mortgage: Illegal lending activities from individuals who probably have no idea! - 09/05/08 12:27 AM
I found out something very interesting today from the North Carolina Banking Commission Attorney.
I have been involved with numerous transactions involving lending over the years. Several have involved transactions in which private financing has been involved and I am sure no one knew this lending law.
It is illegal for … (3 comments)
|
mortgage: Las Vegas housing projects in outlying areas slowing down - 09/04/08 11:03 PM
A few years ago when the real estate boom was happily chugging along home prices in town were breaking records month after month. The predictable result was that many home buyers were beginning to be priced out. Smaller, established communities like Mesquite and Pahrump where land cost a lot less could … (0 comments)
|
mortgage: 100% Financing options? - 09/04/08 08:10 PM
With the mortgage & lending industries further tightening their lending requirements & guidelines, it is becoming increasingly difficult for home buyers to qualify for homes. Are there still low down payment options available? The USDA / Rural Development program is certainly a very viable option for certain buyers in certain areas. … (0 comments)
|
mortgage: It's a Buyers Market, What Can Sellers Do To Be Unique With Financing - 09/04/08 07:28 PM
I have been busy tonight researching down payment assistance. Other than the standard 3% or 6% contributions, I am considering Seller Financing. We used to be able to have Sellers carry back Second Mortgages. Fannie and Freddie frown on this, unless it is a Community Second.
Community Seconds are provided by … (1 comments)
|
mortgage: www.FAKEPAYCHECKSTUBS.com A MUST IN EVERY BROKER/LOAN OFFICER's ARSONAL! - 09/04/08 07:13 PM
http://www.fakepaycheckstubs.com helping you get the
Not intended to use for any of the following - mortgage, refinance, loan, loans,mortgages, mortgage, refinance, bad credit mortgage, commercial mortgage, mortgage rates, mortgage refinancing, mortgage rate, commercial loan, second mortgage, home, home mortgage, mortgage loans, mortgage loan, snd mortgage, home loan, refinance rates, commercial loans, … (0 comments)
|
mortgage: Mortgage Lender Criticized by Consumer – You Won’t Believe Why - 09/04/08 07:02 PM
After writing previously about a direct mail marketing piece I received from ING Bank, and how they were trying to market adjustable rate mortgages (ARMs) to unsuspecting borrowers, I decided to check out the web to see what the general perception of ING's Orange Mortgage was. I came across this review, … (1 comments)
|
mortgage: Are you considering applying for a loan? Ask lender these questions first! - 09/04/08 05:36 PM
1. What is the interest rate for this loan? This should be your first question. Often lenders will advertise an extremely low rate and then switch you to a higher rate, or more points or additional fees.
2. Is there a Pre-Payment Penalty for this particular loan? Some loans do and … (1 comments)
|
mortgage: Sales Slump Ends 33 Months Later - 09/04/08 01:53 PM
It was hard to miss this August 19th headline in the Orange County Register. In fact, it was an end to the longest home buying slump on record. Never mind that the slump ending is directly attributable to still increasing foreclosures, and a still decreasing median home price. After all, the … (0 comments)
|
mortgage: Don't wait too long, The Bottom will hit 3 months before... - 09/04/08 01:50 PM
DON'T WAIT TOO LONG; THE BOTTOM WILL HIT 3 MONTHS BEFORE YOU KNOW IT... So what does all this mean? Well, for one thing it does take 60 days to accumulate most data and another 30 to spread it around to the media and the public. This does make it difficult … (0 comments)
|
mortgage: Housing Recovery likely in 2010 ? - 09/04/08 01:45 PM
Real estate economist Richard K. Green, director of the USC Lusk Center for Real Estate, was interviewed by Jeff Collins of the OC Register. For a complete transcript of his interview, just give us a call and we will email to you. Essentially Green thinks 2010 is still about right … (0 comments)
|
mortgage: What are the Actual Numbers - 09/04/08 01:41 PM
The total number of sales for Orange County in July, (the last month available) is 2,799, a staggering 45% increase from June and up 17.1% over July a year ago. The overall median price is $461,000 and that is off 6.9% from June and down 28% from a year ago. The … (0 comments)
|
mortgage: What are the Actual Numbers - 09/04/08 01:40 PM
The total number of sales for Orange County in July, (the last month available) is 2,799, a staggering 45% increase from June and up 17.1% over July a year ago. The overall median price is $461,000 and that is off 6.9% from June and down 28% from a year ago. The … (0 comments)
|
mortgage: Home Buyer Seminar at the Cascades Library, 10/18/08 - 09/04/08 12:27 PM
Please mark your calendar to attend our Fall Home Buyer Seminar.
