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nehemiah programs: Should we run our COUNTRY like a business or like a soup kitchen? - Food for thought.... - 02/09/09 02:45 PM
Disclosure : Let's keep politics & political views/parties out of the comments. This post is my opinion and the figures used below are solely for example and not fact.
As many of us know, the 2009 Stimulus packageis about to be approved. Let's clear the air on this issue though. The new bill has not been approved as of yet, only that there is tentative agreement in the Senate. I am reading too many blogs stating that this stimulus package has been approved. It still needs the Senate's final vote for approval, likely reconciliation with the House Bill, and … (88 comments)
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nehemiah programs: Nehemiah & seller-funded down payment assistance program meeting live on 1/23/09 @ noon - 01/21/09 12:50 AM
Nehemiah Corporation is putting together a town hall meeting in regards to the seller-funded down payment assistance (DPA's) reform act of 2009 that introduces bill H.R. 600. This bill is last years version of H.R. 6694 and is being backed by Senator AL Green (D - TX).
If many have been following the news and my blogs since August 2008, you will understand that there has been very strong support for this bill. Right before the deadline last year, many members of congress came to an agreement and asked for certain things to be implemented. Such … (14 comments)
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nehemiah programs: FHA loan changes in the near future..... Part 1 of 3 - Down Payment Assistance Programs - 09/27/08 11:21 AM
Are you ready for some more changes in the mortgage industry? Many of us know that there has been a lot of change, both with FHA loans and conventional loans. And the changes that I am about to mention have already been out there for about a month now, but this is more of a refresher post of information. These are changes that will start to take place next week and up until January 1st, 2009.
Is change good? Yes and no..... The first major change as of right now is that down payment assistance programs will be discontinued … (20 comments)
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nehemiah programs: Down Payment Assistance Programs might be Alive & kicking?? - 09/10/08 12:37 AM
Well, maybe your voice has been heard. Maybe it was the shot heard around the world. As news broke earlier today, in which there has been speculation that bill HR 3221, the "Housing and Economic Recovery Act of 2008, would be overturned, bill HR 6694 made strides today.
There are good signs stating that the down payment assistance programs, such as Nehemiah, AmeriDream, Genesis, and so many others, will be voted back in. It's not a done deal as of yet, but with the strong support from Congressman Barney Frank, who is the chairman of the House Financial Services Committee, has some promises on … (32 comments)
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nehemiah programs: The March to Washington D.C. - Taking back Down Payment Assistance Programs - 09/08/08 11:40 AM
Well, my mom always said that I should have been a politician. I said mom, I need money and I need to stretch the truth. So I turned the other way and now I am a loan officer of 16 years. I love every minute of it and...okay, most days... But I soooo love helping people and helping people to experience the American Dream !!! And now??? I want to play with the big boys.
Wait, what is this Jeff character talking about? Do you know that congress and HUD have turned down the down payment assistance programs? Yes, … (69 comments)
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nehemiah programs: Nehemiah - Countrywide & Wells Fargo.... what do they have in common? - 08/26/08 04:23 PM
What a topic of discussion in the past 30 days....... The DOWN PAYMENT ASSISTANCE PROGRAMS !!!!!!
For many of you, you have until September 30th to have a lender actually underwrite your loan and sign off on the MCAW. For those that don't understand, stop listening to the rumors that the Down payment assistance programs, such as Nehehmiah, Ameri Dream, & a few others, are done after August 29th. That date has been mentioned because Countrywide and Wells Fargo have told their loan officers that they can't accept any loans after August 29th. That is a whole month prior to the … (21 comments)
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nehemiah programs: FHA loans & FHA mortgages -- The basic concept of mortgages - 08/23/08 01:49 PM
If you are buying a home or refinancing, please read this before choosing a loan officer/mortgage lender.
FHA loans and FHA mortgages - Well, it's the same thing when it comes to any type of mortgage, may it be FHA loans, conventional loans, VA loans, etc etc. You just can't push a button, thinking that even if the outcome says yes, approved/eligible, that it's a done deal.
