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100 financing: USDA LOANS in WISCONSIN! This just in from the newsdesk at Rural Development! Staggering numbers!!! - 07/18/09 10:18 PM
Here is a cut & paste of PART of the announcement on the USDA website here in the Dairyland State of Wisconsin!
Please note that the numbers I will list below are "staggering" because last year, in the State of Wisconsin, $257 million dollars worth of USDA loans were done! As evidenced below, ALREADY, at the halfway point of the year, the USDA has guaranteed $145 million dollars worth of loans! That works out to SHATTER the record set last year by 33 million dollars!
Let's do the math right quick!
Ths is a whopping...
… (8 comments)
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100 financing: A Development in Rural Development! USDA UPDATE!! Information IS EDUCATION! - 05/28/09 06:56 PM
Well, today I emailed my Account REP at JP Morgan Chase, to let him know that we are STILL ALIVE & WELL! I asked him if there have been any changes I need to be aware of, or pitfalls..etc...regarding USDA LOANS, and the "as improved" product, ...and this was his response! (see below)
My most EXCELLENT Partners!
"The biggest change on Chase's end is that we now pull a tri merge credit report and use that for the underwriting of the loan."
"You may want to begin using Equifax for your credit reports on GRH loans … (4 comments)
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100 financing: MY FIRST 6 MONTHS WITH AR! Remember, "Rock em Sock em Robots?" - 05/02/09 10:22 PM
Well, after my first 6 months witih Active Rain, I thought I might share my questions, comments, observations, suggestions, problems, antics, and issues that I have encountered in a very short period of time!
So far, my overall impression of ACTIVE RAIN, is that it is a "combination" of 145,000 people all playing "rock em sock em robots". It is BLUE (ego) vs. Red (actual working knowledge). The Mortgage / Realestate Industry has a way of "pitting" people against each other! Good or bad, we have to work smarter not harder, and ALWAYS be open to suggestion and be willing to … (15 comments)
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100 financing: Have you heard this question recently? "I heard last night the the FED lowered interest rates?" What does it mean? A brief but techincal explanation! Wisconsin Rates are still great! - 12/24/08 01:54 PM
Due to the HIGH VOLUME of phone calls I received the past week or so, I thought this topic was worth revisiting! I am getting a call at least every hour asking me, " I heard rates went down, what does this mean for my loan?" This is a very challenging question, because it really depends on SO many things! I will save those for another blog, but for today, here is a very brief, READERS DIGEST CONDENSED VERSION of WHY mortgage rates don't get better right away when the FED announces interest rate drops!
So the Federal Reserve cut rates … (1 comments)
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100 financing: Top 10 suggestions to Realtors that help Lenders get your borrowers financed! 100% included! - 12/17/08 10:41 AM
For purposes of clarification: OTP= Offer to Purchase GFE= Good Faith Estimate CHATTEL=Personal Property MLS= Multiple Listing Service
With the ever changing lending enviroment, I think it is MORE IMPORTANT THAN EVER that Realtors & Lenders work together and from a unified front! To that end, I think education is paramount in accomplishing that goal! Here is my first "suggestion list" to any and all Realtors, no matter where you are located! Some of these items will seem trivial and small, but let me assure you that if you print this list and read it everyday, until it is burned into … (29 comments)
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100 financing: 100% Financing is still alive and well! Use your tax credit, buy a house today! - 12/10/08 02:38 PM
This is TOO good of a program to let pass you by! We have GREAT interest rates right now! Add to that the wonderful tax credit you will get, plus a little bit of FHA or USDA, and you get a great home at a great price, with great terms, and no landlord! Best of all, little or no down payment!!!!! STOP RENTING and start buying people! Call me! I need phone calls! Seriously! This is the best things have been, period, end of story! WE STILL HAVE A 100% Financing product, and today's rate with NO points would be 6%!!! Come … (0 comments)
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