Where: The Cascades Library, Meeting Room A, 21030 Whitfield Place, Potomac Falls, VA 20165
When: Saturday, October 18 from 2:00 pm to 3:00 pm, with questions following
(Light refreshments will be provided beginning at 1:30 pm)
What will be … (0 comments)
|
mortgage: Rate Lock Advisory - Thursday Sep. 4th - 09/04/08 11:25 AM
Rate Lock Advisory - Thursday Sep. 4th
Thursday's bond market has opened on positive territory following another round of early stock losses. The stock markets are posting sizable losses during early trading with the Dow down 220 points and the Nasdaq down 40 points. The bond market is currently up 7/32, … (0 comments)
|
mortgage: FHA changes in plain language and an FHA overview. Got Money? - 09/04/08 03:56 AM
Hello again! I hope you are starting into a successful September. As promised, I'm writing about the changes to FHA loans. It just took me a few days longer than expected to get to it because I've had some good business activity in my neck of the woods (Middle Tennessee).
First, … (6 comments)
|
mortgage: You Missed A Payment - No Help For You In This Enviorment - 09/03/08 11:24 PM
We have all read about the homeowner who has taken out the 50 year, interest only, adjustable loan 3 years ago and now that the payment is recasting, they can no longer afford their home. It seems you can't read a blog or newspaper article about homeowners, and not find one … (3 comments)
|
mortgage: Prevent Foreclosure -- Don't loose your home to a bad loan or a declining market. - 09/03/08 10:13 PM
We have been negotiating debt for years and recently we have teamed up with some of the best RESPA and TIL attorneys in the business to offer mortgage loan modification for those who may be in risk of loosing their home to foreclosure.
Loan Modification is a negotiated alteration in … (0 comments)
|
mortgage: Do You Remember Your First Home? AM I MISSING SOMETHING??? - 09/03/08 09:32 PM
Second time Second Beer. I foolishly while in draft mode went to copy my tags and lost my post. Oh well guess we all do that once.
Where to start again? I live in a nice coastal town. A piece of God's country it seems because no one wants to leave … (0 comments)
|
mortgage: September 2008 Big Bear Report - 09/03/08 06:46 PM
… (0 comments)
|
mortgage: The Mortgage Report - 09/03/08 06:40 PM
The Good News
According to the Federal Reserve, American homeowners saw their net housing equity-or the values of their property minus mortgage debt-grow from $6.2 trillion to $9.6 trillion from 2000 to 2007.
According to the National Association of Realtors, America is adding close to 1.5 million new households per year … (0 comments)
|
mortgage: The New Super Loan - 09/03/08 06:26 PM
So it finally happened...the bottom fell out of the market...but unlike the media predicted there was no huge black out, homeless people aren't flooding the streets and no one has been hung in effigy.
What has happened however is that most of the "hybrid" loan programs have gone away, and much … (1 comments)
|
mortgage: Why Is Now The Perfect Time For First Time Home Buyers?????? - 09/03/08 03:46 PM
1. All first time home buyers purchasing a home between April 9, 2008 and July 1st, 2009 are eligible for a tax credit of 10% of the purchase price up to $7500. This tax credit is repayable over a 15 year period interest free. The buyer can use this credit to … (2 comments)
|
mortgage: Marketing "Special Financing" For Listings with the USDA RD Loan - 09/03/08 11:05 AM
In today's market, it helps to offer something to make your own listing stand out. When going on a listing presentation, it also helps to have some ideas to increase a property's marketability. Here is one quick way to possibly offer "special financing" of up to 100% financing on a listing:
… (2 comments)
|
mortgage: FHA...the time to act is now! - 09/03/08 10:26 AM
FHA mortgages are the best thing out there. Now representing over 40% of the market in this economy, this once dinasour of a program that was thought to be near extinction is now the buzz for most home buyers. What does FHA give you as a homebuyer?