As many of you know, I write a lot of blogs on FHA loans. I am not here to pass judgment on which loan is the best. But I do want to give you … (21 comments)
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nehemiah programs: Down Payment Assistance Programs - Nehemiah, AmeriDream & others.. is there still hope? - 08/13/08 11:26 PM
Down Payment Assistance Programs - To include Nehemiah programs, AmeriDream programs, and many others, have been labeled to be finished as of October 1, 2008 by Congress. In this post, I wrote about the reasons and perceptions to why HUD and the government feel that they need to ban these types of programs. Please read : Nehemiah & Down Payment Assistance programs done? Is this true? - Urgent Urgent -
What has happened since Congress voted to ban these down payment assistance programs, 4 individuals in Congress have turned around and enacted a new bill, H.R. 6694, which would allow the … (13 comments)
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nehemiah programs: Realtors & Sellers : Live near colleges or universities? - How to be creative in buying & selling real estate!!! - 07/20/08 04:08 PM
In today's real estate market, you need to not only know what you are doing, but be able to be very creative and to think outside the box. So, as a seller or a realtor, how do you market a home? How about a home that is in a college town? Yesterday, I wrote this post, "Kiddie Condo" FHA loans aka Non-Occupant Co-Borrower Loans - What are they?
Because of the mortgage meltdown that started taking place about 2 years ago, there aren't as many mortgage programs available. The media hasn't helped as much, with spreading negative news also. But … (11 comments)
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nehemiah programs: Sellers & Listing agents - One extra way to sell your home !!!! - 06/07/08 11:14 PM
No matter what the general consenus has been that we are in a bad housing market, that buyers can be picky choosers, and houses have dropped in value..... if you need to sell, you sometimes need to be creative. You need to keep an open mind.
I am not here to knock realtors, but you need a real estate agent that is open-minded to all financing options and who is very knowledgable and creative.
I wrote a blog the other day, Nehemiah/AmeriDream Down Payment Assistance Programs (DPA's) - Are they that bad?, where some realtors came out openly and stated … (12 comments)
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nehemiah programs: Nehemiah/AmeriDream Down Payment Assistance Programs (DPA's) - Are they that bad?..... - 06/06/08 10:37 AM
Nehemiah programs are just one form of a down payment assistance program. You can use these in conjunction with FHA loans. There are other down payment assistance programs such as AmeriDream, Genesis, and a few others.
Lately I have been reading a few blogs that state that these down payment assistance programs are like laundering money. Okay.... I'll talk about this in a few. Other blogs have talked about how bad the Nehemiah program in itself is bad. The reason why is because it's more expensive than other DPA programs. Okay? I'll talk about this soon also.
… (105 comments)
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nehemiah programs: FHA Mortgages - FHA Mortgages - FHA Mortgages - Part 1 of 2 - 04/02/08 12:32 PM
Are some lenders and loan officers just shooting craps with your mortgages? I think so..... Experience and knowledge don't always have to be a prerequisite to help you with a mortgage. Now, don't get me wrong, knowledge and experience could be the key to your mortgage closing. But what about common sense? Shouldn't it be on the list also?. Why do I say this?
Just a week ago, I received a phone call from another lender in Alabama. Her question was about the down payment assistance programs and if I new any investors that did these with conventional financing. … (7 comments)
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nehemiah programs: FHA mortgages - mortgages in general - What a consumer should know first.... - 03/30/08 06:48 PM
After being in the mortgage business for 15 1/2 years, to many loan officers don't ask the appropriate questions in the first 10 to 15 minutes of interviewing the consumer. The main concern that the consumer has and usually asks first is what the lender's rate is. And because so many loan officers don't want to lose this consumer, they will give them a low rate without asking these basic questions.
What should be asked by the loan officer?
BASIC OUTLINE :
Mr. or Mrs. Borrower, what kind of payment are you comfortable with? Many loan officers … (31 comments)
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
Cherry Hill,
NJ
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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033
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