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mortgage loans: 100% USDA Financing Still Available exclusively from Gabe Libutti at Dover Mortgage! - 09/08/10 03:58 PM
Dover is still closing and funding 100% USDA loans! Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it. The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home. Dover offers this program in NC, SC, VA … (0 comments)
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mortgage loans: Act Fast! Homebuyers Tax Credit Ends Soon! - 08/28/09 09:24 AM
Act fast! Homebuyer tax credit ends soon There's barely three months left before the $8,000 tax credit for first-time buyers ends -- and it can take that long to close on your new home. NEW YORK (CNNMoney.com) -- Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit. Passed earlier this year as part of the economic stimulus package, the credit is good for up to $8,000, or 10% of the purchase price, and applies to … (2 comments)
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mortgage loans: Breaking News! Remnants on Subprime Wholesalers! - 08/22/09 07:49 AM
Third largest bank failure of 2009 announced Texas-based Guaranty Bank is bought by Spanish bank. Regulators also seize institutions in Alabama and Georgia, bringing this year's tally to 81. NEW YORK (CNNMoney.com) -- Guaranty Bank was closed by federal regulators Friday in the third largest bank failure this year bringing the total number of failures to 81 in 2009. The Federal Deposit Insurance Corporation was named receiver of the Austin, TX-based thrift, which had approximately $13 billion in assets and $12 billion in deposits as of June. BBVA Compass, a U.S. subsidiary of Spanish bank Banco Bilbao Vizcaya Argentaria, agreed to … (1 comments)
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mortgage loans: Breaking News! Existing homes selling fast - record fast - 08/21/09 11:27 AM
Existing homes selling fast - record fast The volume of home re-sales has been on the upswing for four consecutive months. NEW YORK (CNNMoney.com) -- Sales of existing homes rose in July for the fourth consecutive month, lending support to economists who argue a recovery is near. Sales of previously owned single-family homes were up 7.2% compared with June and 5% from July 2008, The National Association of Realtors (NAR) reported Friday. The monthly gain was the largest on record for existing-home sales, which NAR has tracked since 1999. "The housing market has decisively turned for the better," said Lawrence Yun, … (0 comments)
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mortgage loans: Mortgage Products to help you sell all of those imperfect listings! - 08/20/09 01:49 PM
Why American Home Bank! Below are a couple reasons I chose AHB, most importantly I think the reasons below will help improve your business as well! Company Factors Licensed in 50 States. Federally Chartered Bank. Portfolio Lending! Products Factors I look forward to working with you again and showing you the reasons I chose American Home Bank! FHA and VA down to 600 credit score 203K Renovation Lending 97% Conforming Construction to Perm up 96.5% Jumbo up to 90% CLTV/80% LTV And many other product and guidleline restrictions that are different than other lenders American Home Bank is backed by a … (0 comments)
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mortgage loans: Breaking News! Homes still affordable - really affordable! Apply now! - 08/20/09 12:45 PM
Homes still affordable - really affordable The bright side of the housing bust: Homebuying has not been this affordable in a generation. NEW YORK (CNNMoney.com) -- Homes continue to be more affordable than they have been in nearly two decades. The typical American family, making the nation's median income of $64,000 a year, could afford to buy 72.3% of all homes sold in the United States during the second quarter, according a quarterly report from the National Association of Home Builders (NAHB) and Wells Fargo (WFC, Fortune 500). That's off just a tad from the record 72.5% reached during the first … (0 comments)
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mortgage loans: Modifications are not as easy as you think! - 08/18/09 02:29 PM
IndyMac's mortgage struggle Bank's new owners are required to adjust mortgages to get government aid. But getting a modification is not easy, borrowers and housing counselors say. NEW YORK (CNNMoney.com) -- Five months after securing a sweet deal to buy IndyMac Bank, the new owners say they are fulfilling their obligation to modify troubled home loans. Some frustrated borrowers and housing counselors, however, say it's anything but easy to deal with the institution, now known as OneWest Bank. They say the bank needs to do more for its troubled customers because of the perks it is receiving from the government. "They're … (1 comments)
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mortgage loans: Single-family strength! Lets get some momentum going! - 08/18/09 09:53 AM
Housing starts, building permits dip Permits also decline in government report, but single-family construction shows signs of strength. NEW YORK (CNNMoney.com) -- Initial construction of U.S. homes edged lower in July following a surge in the previous month, according to government figures released Tuesday. The report had some modest indications of stabilization. "A mixed bag this time around," said Mike Larson, real estate and interest rate analyst at Weiss Research, in a research note. Housing starts fell to a seasonally adjusted annual rate of 581,000, down 1% from a revised 587,000 in June, the Commerce Department said. Economists were expecting housing … (0 comments)
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mortgage loans: At my computer, ready to lock in your clients at todays low rates! However.......................... - 08/17/09 01:54 PM
Even with:
50 States to lend in due to national licensing Strength of a Federally Chartered Bank with plenty of money to lend Historically Low rates today. 5% FHA and 4.875% Conventional 15 years experience and a monster book of business to tap into.
