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Mortgage and Lending - LINCOLN MORTGAGE
THE MISSION OF THIS BLOG IS TO EDUCATE AND UPDATE CLIENTS INTERESTED IN CHANGES AND TRENDS IN THE MORTGAGE INDUSTRY, TO ENCOURAGE DIALOGUE AND INVITE EVERYONE, FROM RENTERS AND FIRST TIME HOMEBUYERS TO INVESTMENT/SECOND HOME AND EVEN COMMERCIAL CLIENTS. I WILL DO MY BEST TO ENSURE A CONCISE, ACCURATE ANSWER. I'VE BEEN IN THE INDUSTRY SINCE 1987, AND I STAY ABREAST OF THE CHANGES IN PROGRAMS AND GUIDELINES. REST ASSURED THAT IF I DON'T KNOW THE ANSWER TO A QUESTION, I'LL DO MY BEST TO GET IT.

ARCHIVED BLOG POSTS

2010 

2 Comments
I recently settled a property in South Jersey with a Streamline FHA 203K loan. For those of you who are not familiar, the Streamline 203K refers to minimal processing on any property which requires less than $35,000 in total repairs. There are old horror stories about 203K's. Back in the day, the...
01/21/2010

3 Comments
FHA HAS RECENTLY ISSUED NEW GUIDELINES REGARDING CONDOS. UP UNTIL NOW, A CONDO FOR WHICH THE BUILDER HAD PROCURED FHA APPROVAL WAS AUTOMATICALLY ELIGIBLE FOR FHA FINANCING. NOW, EVEN 'FHA APPROVED' CONDOMINIUMS WILL UNDERGO SCRUTINY.   HERE ARE SOME OF THE GUIDELINES: 1) PROJECT MUST BE 100% COMP...
01/19/2010
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MARTY HANCOCK

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