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mortgage myths: Have a Mortgage Question? Ask us at Mortgage Myth Busters… - 11/21/10 06:10 PM
Trying to understand the mortgage process or all of the different programs, it is hard enough. But when you either read or hear different answers regarding the same issue at hand, it can really be confusing. Who do you believe? Do you believe the three people that gave the same answer, and not trust the person that gave the lone answer that is actually correct.
There are just so many questions in regards to mortgages of which consumers and realtors search for places to ask such questions. My problem from searching the internet is that I have seen some really bad, … (6 comments)
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mortgage myths: Misleading FHA Rumors & FHA Myths - Information needed to be properly armed - 10/12/10 09:54 AM
FHA loans are not dead and shouldn't be going any where soon.
The other day a loan officer sent me an e-mail asking me if FHA loans are going away anytime soon. I asked, where did you hear this nonsense. The loan officer replied, “from 3 realtors in my area.” Sounds like water cooler talk to me.
My Common sense – If FHA loans disappear, so will our economy, right off the map. Here is why..
Positives with FHA loans -
FHA still allows you to put 3.5 percent down as your down payment, even with a credit … (35 comments)
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mortgage myths: FHA Loans vs Conventional Loans - Comparing 20 percent down - Eye opening - 10-11-10 - 10/11/10 10:31 AM
FHA loans have been the major talk in the news as of lately. One loan officer e-mailed me the other day, asking if FHA is going away. I asked, how did you come up with this? Because three realtors had mentioned it to them. I have not heard a thing, but let's use common sense. If FHA loans would go away, then the housing market would crash for good. Just my opinion.
Just the other day, a realtor made a comment stating that the buyer was better off putting their 20 percent down with a conventional mortgage and not … (12 comments)
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mortgage myths: Have mortgage questions? Have FHA loan questions? How about a mortgage scenario?? - 10/09/10 08:34 PM
Are you a consumer with some questions, but not sure who to ask?
Are you a realtor who has questions or scenarios, and possibly work with a good loan officer, but could use some extra feedback?
You have some outside sites such as Trulia, Zillow, or even Active Rain, to where you can ask such questions? But what happens if you get like 7 answers and 3 of them are varying or different. And who is to say that you can trust such answers. I see many questions on Trulia that are answered incorrectly, and even the mortgage … (7 comments)
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mortgage myths: The Mortgage Myth Busters welcome Drew Sygit - 09/06/10 10:22 AM
At Mortgage Myth Busters, we are excited to welcome Drew Sygit to our team of mortgage professionals. As you see below, Drew comes with a lot of experience in both mortgages and blogging about his knowledge of mortgages. Not only is Drew passionate about what he does, but he takes a lot of pride in putting the correct information out there, which makes him a very good fit for Mortgage Myth Busters. Get to know Drew below.
Drew Sygit -
Lending Edge Team Rainmaker and Solutions Specialist, Drew Sygit, writes and speaks about the mortgage and real estate industries. … (15 comments)
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mortgage myths: FHA Loans vs Conventional Loans - Proof that FHA home loans with 5% down after major change are still cheaper 09-01-10 - 09/01/10 12:39 PM
FHA loans have been one of the main focal points in today's real estate transactions. Two main reasons for this is that it comes to the down payment and the credit scores. In the past, some loan officers were using other types of financing that were easier for them, but not suited best for the borrower. What I do hate hearing is that FHA mortgages have taken the spot of the subprime loans. This is not true at all. This statement is very misleading. Many subprime loans should have gone FHA and that is just a fact.
But why … (5 comments)
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mortgage myths: As a seller, do you listen to your listing agent's advice about potential buyer's financing offers with FHA Loans? - 08/01/10 10:29 PM
Sellers, don't accept offers from a buyer with FHA financing. Wait, don't accept offers with VA financing. Wait, don't accept offers with conventional financing. Gee, you might as well wait around for a cash buyer.
FHA loans are not a bad thing. It could just be that your listing agent isn't familiar with FHA mortgages, or maybe had a bad experience once before, or that they are afraid that the house might not pass a FHA appraisal. In my opinion, I just think the listing agent is flipping a coin on your property and it could cost you thousands … (29 comments)
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mortgage myths: The Mortgage Myth Busters invade America - Welcome to our new site - - 07/26/10 03:10 PM
Meet the Members of the Mortgage Myth Busters
Jeff Belonger John Cannata Gerry Suarez Larry Bettag Colleen Craig Robert Ashby Ken Cook Gary Miljour
- Click Me -
The Mortgage Myth Busters is born : by Gerry Suarez
Who we are.
It’s been over a year and a half ago since Jeff Belonger started to put this group together. For a long time we were a group called the Mortgage Masterminds that met for weekly conference calls to brainstorm about industry issues … (25 comments)
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mortgage myths: Mortgage Financing made to look easy - FHA loans Have NO Min Credit Score for Florida Homebuyers - Really??? - 07/13/10 11:47 PM
This makes FHA loans sound to EASY. This is extremely misleading...
I must digress... this post was just sent to me. FHA loans have no minimum credit score for Florida Homeowners -
From reading this post, the author makes it sound very easy to obtain FHA loans with less than perfect credit. The author states this - "At the same time FHA loans to (do) not penalize Florida buyers with a higher interest rate because of having less then perfect credit."
Much of the information above and in the post is extremely misleading. I would consider this … (34 comments)
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mortgage myths: FHA Loans vs Conventional Loans - Why FHA home loans in New Jersey can be better with 5% down - 07/11/10 10:44 PM
FHA loans have certainly become more popular over the last several years. In the past, some loan officers were using other types of financing that were easier for them, but not suited best for the borrower. That use to get under my skin and I witnessed it first hand in some cases. What I hate hearing is that FHA mortgages have taken the spot of the subprime loans. This is not true at all. This statement is from those that are inexperienced in both the mortgage and the real estate industries. To many subprime loans should have gone FHA … (5 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
More about me…
Social Media - Infinity Home Mortgage Company, Inc
Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
Cell Phone: (609) 440-5133
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