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8 Things You Need to Know About the Home Valuation Code of Conduct - 05/12/09 11:41 AM
Florida mortgage brokers and Realtors take note. We’re in full swing now with the new Form 1004MC - “MARKET CONDITIONS ADDENDUM to the APPRAISAL REPORT” - will be required on all Florida appraisal reports for single to 4-family home loans dated on or after April 1, 2009. If you’ve still not heard about the Home Valuation Code of Conduct (HVCC) - which is tied to the competition of Form 1004 MC - it requires appraisers to provide more information about market trends, supply and demand, marketing times, prior listings, and the like.
There’s a lot to the HVCC, but at the … (3 comments)
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Florida Applications for Mortgage Modification Picking Up. Are You Eligible? - 05/12/09 11:19 AM
Florida homeowners are no strangers to the idea of mortgage modification, as put forth via wide-spread publicity efforts announcing home loan modification as part of President Obama’s foreclosure-prevention program.
As recently as last week, Chase Mortgage, the servicing side of JP Morgan Chase, had negotiated more than 15,000 modifications under this program. Chase Mortgage isn’t’ the only major bank facilitating mortgage modifications.
Back in April of 2009, Bank of America delivered as many as 100,000 letters to borrowers who could potentially benefit from home loan modification. Although BOA has yet to release information as to how many mortgage modifications it’s performed, … (0 comments)
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Cover Your Winter Haven FHA Mortgage Downpayment with a Loan from Your Family - 05/10/09 11:36 PM
One of the things holding most Winter Havenfirst-time home buyers back from purchasing a home is the 3.5% downpayment requirement for FHA mortgages. Add closing costs to this total and many would be first-time home buyers - despite having jobs that can maintain monthly mortgage payments - simply can't swing getting into a home at all.
With DPAs now a thing of the past, another source of downpayment funds for first time home buyers a home is a LOAN from an immediate family member. Although it cannot be a requirement of the loan, qualified first time home buyers can borrow the … (0 comments)
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Kevin Sandridge - Winter Haven Mortgage Broker
Winter Haven,
FL
More about me…
Signature Home Funding
Address: Winter Haven, FL, 33884
Office Phone: (863) 604-3019
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