LenderBradford's Blog
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
ARCHIVED BLOG POSTS
2008
The talk I have heard is that this may take effect 12/1/08. If anyone is considering a Cash out refinance using FHA they may want to start the process soon. There has been talk that FHA is going to reduce their cash-out LTV. At this moment, there are 2 different types of maximum cash-out's. 95...
10/28/2008
0
Comments
Homeowners over 62 who have significant equity in their home may be eligible for a federally-insured reverse mortgage, which can be used to save a struggling homeowner from a pending foreclosure. A reverse mortgage can also be useful in many other situations, because it allows the homeowner to ta...
10/22/2008
Seniors are tapping into their home's equity to shore up their budgets. It's a great option and works like this; Upon reaching age 62, a homeowner can take out a "Reverse Mortgage". It's reverse, because monthly mortgage payments are sent from the bank to the homeowner. The homeowner can als...
10/22/2008
1
Comments
A very good summary of HR 3221 The Media can be misleading. Yeah I know, no surprise there!But let's talk about HR 3221, H.R. 3221 or if you want to call it by it's really long name, the Housing and Economic Recovery Act of 2008It was signed into law Monday July 28th, 2008. It was reported all ov...
10/04/2008
5
Comments
UPDATE 11/18/2008 - In my Personal Opinion this program is more talk than benefit to consumers. A number of other programs have been announced that seem more likely to succeed. Your first step should be is to contact your current lender(s) to see what programs they are participating under. ...
10/01/2008
Rainmaker
225,708
225,708
Tim Bradford
NMLS 250013
Real Estate Resources
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.