aurora: CDMP- up to 98% with NO mortgage insurance - 09/15/09 03:48 PM
THE CLEAR FACTS ON CDMP- Community Development Mortgage Program
What it is:
- A conventional bank portfolio loan Wells Fargo offers as part of our commitment to the Community Reinvestment Act
Customer Benefits:
- NO monthly mortgage insurance or upfront mortgage insurance premiums
- Can use gift funds or down … (4 comments)
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aurora: Reverse Mortgage For Home Purchase - 09/15/09 03:40 PM
Reverse Mortgage For Home Purchase
What Is The Home Equity Conversion Mortgage (HECM) For Purchase?
• An FHA-insured reverse mortgage
• Enables senior homebuyers, age 62 or older, to purchase a new primary residence and obtain a reverse mortgage in simultaneous transactions with no monthly mortgage payments
• Allows … (0 comments)
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aurora: Comparison of Down Payment Assistance - 07/23/09 07:35 PM
Comparison of Available Downpayment Assistance Programs
… (0 comments)
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aurora: The Clear Facts on FHA - 07/23/09 07:26 PM
The Clear Facts on FHA
What is FHA?
A federal agency within the Department of Housing and Urban Development (HUD) that provides mortgage insurance for residential mortgages and sets standards for construction and underwriting. The FHA does not lend money, nor does it plan or construct housing.
Customer … (0 comments)
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aurora: The Clear Facts on VA - 07/23/09 07:21 PM
The Clear Facts on VA
What it is:
• Benefit for Military Personnel (active duty, veterans, reservists, surviving spouses). VA will guarantee up to 25% of the mortgage.
Customer benefits:
• Eligible for 100% financing under most circumstances. There will not be a 5% reduction in … (0 comments)
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aurora: First-Time Homebuyer Tax Credit - 03/05/09 11:13 AM
FIRST-TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act
Major Modifications Italicized
February 2009
… (1 comments)
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aurora: Guides Galore for your Clients! - 03/03/09 12:29 PM
If you'd like any of the below guides please contact me and I'll be happy to send them to you
Your First-Time Homebuyer's Guide
Information and advice on buying a home, getting a mortgage and managing your home asset. A great resource for first-time homebuyers looking for a guide … (0 comments)
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aurora: Renovation/ rehab Financing - 03/03/09 12:20 PM
Purchase and renovate / refinance and renovate
Owner Occupied / conventional Examples - remodels, additions, scrapes, pop tops, etc.
* 5% down with minimum 620 credit (at risk markets may be higher down)
* Purchase and renovate with one loan and one close
* loans up to conforming limit of $417,000 … (1 comments)
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aurora: Important changes to CHFA- Down Payment Assistance Program - 03/03/09 11:48 AM
Colorado Housing and Finance Authority down payment assistance
Can get up to 3% of 1st mtg amount for assistance
Available for first time AND non-first time homebuyers
Borrower minimum financial contribution is $1,000 & no cash back at closing
Only need one year of tax returns now instead of … (4 comments)
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aurora: Tax Credit Information - 02/19/09 01:16 PM
- Tax credit is increased to $8,000
- Tax credit is 10% of purchase price but no greater than $8,000
- The income limits remain the same: ($75,000 for an individual; $150,000 for a couple)
- FTHB (no ownership in last 3 years) and principal residences only
… (0 comments)
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aurora: Down Payment Assistance for Colorado - 02/08/09 06:18 PM
Down Payment Assistance Options
Comparison of Available Downpayment Assistance Programs
… (0 comments)
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aurora: Excellent Quotes! - 01/13/09 08:45 PM
"Never let perfect stand in the way of better"
- unknown
"If you have the courage to begin, you have the courage to succeed."
- David Viscott
"Empty pockets never held anyone back. Only empty heads and empty hearts can do that."
- Norman Vincent Peale
"It's not … (2 comments)
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aurora: Down Payment Assistance Options - 01/08/09 11:11 AM
Comparison of Available Downpayment Assistance Programs
… (0 comments)
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aurora: Great Quotes for 2009! - 01/05/09 06:56 PM
"There are no traffic jams along the extra mile" Roger Staubach
"Don't use the financial crisis as an excuse to stop taking chances or downsize your ambitions. But do use the crisis as an opportunity to take stock of what really matters-and to stop looking over your shoulder." Bill Taylor
"Every great work … (4 comments)
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aurora: Great quotes to start off 2009! - 01/05/09 06:55 PM
"There are no traffic jams along the extra mile" Roger Staubach
"Don't use the financial crisis as an excuse to stop taking chances or downsize your ambitions. But do use the crisis as an opportunity to take stock of what really matters-and to stop looking over your shoulder." Bill Taylor
"Every great work … (5 comments)
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aurora: Thanksgiving - 11/26/08 01:46 PM
Counting our blessings each day!
Focus today, no matter what is happening in your life, on the here and now. Be grateful for what you do have and be grateful you are growing toward where you want to be. Before going to sleep tonight spend time thinking of three things … (2 comments)
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aurora: 3.5% down payment on FHA effective 1/1/09 - 11/19/08 10:05 AM
Changes:
1. The down payment calculation method will be simplified - property value and average closing costs by state (High Cost/Low Cost Factors) will no longer be considered.
2. The cash down payment required will be 3.5% of the appraised value, or the sales price (whichever is less). Closing costs may … (4 comments)
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aurora: Couple of important updates/information - 10/22/08 02:15 PM
**Investment purchases with Lender Paid Mortgage Insurance or Buyer Paid Mortgage Insurance will no longer be allowed on LTV's 80%+, which means 20% down on ALL Investor purchases!**
Please note- this is not a Wells Fargo change, this is coming down from the MI companies and therefore will apply … (0 comments)
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aurora: Excellent quotes! - 09/18/08 05:22 PM
Hello to all! Below are some great quotes I wanted to share with everyone. I hope you enjoy them as much as I did when I came across them.
Belief fuels enthusiasm, and enthusiasm explodes into passion. It fires our souls and lifts our spirits.
-unknown
Whether you think you can, … (8 comments)
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aurora: Down Payment Assistance Programs- there are still options! - 09/17/08 10:38 PM
A lot of people have the misconception that all down payment assistance programs have been eliminated. This is NOT the case. The only down payment assistance programs that were done away with are seller funded down payment assistance programs, i.e: Nehemiah, Ameridream, Genesis Foundation, etc. There are still many down payment … (5 comments)
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