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freddie mac: VA Loans: Pros & Cons - 10/26/11 03:55 AM
If you’re a qualifying veteran or service member, a VA mortgage can be a great deal. VA mortgages offer a lot of benefits, including being one of the few 100% financing options available. There are however, certain situations where you may be better off going with a FHA mortgage or a conventional loan backed by Fannie Mae or Freddie Mac.
Pros of a VA home loan
The government guarantees at least one-quarter of the loan amount on a VA mortgage, which is why you don’t need to put up a down payment. It’s also why you don’t have to buy mortgage insurance, which is … (0 comments)
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freddie mac: THE H.R. 600: Finally a law that makes sense - 08/26/10 07:12 AM
And this has now been proven to be a complete failure. Once the government steps in to bail out the loans, they are spending money that is expected to be repaid immediately as it is government money. The result of this is the higher taxes that customers will have to pay every time they have a transaction to buy a house. It also does not help that the government made mandates that actually made getting a loan to buy a home more complicated and difficult.
If you have been reading my blogs lately, you have been reading all the complaints about … (0 comments)
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freddie mac: THE HVCC : The Thorn in our midst - 06/07/10 09:07 AM
Whenever a member of the real estate community ever hears the term HVCC, every mortgage broker, agent, appraiser and lending firm can't help but feel a shudder as a sense of dread somehow grips them. The HVCC, which ironically stands for Home Valuation Code of Conduct, was meant to help the mortgage industry survive the real estate crisis and clean up how it does and conducts business. Instead, as we later found out, this initiative bound the mortgage industry by one hand, ruining businesses for small lending firms, probably sent people out of their jobs and worse, made life a whole … (2 comments)
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freddie mac: Does Fannie Mae and Freddie Mac deserve more credit from Uncle Sam - 05/16/10 11:00 AM
When we woke up to the news that Fannie Mae and Freddie Mac, the two largest government sponsored mortgage institutions still need more government bail out despite the fact that they already received 145 billion dollars last year, more than any other institution in the country, the debate began on whether these two headache inducing firms should get more money or should just be turned over to the private sector.
Here are certain facts that would make either two options a really difficult one to consider.
For the past 80 years, both Fannie Mae and Freddie Mac held a veritible monopoly … (1 comments)
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Stephen Katz
Atlanta,
GA
More about me…
Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
Address: 800 Johnson Ferry Road, Atlanta, GA, 30342
Office Phone: (866) 742-8400
Cell Phone: (770) 552-1000
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