LenderBradford's Blog

Everyone should be aware that the Upfront MIP on FHA Loans is changing on April 5, 2010,   This means the Case Number must be assigned by that date.   Because Case Numbers may take a few days to be issued HUD is encouraging Applications and Case Numbers to requested by 3/29/2010.   Realtors may w...

Jeff, another great job of sharing the information.  Buyers do not want to wait till the last minute to write a contract, because it may take time to get all the necessary signatures and signoffs.    The first time homebuyers tax credit - Important Tax Filing Information Whether you would be app...

With the New 2010 GFE buyers are encouraged to SHOP COMPARE AND SAVE.  If any buyers, sellers or Realtors want information on a Spectacular offer from a Title Company in Northern Ohio, give me a call or send me an email.  One Title company is offering $100.00 to the buyer and $100.00 to the selle...

I have seen this elsewhere here on ActiveRain, however wanted to make sure all Ohio Rainers are aware of this.  USDA Funding   On March 10, 2010 USDA issued Lender Funding Notice 3-9-20 to notify lenders that program funding for the Single Family Housing Guaranteed Loan Program will likely be exh...

Guide for Contractors when preparing quotes The purpose of the quote is to present a clear understanding of the work to be completed to the borrower, underwriter, lender and most importantly the appraiser.  Because each renovation/repairs project is different there is no one format available for ...

PMI/MIP can be tax Deductable. The Monthly PMI/MIP that is paid can be deducted similar to Mortgage Interest for Tax Payers with incomes below $100,000.* FHA's UPFRONT MIP to increase.Effective April 5th, 2010.   FHA is increasing the UPFRONT MIP from 1.75% to 2.25%.  For a home buyer purchase a ...