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pa mortgages: FHA mortgages - FHA loans & things that you need to know about them!!! - 12/08/07 11:58 PM
I had a conversation with my dad this evening because he asked me if I had been paying attention to all of the news in regards to mortgages and the real estate market. This led me to explaining to him about FHA and how it's not used as often. Do you know what he said? I thought FHA mortgages were for First Time Homebuyers and for people with bad credit. Rut row....
Hence why I am here to explain to everyone that this is not the case. And as I stated here, Will Conventional loans be just like the … (23 comments)
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pa mortgages: FHA & First Time Homebuyers -- Buying Steps & Tips that you need to know!!! - 11/23/07 10:15 PM
FHA mortgages aren't as hard and intimidating as so many have mentioned in the past. Buying your first home, a second home, or even your third home can be intense.
If you are a renter, your first step is to see which is better, to rent or own? Just remember, FHA mortgages are not just for first time homebuyers. Please read : FHA mortgages, how many can you have?
Below you will find a compilation of sequences that you should read prior to applying for a mortgage.
Before you start shopping for a mortgage, you should … (14 comments)
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pa mortgages: Do you give free advice? - 10/13/07 02:06 PM
Is your money tree bare at times for giving free advice? I am sure many of us have done this from one time or another. I just hope you don't do it often. It can have an affect on you. Sure, we all need to make a living. And I know there are a lot of helpful people in this business. Not to pat myself on the back, but I know I am very helpful, outgoing, sincere, and won't turn too many people away. I just love helping people.
Two nights ago I received a phone call from a consumer in Texas … (46 comments)
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pa mortgages: Is a FHA Loan Officer like a Doctor? - 10/12/07 02:47 PM
How does a loan officer compare to the life of a doctor that performs surgery? One thing for sure is that there is no comparison when it comes to the years of schooling that one has to go through to become a doctor. Matter of fact, you don't even need to have an education to become a loan officer. This might sound scary to many because buying a home is one of the biggest investments that one will make in his or her lifetime.
Is education needed to get by in life? Is education and college important? Can you be successful … (19 comments)
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pa mortgages: FHA - Conventional - APR vs Rate -- Understanding the difference....... - 10/06/07 12:04 AM
Aren't mortgages confusing enough? It doesn't matter if it's a FHA, conventional, VA, or subprime mortgage. Let's add some more confusion. Most of us know what the rate is in regards to mortgages. Rate : A charge or payment calculated in relation to a particular sum or quantity: interest rates. (from answer.com) APR (Annual Percentage Rate) : Is the cost of your credit expressed as an annual rate. This is a federally required formula, designed to help the borrower compare the cost of credit. The APR rate is different from the note rate of your mortgage and is usually higher than … (28 comments)
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pa mortgages: HUD / Down Payment Assistance programs -- DPA & Nehemiah -- Alive for a while.... - 10/02/07 01:11 AM
Down Payment Assistance programs have been halted, but not dead as of yet. These programs have been known as DPA programs and are most used in conjunction with Nehemiah and AmeriDream®, Inc. There are other non-profit companies that have handled the DPA program, but these two are the largest. Personally I have always used Nehemiah and have found them very useful.
The word out on the street is that as of today, October 1st, 2007, these down payment assistance programs, DPA's, have been stopped. This would have severe implications on many FHA home buyers and even some conventional mortgages. Most of these … (89 comments)
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pa mortgages: FHA mortgages vs Subprime -- Setting the record straight....... - 09/03/07 09:21 AM
Who makes up these rumors? Subprime borrowers were taken to the bank because you can make more money on them and because it's easier. Folks, the same amount of money can be made on a FHA borrower or a conventional borrower, just as a subprime borrower. FHA loans just sometimes take more elbow grease and knowledge to help the borrower out. Many lenders were either lazy or weren't FHA approved. And now to say that FHA is back, when it never left, is ridiculous.
As the subprime meltdown started making headlines, we saw a lot of finger pointing. Ron Withers mentions … (16 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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