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rent: FHA Removes Rental Income Because Of "Buy and Bail" Scams - 09/23/08 10:38 PM

 
Effective for all FHA case numbers assigned on and after September 19th 2008 to further notice.
A Borrower cannot use rental income to offset the payment on their departure residence without very specific and narrow exceptions.
The old guidelines when someone wanted to rent their current residence out to … (11 comments)

rent: 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)

rent: 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)

rent: So Your Renting Again | It's Not The End Of The World - 04/23/08 08:47 PM
Un-Forseen events causing more renters recently
With the increase in foreclosures and more homeowners that can't afford to stay in their current homes due to financial hardship, job loss or mortgage payments.  People are resorting to renting once again or even staying with family and friends while they try to get back … (7 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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