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shortsales: 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)

shortsales: 203K Loans Done Right by Gabriel Libutti and American Home Bank, Nationwide! - 08/21/09 11:35 AM
FHA 203k Program HUD’s Section 203(k) loan is one of many FHA programs that make mortgage credit available to borrowers when buying or refinancing a house that is need of repair or modernization. Unlike conventional rehab programs, the 203k has the same relaxed credit and income qualifying and low down payment guidelines as other FHA loan programs. This program works great for those who may not otherwise qualify for conventional loans due to income, credit and/or down payment limitations. Similar to conventional renovation loans, the 203k offers a solution that helps borrowers by providing a single, long - term, fixed - … (0 comments)

shortsales: 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)

shortsales: Breaking News! 9% of all home loans are delinquent - 08/20/09 10:28 AM
9% of all home loans are delinquent Mortgage lenders say the flood of foreclosures has not yet crested. Highwater mark should come this fall. NEW YORK (CNNMoney.com) -- The number of Americans who have fallen at least 30 days behind on their home loan payments inched up slightly between the first and second quarters of 2009, but jumped 44% compared on an annual basis, according to an industry report. That puts delinquencies are at a record 9.24% of mortgages, according to the National Delinquency Report from the Mortgage Bankers Association (MBA) That represents more than 4 million of the 45 million … (0 comments)

shortsales: 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)

shortsales: 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)

shortsales: 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)

shortsales: Renovation Loans in less than 30 days! - 07/11/09 10:42 AM
 
 
Gabriel LibuttiSales ManagerAmerican Home Bank
20460-4 Chartwell Center Drive
Cornelius, NC 28031
Cell: 704-657-6192
Office: 704-895-1002 Ext 1
Fax: 704-949-2631glibutti@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"
… (2 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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