refinance: No Equity? Bad Credit? Refinance FHA Streamline Your Mortgage - 05/04/09 11:53 PM
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)
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refinance: Veterans’ Benefits Improvement Act of 2008 Changes. VA Cash Out Refinance 100%. - 10/25/08 05:58 PM
Veterans’ Benefits Improvement Act of 2008 Changes
Recently, in VA Circular 26-08-19, the Veterans Administration (VA) announced several changes regarding loan guaranty provisions. President Bush Officially signed over the changes this month October 2008.
Major Improvements to the VA Program are below in layman terms ☺
The Veterans Benefits Act of … (10 comments)
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refinance: Hello Fresh Start! Goodbye Chapter 13 Bankruptcy - 05/27/08 07:53 PM
Fresh New Start After A Bankruptcy
Just because you filed for a Chapter 13 Bankruptcy, doesn't mean that all hope is lost.
Yes! You can obtain a Chapter 13 Refinance utilizing a Bankruptcy Buyout putting all your worries behind you.
Nobody is perfect and many homeowners file for a … (5 comments)
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refinance: Market Report in Virginia Beach Regarding Mortgage Options - 05/27/08 12:02 AM
Quick Market SnapShot in the 757
As you can see in the Demographic Stats above for the Virginia Beach Area, the numbers has it's Pros and Cons.
Pro
We are not in a Declining Market compared to the rest of the Nation and even our brothers and sisters up … (3 comments)
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refinance: Refinance Cashout on your Rental? Use this Free Tool to Decide (Rentometer.com) - 05/12/08 08:39 PM
Need to tap into your Rental property?
Investment Properties are hotter than ever with all the current Short Sales anf Foreclosures going in the market.
So now that you captured a rental property and are utilizing a stable rental income for quite some time now, it has come to attention than … (3 comments)
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refinance: 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)
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refinance: 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 … (9 comments)
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refinance: 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 … (11 comments)
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refinance: 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)
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refinance: My 2 cents on Bear Stearns Deal - 03/17/08 10:23 PM
Heres the Quick Wiki: http://en.wikipedia.org/wiki/Bear_Stearns
The Bear Stearns Companies, Inc. (NYSE: BSC) was the parent company of Bear, Stearns & Co. Inc., which was one of the largest global investment banks and securities trading and brokerage firms in the world. The firm's main businesses included capital markets (equities and fixed income), investment … (11 comments)
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refinance: Loan Minimum too low for most lenders/brokers - 03/16/08 04:15 PM
I hear this story time and time again about borrowers being refused a loan because they are trying to finance a loan less than $50,000. There are 2 reasons why this happens
Lenders have guidelines where financing a loan must meet minimum loan requirement due to risk and cost.Mortgage Brokers work strictly … (7 comments)
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refinance: Virginia Beach Direct Lender - Prosperity Mortgage proud to be part of Wells Fargo Family - 03/15/08 06:41 PM
I am so proud to be part of this family and I I couldn't ask for a better lender to work for as a Loan Officer.
Recently I got news that...
Congratulations -- We’re #1 Again!! A Message From The Retail Leadership Team For the 16th year running, … (0 comments)
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refinance: 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)
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refinance: FannieMae Homesaver Advance Progam to help out delinquent borrowers - 03/09/08 02:21 PM
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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