real estate: 95% Stated Income Real Estate Investor Financing Now Available for Self-Employed Borrowers - 09/09/07 11:13 PM
FOR IMMEDIATE RELEASE: Katz Mortgage Team, www.KatzMortgateTeam.net, of Home Town Mortgage, has announced they are now offering 95% stated income financing to real estate investors with no income verification. Although most lenders have cut back real estate investor financing to 90% loan-to-value, Katz Mortgage Team now offers 95% loans to … (1 comments)
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real estate: 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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real estate: 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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real estate: 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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real estate: Forming Your Offer to Purchase Investment Real Estate - 07/14/07 10:34 PM
You make money in real estate by purchasing the property “right”. In other words, if you buywell-located and physically sound property below market value, the property will provide youwith excellent returns for many years. Excellent knowledge, combined with excellentnegotiating, leads to excellent returns.
Lowballing:This is one strategy that I don’t recommend. Making … (2 comments)
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real estate: Finding the Right Investment Property: - 07/13/07 03:24 PM
Location:
Remember, the old adage "location, location, location" its true for several reasons. My first piece
of advice is to look at properties within 50 miles of your house and always, always, personally
inspect the property before you make an offer.
Understand that there is a huge advantage in being able to visit your investment … (0 comments)
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real estate: 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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real estate: 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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real estate: 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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real estate: 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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real estate: No Doc Commercial Loans Now Available - 07/06/07 11:26 PM
We are pleased to announce that we are now offering No Doc Commercial Loans. Now without the red tape and high cost of a commercial bank, those interested in obtaining a mortgage for light commercial property can get a great deal on a variety of commercial loans at great rates and … (1 comments)
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real estate: Loan Q & A: Will I build equity faster by going with an Interest Only program? - 07/05/07 02:06 PM
Stephen,My wife and I are planning on buying a new home and are trying to decide on financing options. The house is $250,000 and we want to borrow $200,000 and were originally interested in a 5/1 ARM. I spoke to one loan officer who suggested that I would build equity faster … (2 comments)
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real estate: Loan Q & A: I'm getting ready to buy my fourth house. How can I get an accurate estimate? - 07/01/07 10:00 PM
Thomas R. in Atlanta, GA writes, Stephen, I'm getting ready to buy my fourth house. On each of my last 3 deals, more money was required than was indicated on my Good Faith Estimate. What should I be looking for to get an accurate estimate? Thomas, the lender should include all … (0 comments)
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real estate: Loan Q & A: My husband and I own two condos in Florida that we are getting ready to sell. Should we do a 1031 tax exchange? - 06/30/07 04:21 PM
Marcy S. in Farfield, NJ asks:My husband and I own two condos in Florida that we are getting ready to sell. Should we do a 1031 tax exchange? If so, do we need to purchase 2 more rental condos? Marcy, as you know, A 1031 tax deferred exchange allows you to … (2 comments)
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