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home: Choosing an Appraiser?-No Longer Your Choice - 03/17/09 02:41 PM
In the past, when home buyers were financing the purchase of their home through a lender, or refinancing their home, an appraiser was selected by either the loan officer, Realtor or borrower. That choice is no longer available to those utilizing home financing and for a reason.
On December 23, 2008, the FHFA, (Federal Housing Finance Agency which regulates Fannie mae, Freddie Mac and 12 Federal Home Loan Banks), announced the 'Home Valuation Code of Conduct'. This code will help assure that borrowers and secondary mortgage market investors receive a fair and independent property valuation. Additionally, this code will be used to conduct fewer review appraisals and to … (7 comments)
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home: Getting Prequalified, as Easy as 123! - 05/05/08 05:15 PM
Pre-qualifying for a mortgage allows you to visualize the monthly payment and costs incurred with home buying. It's during this process that a loan program is chosen to best fit your needs. How do you begin this pre-approval process?
Watch my Video Tutorial or you can keep reading and get it in writing too.
Simple, with one stress-free phone call. To help you even further, I have created a simple steps to guide you through the pre-approval process. Below you will find an example of the pre-approval process as well as the length of time it takes to … (0 comments)
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home: Interest Rates are Appetizing! - 01/22/08 03:48 PM
Grab a fork and dig in ladies and gentlemen! Interest rates are quite appetizing. According to today's mortgage interest rates, I'm able to obtain interest rates in low 5%'s for a 30-year fixed! For those of you who have interest rates around 6.25 +, or if you want to shorten your mortgage term, consolidate loans, or take cash-out to fix your home, you may want to consider refinancing through me. Those of you who are considering purchasing a home, contact me immediately for a free pre-qualification.
It only takes one phone call to me to potentially save you a deal of money per … (6 comments)
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home: Prevent Home-buying Nightmares by Using the TEAM Concept. - 01/21/08 08:18 PM
Picture this...
It's the week before you're scheduled to close on the home of your dreams. As you're packing boxes, the phone rings. It's your loan officer, hostile, because they still haven't received from you a document the underwriter had requested. If that paper is not received today your closing will be delayed. Your call-waiting buzzes in, your realtor is calling because your title search was never ordered. Your insurance agent is calling your cell phone because your "dream home" is located in a flood zone and your insurance will now be double. You drop the phone, start running in circles, panic-stricken with all warm, fuzzy thoughts … (1 comments)
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home: Realtors: Get Off the Bench and Get in the Game! Offer FHA Loans to Your Clients. - 01/17/08 02:37 PM
Yes, I am a screaming fan of FHA and VA loans!
This past year, pre-qualifying your buyer has become even more difficult. What I can't quite understand is why realtor's are not offering the opportunity for their clients to pre-qualify for FHA loans? Are they still under the impression the FHA guidelines are strict? Possibly. Perhaps its because their loan officers are not licensed to process FHA loans? And the buzzer rings!
As we all know, one of the biggest strategies of the game is having the proper tools, or programs available to your client. These government-backed loans benefit your client!. My favorite highlights are sellers concession up to 6% of the sales price, allowing gift funds, obtaining "A" … (6 comments)
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Lori Lewis
Bethlehem,
PA
More about me…
Allied Home Mortgage Capital Corporation
Address: Allied Home Mortgage Capital Corporation, 548 N New Street, Suite 2, Bethlehem, PA, 18018
Office Phone: (610) 433-8180 x 12
Cell Phone: (610) 657-8784
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