1) The loan is … (2 comments)
|
mortgage: Fredericksburg, VA. Get Inside the Mind of the Consumer Bill Vourazeris M-Point Mortgage Services 443-618-2880 - 09/03/08 10:13 AM
Fredericksburg, VA. M-Point Mortgage Services Bill Vourazeris 443-618-2880
Get Inside the Mind of the Consumer:Websites Every REALTOR® Needs to Know
Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that compete … (0 comments)
|
mortgage: Crofton, MD The EPA on Home Safety Bill vourazeris M-Point Mortgage 443-618-2880 - 09/03/08 10:01 AM
Crofton, MD M-Point Mortgage Bill vourazeris 443-618-2880
The EPA on Home SafetyReducing the Risks
Don't wait for a discerning buyer to find faults in a listed property. The EPA website (www.epa.gov) has tons of useful information on possible hazards in a home, and you should at least check the following conditions as … (0 comments)
|
mortgage: La Meridiana condos now featured on Condo.com - 09/03/08 09:23 AM
Costa Rica condos starting at $235,000
La Meridiana is an exclusive condominium development near Tamarindo, in the northwestern region of Costa Rica known as Guanacaste.
Planned for construction in August 2007, La Meridiana features spacious 2 and 3-bedroom units amidst a serene environment dotted with palm trees, swimming pools … (0 comments)
|
mortgage: Horizon Wildwood Condos now featured on Condo.com - 09/03/08 09:18 AM
Atlanta condos for sale starting at $165,000
At Horizon Wildwood Condos you can enjoy contemporary high-rise living built a comfortable, natural and convenient lifestyle. Close to everything you need, but far enough from everything you don't. Enjoy the proximity to the best of Atlanta dining, shopping and convenience without … (0 comments)
|
mortgage: Mortgage Applications UP!!!!!! - 09/03/08 08:48 AM
They say "the trend is our friend." If that's the case, then the news from the Mortgage Bankers Association should be welcome news. The question is....does 1 week make a trend? We don't have 1 week, we have 2.
Weekly mortgage applications in the United States increased in the week ending … (7 comments)
|
mortgage: Lender Basics: Six Frequently Asked Questions - #5 - 09/03/08 07:27 AM
Here is another FAQ about lenders.
5. When a lender looks at a residential contract, what does he/she look at?
Lenders zero in on: (1) the sales price; (2) down payment amount; (3) closing date; (4) seller contributions, looking for anything that might indicate an inducement to … (0 comments)
|
mortgage: Mortgage problems for the self-employed... - 09/03/08 05:11 AM
Steted income loans were originally available for self-employed borrowers who "wrote off" much of their income for true business expenses. The problem was that they seldom qualified for "full documentation" loans. Thus, the stated income loan was born. Because of all the abuse of this program, there are very few stated income … (2 comments)
|
mortgage: Home Lender's points to ponder.... - 09/02/08 08:10 PM
Does a standard lender's appraisal often fail to reveal the true condition of a home? This is where a home inspection conducted by a qualified professional home inspector - perhaps commissioned or required by the mortgage lender - could serve as a valuable complement to the appraisal.
