purchase: FHA 203k Streamline vs 203k Full Renovation - 06/13/08 10:57 PM
Renovation Lending
The main concept behind these loans a.k.a Rehab, Renovation, 203k and Home Improvement loans is quite simple, clients who wants to finance the costs of home improvements through the mortgage for a purchase or refinance.
Financing the costs of the home improvements through the mortgage can be cheaper than … (10 comments)

purchase: FHA Non-Occupying Co-borrowers Great For Your Children In/After College - 06/04/08 11:13 PM

 
FHA Mortgage Allows Non-Occupying Co-Borrowers
A Co-Borrower on many Conventional Loans must state that the Co-Borrower occupy the property therefore eliminating parents trying to co-sign on a deal because they want to reside in their current residence.
FHA Mortgages allows a Non-Occupying Co-Borrower to help in homeownership from a … (4 comments)

purchase: FHA Tip on Seasoning Issues - Don't Delay Closings - 05/28/08 08:16 PM

 
With the increase in FHA production in the last few months, there has been a lot of confusion on seasoning issues. 
With the market being a great investment for investors wishing to buy and sell houses, theres a major factor that gets overlooked many times.
Please arm yourself with … (13 comments)

purchase: Balance and Zen in Homeownership - 05/05/08 12:14 AM
Zen in Homeownership 
Becoming a homeowner is the the biggest American Dream there is. Homeownership has great benefits. Homeownership also comes with certain responsibilities.We are in a time that people became too hasty and rushed in the home buyers market without thinking ahead of the percussions.
Yes it was great that there … (11 comments)

purchase: 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)

purchase: Self Employed Program Still Alive and Kicking! - 04/02/08 09:53 PM
As many lenders out there are eliminating loan programs for the self-employed customers/derive their income from mostly from commissions, theres still hope.
I still feel like if you maintained good credit these borrowers should still have a chance to get a simple, fast, competitively-priced home financing done.
You’ve built a good … (8 comments)

purchase: FHA is still a Super Star! - 04/01/08 08:52 PM
Many lenders out there are tightening their grip on strict guidelines and restrictions, its hard to find the right "Niche" for borrowers nowadays.
As many have perceived with FHA as a strict loan and strict appraisal standards, FHA has made a lot of improvements over the last few years.
FHA is still going … (7 comments)

purchase: FHA Secure Loan Program Clarification - 03/28/08 12:43 PM
Many people are asking about this type of program since alot of lenders they talked to don't offer it or have no clue on the program.
What is the program? 
The new FHA Secure loan program is a new refinance option that is being offered through the FHA to home owners that have … (7 comments)

purchase: Golden Opportunity to buy - 03/19/08 05:35 PM
There's too much negativity in the news about the market and finance, I rarely turn on my TV anymore because of that.  My solution is to use RSS feeders to get the news and weed out the negativity and focus on what to bring to the table.
The point is just because … (8 comments)

purchase: Is it time to Refinance Virginia Beach? - 03/14/08 08:22 PM

It's funny I get asked this question almost every day!
There are many stories and articles out there posted by bloggers, news media, analysts, agents etc that try to give a 10 page essay on the market and if its time to buy a house or refinance.  I don't know about everyone … (5 comments)

 
Loan Officer: Justin Williams - Loan Officer (Prosperity Mortgage)
Justin Williams - Loan Officer
Virginia Beach, VA
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Prosperity Mortgage

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