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mortgage: 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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mortgage: Pre-Qualification versus Pre-Approval, Yes There is a Difference! - 11/26/08 02:47 PM
Pre-Qualification vs. Pre-approval:
Believe it or not, they are not one in the same.
Pre-Qualificationis determining the amount of mortgage payment you can afford. It is at this time your information is obtained and it is here where your goals and needs are understood to coincide with your ideal monthly payment. The information obtained here will not be verified until the pre-approval process. This process is simply to create an idea of what you are looking for in a mortgage.
The Pre-Approval process is defined as a more firm commitment on behalf of your mortgage company. This … (0 comments)
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mortgage: Reaction of Clients - 11/25/08 01:42 PM
The picture is an example of the reaction I just received from my clients after notifying them of how much money they will save per month. FHA Streamline refinancing makes you want to jump! Interest rates are very appealing whether refinancing or purchasing a home.
Find out how much you could save. Pre-qualification is free! Be the next one to jump around, contact me today!
… (0 comments)
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mortgage: May I Have your Attention Please...Calling all FHA loans with interest rates over 6%! - 11/25/08 12:13 PM
May I have your attention please, I am requesting those of you who have FHA loans with interest rates over 6% to please step forward and immediatley contact me. That's right, drop whatever you are doing and contact me now!
The interest rates are giving me that warm fuzzy feeling again, especially that they are nicely below 6%. With this interest rate drop, there is a calling for FHA Streamline refinances. They are THE easiest refinances, with little documentation, no appraisal and little or no closing costs. Why pass this by? Save yourself thousands of dollars a year and act promptly.
Don't waste time, save yourself on … (0 comments)
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mortgage: When a Mortgage Increases the Quality of Ones Life. - 11/24/08 09:43 PM
This applies to everyone as we all know someone over the age of 62. It was reported in March of this year that there are 5 million seniors going hungry every day. Did you know that 28% of home loans are in default for individuals over the age of 50? Why? The cost to maintain their home, make repairs to their home, medicine, food, fuel prices, health care all dwindle away the savings of a senior. It's unfortunate that those individuals were not introduced to a loan program that has existed since 1988.
The mortgage program that could enhance ones quality of life is … (1 comments)
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mortgage: Who is Melissa the Mortgage Consultant? - 11/24/08 12:45 PM
My name is Melissa Falcone and I am a mortgage consultant for Allied Home Mortgage Capital Corporation-Lehigh Valley.
To better understand my view as a mortgage consultant you will need to understand who I am. I am a daughter, a sister, a wife, a mother of two children, ages 6 & 7, the companion to a beagle mix and a yellow Labrador retriever, and a recent resident of Upper Nazareth Township. For years I had climbed the professional ladder in the fields of health and long-term care insurance yet I yearned for more. I yearned for more face-to-face experiences, more … (0 comments)
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mortgage: 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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mortgage: Prevent the Threat of Loan Denial! - 01/31/08 03:13 PM
It would be depressing for any buyer to see a picture like the one above.
It brings me pleasure to share with you what I provide to my clients. I provide this information to you after you are pre-approved for a mortgage and begin looking for a home. It's important you are aware of any threatening items that may possibly cause the denial of your home loan. Please take a moment to read through.
In order for me to help you, it is in your best interest to view the following helpful do's and don'ts:
Do..
•1. Do purchase home owners insurance for a new purchase.
•2. Do make sure you are … (3 comments)
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mortgage: 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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mortgage: 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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