My phone is not ringing off the hook. I would say that the reasons are many. Here are a few:
Unrealistic Home Sellers! Most of my clients that are in the market to purchase a new home are already pre-approved but are very scared to own 2 properties at once, but are still unwilling to drop the … (0 comments)
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mortgage loans: Buyers and Sellers in Charlotte are still in a Stable market!!!! Tax Credit!! - 08/12/09 10:39 AM
Home prices fall a record 15.6% Year-over-year prices may have fallen at a record pace, but there are signs of improvement. NEW YORK (CNNMoney.com) -- Median home prices fell a record 15.6% during the three months ended June 30, compared to the same period in 2008, according to an industry report. There is good news though: The survey from the National Association of Realtors reported the median home price rose 4% compared to the first quarter of 2009 -- to $174,100 from $167,300. The increase in median price was not a surprise, representing, as it did, the traditionally strong spring selling … (1 comments)
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mortgage loans: The incredible shrinking home! Great Article. Renovate today with AHB! - 08/12/09 08:03 AM
The incredible shrinking home The size of newly built homes fell in 2008 for the first time in almost 15 years. Is the McMansion era on the wane? NEW YORK (CNNMoney.com) -- For the first time in almost 15 years, the size of new homes built in the United States is shrinking. New homes are now 7% smaller -- or the size of one average-sized room. To be precise, the median square footage of newly built homes fell to 2,065 square feet in the first three months of this year, compared with the same period last year, according to the U.S. … (1 comments)
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mortgage loans: Construction to Perm Lending! 96.5% LTV at a 620 Credit Score! - 07/29/09 04:15 PM
Bring you FHA Approvals and i wil do the construction loan for you!
Gabriel LibuttiSales Manager/Loan OfficerAmerican Home Bank
20460-4 Chartwell Center Drive
Cornelius, NC 28031
Cell: 704-657-6192
Office: 704-895-1002 Ext 1
Fax: 1-877-415-1460glibutti@bankahb.comApply online at:
http://glibutti.bankahb.com
American Home Bank a division of First National Bank of Chester County
"We Help Build Your Future"
… (1 comments)
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mortgage loans: 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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mortgage loans: Looking for Top Producing Loan Officers in Charlotte, Cornelius, Mooresville! - 05/08/09 04:45 PM
Gabriel Libutti
Sales ManagerAmerican Home Bank
20460-3 Chartwell Center Drive
Cornelius, NC 28031
Cell: 704-657-6192
Fax: 704-949-2631glibutti@bankahb.comAmerican Home Bank a division of First National Bank of Chester County
"We Help Build Your Future"
… (0 comments)
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mortgage loans: The place to come for all of your FHA and Down Payment Assistance Questions! - 11/09/07 03:47 PM
So you have heard that lenders do not do Subprime Loans anymore?
Here is my FHA Scenario for the month of November?
545 Middle Credit ScorePurchase Price $125,000Full Income DocumentationPast Due Child Support$25,000 in Medical Collections4 Different Jobs in the last 2 Years$1500 in CheckingFHA Approval was as follows:
6.5% Fixed Rate3% Down Payment Assistance Seller Gift3% Seller Paid Closing CostsClosed in 14 DaysFHA is a wonderful alternative for borrowers who have had past problems but are willing to do anything they can to show they have turned over a new leaf and are trying to do good!
If you can verify the following, I … (1 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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