jumping 26% the year before, said the Mortgage Asset Research Institute (MARI), a division of LexisNexis. The worst-hit states include Florida, … (0 comments)
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8000 stimulus: Local Processing, Underwriting and Closing leads to fast decisions, good or bad for your borrowers! Dover Mortgage Conmpany is the Place. - 04/27/10 05:11 PM
Having been in this business as a Loan Officer and Producing Sales Manager since 1996, I have owned my own brokerage and worked for banks both big and small. Once the idea of ever owning a brokerage in NC was taken away by legislation and net worth requirements I thought that my dream job in the mortgage industry was gone forever.
Boy was I wrong! Dover Mortgage Company in Charlotte, NC is a special place. Remember the days when you could speak to a live underwriter about a loan file? How about getting an answer on a particular product from the … (0 comments)
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8000 stimulus: Do I still have time to get my $8000 tax credit? Apply in the next 2 weeks and the answer is yes! - 03/06/10 09:40 AM
Nab a real estate deal - while you still can
If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move.
While home prices remain low, they're no longer free-falling in most markets. Mortgages are historically cheap. And the sweet tax credit that was offered to new buyers last year has been extended to April 30 and expanded to include current homeowners too.
But for all the motivation to act quickly, buying right now is not a no-brainer. In some areas … (0 comments)
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8000 stimulus: USDA 100% Financing Nationwide from Gabriel Libutti! - 02/05/10 10:57 AM
Are you looking to purchase a home in a rural community, but wondering where to begin looking for help with a home mortgage? Good news! The U.S. Dept. of Agriculture (USDA) has developed a home loan guaranty program that can help you find a lender and obtain a home loan mortgage. The USDA Rural Development program offers partnered lenders a guaranty on loans provided to qualified borrowers for housing in rural communities. With the help of this program, you can be living in a home with little or no money down!
A USDA Rural Development home loan offers qualified borrowers a … (1 comments)
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8000 stimulus: $8000 First Time Homebuyers Credit! Still time to close before deadline! - 11/02/09 10:38 AM
$8,000 home credit still in play Negotiations about whether and how to extend and expand the tax credit for homebuyers are moving quickly. Here are the latest developments. NEW YORK (CNNMoney.com) -- Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it would look like? That's understandable, since the situation is still very fluid. Here's where things stand. Support for the credit: There is still bipartisan support in Congress for extending the credit past Nov. 30 and making it available to more homebuyers. The Obama administration wants the credit extended for a "limited period," Treasury Secretary Tim … (0 comments)
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8000 stimulus: Fast FHA Closings, just in time to get your clients the $8,000 tax credit! - 11/02/09 10:33 AM
Home sales contracts rise for 8th straight month Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday. The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1, consolidating a 6.4% gain in August. It was the index's highest level since December 2006, when it stood at 112.8. The leap was far better than expected. A panel of … (0 comments)
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8000 stimulus: Lets expand the $8000 tax credit for all home buyers! - 10/15/09 11:33 AM
Push on to expand $8,000 tax credit Some want to expand the tax credit for homebuyers. Supporters say it could stem price declines. Critics say it would just be a costly, temporary fix. NEW YORK (CNNMoney.com) -- Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers -- potentially applying it to all but the wealthiest homebuyers. Supporters say doing so would further boost home sales, stabilize housing prices and generate jobs. Opponents say extending and expanding the credit would be a waste of money and only temporarily stave off further price declines. The credit now … (0 comments)
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8000 stimulus: Max Seller Concessions for Conventional Loans! - 07/29/09 03:49 PM
All of my Realtor Referral partners have been asking me what the max seller contribution guidelines are for conventional loans lately.
I thought I would post the table for everyones convenience.
Occupancy LTV Amount
Owner Occupied Over 90% to 95% 3%
Owner Occupied Over 75% to 90% 6%
Owner Occupied 75% and below 9%
Second Home Over 75% to 85% 6%
Second Home 75% and below 9%
Investment Property All LTV's 2%
I hope it helps to get another buyer in to a new home!
Gabriel Libutti
Sales ManagerAmerican Home Bank
20460-4 Chartwell Center Drive
Cornelius, NC 28031
Cell: 704-657-6192
Office: … (0 comments)
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8000 stimulus: Get your $8,000 HUD tax credit now - 05/29/09 02:56 PM
Get your $8,000 HUD tax credit now
HUD tweaked stimulus tax incentive so first-time home buyers get instant assistance with down payment and closing costs.
By Les Christie, CNNMoney.com staff writer
Last Updated: May 29, 2009: 3:22 PM ET
NEW YORK (CNNMoney.com) -- First-time homebuyers will now have access to quick cash to help them with their down payments.
On Friday, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHA-approved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down payments or … (3 comments)
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Gabriel Libutti
Cornelius,
NC
More about me…
ONQ Financial
Address: 18805 W Catawba Ave Suite 204A, Cornelius, NC, 28031
Office Phone: (704) 657-6192
Cell Phone: (704) 657-6192
Email Me
Gabe Libutti from ONQ Financial
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