Sam Thompson's Blog
Call me for a mortgage in NC, SC, VA, PA, DE.
ARCHIVED BLOG POSTS
2007
5
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Did you know this?FHA loans can still be assumed with us. Customers may have an opportunity to buy a property and assume the mortgage of the current owner. The seller (original owner) usually remains liable unless released by the lender. We will have to approve the new buyer in order to release ...
02/11/2007
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Bush Signs MI Deduction; National Mortgage News President Bush has signed a tax bill that creates a deduction for mortgage insurance premiums that is designed to help homebuyers in 2007 but could also benefit owners who refinance. The MI deduction becomes effective Jan. 1, and it allows homebuyer...
02/02/2007
The validity period for Certificates of Commitment (VA Form 26-1866) is six months. If a loan closing extends beyond six months, you must request an extension of the commitment before the validity period expires. In those cases where VA has issued a commitment and the loan is cancelled or withd...
02/02/2007
As I read the blogs that many of you post, I think about the Fred Factor book by Mark Sanborn. In his book, Mark tells about his mailman, "Fred" that went out of his way to take good care of him when he moved to town. Mark didn't know how to react at first but soon realized that this was an ext...
01/31/2007
Call me for a mortgage in NC or SC. Specializing on VA Mortgages with Veteran Discounts! FHA loans, USDA Rural Development 100% Loans, 203K, JUMBO, Conventional and ARMS. We have a true 5/5 ARM that adjusts every 5 yrs up to $729K ($300K Minimum) for only 5% down with NO PMI! Rates are very attractive on all of our products.
We can also do REVERSE MORTGAGES. Call me on those too.