Jason's Blog - Archives May, 2008

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When All Else Fails - 05/30/08 02:47 PM

It is a rough time to be in our line of business. But, as my Father always reminds me, we have to maintain our sense of humor.
With that in mind I thought that we could use a little relief from the current situation.
I am sure that a number of … (2 comments)

Getting Loans Approved - Easier Said Than Done - 05/29/08 07:04 AM

One of the points that I make during my teaching assignments is the delay being experienced in the getting loans approved once the buyer has made on offer. I thought that it would be worth a review of the different types of issues being faced depending on the circumstances of the … (3 comments)

Condos - Do Your Homework - 05/27/08 11:54 AM

In today's real estate market it is imperative for all parties in a real estate transaction to understand which types of properties are easier to obtain mortgage financing. One type of property that has come under increased scrutiny from lenders is condominiums.Fannie Mae is not only tightening lending standards but … (0 comments)

Hard Money Loans Made Easy - 05/24/08 06:37 AM

With the number of bank-owned foreclosure properties on the rise and the decline in home values throughout the country, there are certainly good deals to be found if you are looking to purchase an investment property or two or refinance a default personal mortgage loan.The fact is there are many investors … (4 comments)

Fannie Mae Reverses Policy on Down Payment - 05/23/08 09:17 AM

At the end of last year, Fannie Mae announced a major policy change regarding down payments required on loans for homes located in declining markets. Fannie announced a "soft market policy" that effectively reduced loan-to-value (LTV) ratios on homes in high risk markets. Lenders chose to implement these restrictions differently, some … (1 comments)

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