mortgage: So now we are at 4.500%, Where are the buyers? - 12/11/08 09:37 PM
Hey I was told 4.50% was going to stimulate the RE market. Now we are offering 4.500%, I'm slammed with Refinances but no purchases? What's gives?
Stephen Katz
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mortgage: Now Available: 100% Financing For Primary Residential Purchases - 11/26/08 12:46 AM
Now Available: 100% Financing For Primary Residential Purchases
FOR IMMEDIATE RELEASE:ATLANTA, GA (PRWEB) November 20, 2008 - Katz Mortgage Team, www.KatzMortgageTeam.com, backed by Fairway Independent Mortgage Corporation, has announced they have teamed up with Fannie Mae to offer 100% financing on primary residence mortgages, filling a void created by the current … (0 comments)
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mortgage: Rates are Getting Crazy!! - 01/16/08 01:52 AM
Everytime the Stock market gets hit, Mortgage Rates go down. For the first time in 2.5 years we are able to break through the 5% barrier. I have been up until 2:30 am locking in loans!! These 7/1 ARMs at 4.875% are a big seller!!
WE CURRENTLY LEND IN GA, FL, … (0 comments)
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mortgage: FANNIE MAE Risk-based Pricing is now a Reality - 12/14/07 12:20 PM
Borrowers with FICO's under 680 will get hit with huge price adjustments.
We can still honor the old pricing through 12/31/07.
PLEASE URGE YOUR BORROWERS WITH WEAK CREDIT TO LOCK IN NOW!
• In response to market conditions, Fannie Mae issued Announcement 07-16, implementing new loan-level price adjustments (LLPAs) that will affect all agency-eligible … (0 comments)
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mortgage: Builder Bail-out Loans - 11/07/07 12:01 AM
At least once a day, I get a call from a small builder who has 2 or 3 houses that they can't sell and they need to pay off their construction loans. The interest on these loans can be steep. Many builders are forced to try to refinance to a permanent … (1 comments)
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mortgage: New ChoicePay Option ARM - Friend or Foe? - 10/15/07 02:29 PM
When you're looking to minimize your monthly mortgage payment, the ChoicePay Payment Option Loan gives you the power to do more with your money. With a low initial Minimum Payment option, you can make your monthly mortgage payment fit your ever-changing cash flow needs on a month-to-month basis. This option not … (0 comments)
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mortgage: Katz Mortgage Team Has Moved - 08/29/07 11:21 PM
As some of you are now aware, my company's parent, First Magnus, went out of business last week. A group of top mortgage professionals and myself have been in the process of considering opening our own branch for quite awhile, but sometimes the best things in life are initiated from a … (2 comments)
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mortgage: Mortgage Market Meltdown - What it Means to You - 08/14/07 11:19 PM
I have given this seminar to several of my realtor's offices and I would be happy to do the same in yours.
The credit markets are in crisis, and the mortgage landscape is changing fast.
But, ask yourself this…
Do you understand the key factors that led to the crisis?
Can you … (2 comments)
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mortgage: Q&A: Stephen, I hear on the financial news, almost everyday, that the mortgage industry is in big trouble. They say it’s a “liquidity” problem. What does that mean? Are people soon not going to be able to get mortgages? - 08/12/07 11:52 PM
Few mortgages are actually held by the bank or the company that funds them. Over the past ten to fifteen years, investors on Wall Street have increased their appetite for higher yield products. With this appetite grew a desire for riskier loans that companies package and sell in pools known … (1 comments)
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mortgage: Sad Day as Trump Mortgage belly flops into mortgage-casualty pool - 08/08/07 02:11 PM
Less than two years after opening its gold-plated doors, Donald Trump has pulled the plug on his "white glove service" loan company in the Big Apple. Reports indicate the firm was plagued by shoddy timing, a sinking market and allegedly sketchy claims made behind closed doors.
I thought this was kinda funny.
Stephen … (8 comments)
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mortgage: Atlanta's #1 Mortgage Company for the past 10 year....Gone! - 08/07/07 11:35 AM
HomeBanc Corp. Announces Intention to Exit the Mortgage Loan Origination BusinessTuesday August 7, 8:30 am ET
ATLANTA, Aug. 7 /PRNewswire-FirstCall/ -- HomeBanc Corp. ("HomeBanc" or "the Company") today announced that it intends to exit the mortgage loan origination business.
The Company at present is unable to borrow on its credit facilities … (3 comments)
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mortgage: Aegis just shut their doors, its getting tough out there - 08/06/07 03:12 PM
To our valued customers,
Because of extreme changes in the markets and rapid decline in conditions in the secondary
mortgage and national real estate markets, Aegis has been forced to suspend taking applications
for new mortgage loans from its broker customers and has ceased the funding process for loans in
our pipeline.
The company is in … (1 comments)
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mortgage: What a Week in the Mortgage Business! - 08/05/07 09:33 PM
Last week we saw American Home Mortgage go out of business. I saw major lenders like Wells Fargo, National City, Greenpoint and others cancel half their product line. Jumbo rates went from 6.75% to 8% in a two day period when the bond market actually improved!! That is a phenomenon that … (4 comments)
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mortgage: Building Equity Faster In your Investment Properties - 07/17/07 03:19 PM
Raise the Rent:
You should raise the rent of your properties once a year a small amount, approximately 3% to
5%. You are less likely to lose a tenant than to wait 3 or 4 years and make a substantial increase.
In fact, you should have a stipulation in your lease agreement that states … (5 comments)
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mortgage: Choosing the Right Mortgage for Investment Property - 07/15/07 08:36 PM
Down payment:The first question to ask is “how much money should I put down?” I am of the belief that “cashis king” and that it’s better to have your money in the bank than in the property. That said, I alsobelieve that one of the most important aspects of real estate … (0 comments)
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mortgage: Determine Your Real Estate Investing Strategy - 07/12/07 01:10 PM
Determine Your Investing Strategy:
Before you start investing, you need to come up with your goals, gameplan, and strategy. The
goal is most likely to create wealth. The gameplan is either to buy and sell, or buy and hold. The
strategy is the part that's open for discussion.
Buy and Sell
You have two ways to … (1 comments)
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mortgage: Putting Together Your Real Estate Investing Team - 07/10/07 08:43 AM
It is impossible to buy real estate by yourself. You need several qualified professionals. I suggestestablishing these relationships ahead of time, to help facilitate the transaction:
1) Tax Advisor – A good Tax Advisor is worth their weight in gold. My experience is that agood Tax Advisor can provide excellent feedback on … (4 comments)
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mortgage: Getting Prepared to Invest in Real Estate - 07/09/07 07:08 AM
Buy your primary residence first:
This is more than "walk before you run" advice. A primary residence gives you all the benefits
of an investor property, but it can be purchased easier and with better loan terms. You still get
the great tax advantage of deducting the mortgage interest, but when you sell a … (3 comments)
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mortgage: Advice for the Beginning Investor - 07/08/07 09:57 PM
I have been a mortgage banker for 14 years and have financed thousands of properties. During that time I have seen many real estate investors become wealthy, while others struggled. I intend to give a generaloverview of real estate investing and share some of my experiences and bits of knowledge tohelp … (4 comments)
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mortgage: 95% FHA Cash-out Loans for Borrowers with Less Than Perfect Credit - 07/07/07 01:00 PM
We are now offering 95% FHA Cash-out loans for borrowers with less than perfect credit. These loans have been updated with new higher loan limits up to $544,000 depending on the county; however, most metropolitan counties have a limit between $200,000 and $300,000.
It is no secret that over the last 4 months … (2 comments)
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