Don't Be Quick To Turndown a Loan
Just last week a client was referred to me by reading one of my blog posts. The reason he was searching for a local lender is because he tried to get approved in refinancing his mortgage from an 8% rate. The lender … (5 comments)
government: National Flood Insurance Plan Extends 6 months by Congress - 09/30/08 10:42 PM
The National Flood Insurance Program was developed by congress address both the need for flood insurance and the need to lessen the devastating consequences of flooding.
The program was set to expire today September 30th 2008 but was passed earlier this week for another 6 months by the House of Representatives … (4 comments)
There are some great benefits in being a First Time Home buyer but what exactly defines a First Time Home Buyer and what are the benefits you may ask?
A First Time Home Buyer is considered an applicant who has not have held an ownership interest in a … (6 comments)
VHDA is Virginia's State Finance Company which more can be found here in my previous blog.
With the Down Payment Assistance programs being eliminated here shortly, there are very few true 100% loan programs out there.
There is hope though, VHDA has a loan program called FHA PLUS which … (4 comments)
What is VHDA?
VHDA stands for Virginia Housing Development Authority. Its Virginia's Mortgage Finance Agency. Most every state has their own Finance Agency.
Mission?
VHDA was created in 1972 by the General Assembly of Virginia to help overcome barriers to affordable housing.
VHDA is not for everyone. The … (8 comments)
government: Buyers Don't Fold your Cards, Use Your Ace Up Your Sleeve - 05/03/08 12:12 AM
The Pre-Flop I work with a couple Real Estate Investors in the Virginia Beach Area and they mainly invest in Short Sales and Foreclosures to sell back to potential buyers. I had a client pre-qualified up for a $200,000 FHA Mortgage and the client was interested in buying a short sale, I called … (10 comments)
government: Support our Troops with a VA Mortgage. - 04/15/08 01:14 AM
Is there a strong military presence in your area?
I grew up as a Navy brat in Virginia. My father is a retired Command Master Chief in the Navy, the highest rank you can get being enlisted. So I respect the Military, The area I live in has a strong military … (14 comments)
government: HUD rolls out new RESPA reform proposal - Its Official! - 03/15/08 10:42 PM
Its official Hud rolled out the proposed revisions to Respa FINALLY -- MArch 14th 2008. To view the Federal Register you can see it here --------> Federal Register What Hud Says HUD says simplifying and standardizing the GFE would make it easier for home buyers to shop around by comparing the fees … (4 comments)
Another great loan program just announced in March 2008 by Fannie Mae to help our borrowers who are delinquent on their current mortgage.
Outline of the product
The Homesaver Advance program provides funds to pay past due balances of principal, interest, taxes, insurance (PITI), and up to six … (2 comments)
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