Would you like … (0 comments)
|
mortgage: Weekly Update - 09/02/08 07:39 PM
For the week of September 2, 2008
*Estimated rates:
30 yr fixed conforming 6.125 - 6.250
30 yr jumbo 6.625 to $600k
7/1 ARM 5.750 - 5.875
OR VA 5.500
State Bond FHA 6.000
Rates are holding steady. Every day they are up a little or down a little with no real change from … (1 comments)
|
mortgage: Weekly Update - 09/02/08 07:31 PM
For the week of September 2, 2008
*Estimated rates:
30 yr fixed conforming 6.125 - 6.250
30 yr jumbo 6.625 to $600k
7/1 ARM 5.750 - 5.875
OR VA 5.500
State Bond FHA 6.000
Rates are holding steady. Every day they are up a little or down a little with no real change from … (0 comments)
|
mortgage: Would you recommend an online lender? - 09/02/08 07:18 PM
I got an e-mail from a referral today and he let me know that my rate was too high. When I found out that he was getting his rate from online, I sharpened my pencil. OK, I didn't lower the rate but I strongly urged him to reconsider. Since I don't … (12 comments)
|
mortgage: Horizon Sky Residences now featured on Condo.com - 09/02/08 03:52 PM
Oceanfront Mexico Condos starting at $360,000
When it comes to stylish living to perfectly compliment your natural surroundings, few if any places can offer the class and elegance of Horizon Sky Residences, one of the most sought after properties in Mexico. Located on the Malecon (boardwalk), you are never … (0 comments)
|
mortgage: Acanto Condos now featured on Condo.com - 09/02/08 03:48 PM
The new Acanto Condominiums are located in the exclusive Playa del Carmen, Riviera Maya Mexico. We are Just one block from the beach and the famous 5th Ave., where you can enjoy the best restaurants, nightlife and shopping.
Our 20 spacious condominium villas will be nestled in a private gated … (0 comments)
|
mortgage: Grande Villas Indian Beach Condos now featured on Condo.com - 09/02/08 03:42 PM
Grande Villas Indian Beach Condos now available on Condo.com
Own a North Carolina condo starting from the $600s.
Find your horizon…on a quiet beach along North Carolina’s spectacular Crystal Coast, where Grande Villas stands strikingly at ocean’s edge on Indian Beach.
This is the place at the beach that … (0 comments)
|
mortgage: The Flats at West Village now featured on Condo.com - 09/02/08 03:30 PM
Atlanta Condos starting at $189,900 with Cobb County taxes
The newest condominium development from Ashton Woods offers gracious single level living. Your new home features the ultimate in privacy. Lush landscaping, a well-appointed fitness center & resort-like pool area make The Flats at West Village your personal retreat.
West Village … (0 comments)
|
mortgage: Flats at Riverwalk condo now featured on Condo.com - 09/02/08 03:25 PM
Atlanta Condos for sale starting at $178,900
Flats at Riverwalk is located in Cobb county's Wildwood area, easy access to I-78 and I-285. We Offer 1,2 and 3 Bedroom condos featuring huge bathrooms and bedrooms and living spaces designed for the way you wantto live.
Phase II completed in … (0 comments)
|
mortgage: Camden Dulles Station Condos now featured on Condo.com - 09/02/08 03:20 PM
Herndon Virginia Condos for Rent Starting at $1285
Welcome to Camden Dulles Station Condos- we're glad you're visiting our community! Finding a home that reflects your lifestyle is important, and you'll find that Camden Dulles Station exemplifies our commitment to Living Excellence. Great amenities, professional management, and convenient location add … (0 comments)
|
mortgage: Jackson Park Condos now featured on Condo.com - 09/02/08 03:15 PM
San Jose Condos for sale starting from $299,900
Jackson Park Condos offer beautifully appointed 1, 2, and 3 bedroom homes that include many designer finishes, at an exceptional value. Several great homes are available in our new release. Each home offers beautiful granite counter tops in both the kitchen … (0 comments)
|
mortgage: Astoria condos now featured on Condo.com - 09/02/08 03:10 PM
Irvine California condos for sale starting at $629,000
Located within the 43 masterfully planned acres of Central Park West, Astoria offers residents an urban lifestyle while maintaining the peacefulness of tree-lined streets. The two modern towers rise above winding paths and lush quiet parks. Amenities include a magnificent lobby, business … (0 comments)
|
mortgage: Floridays beautiful Condos now featured on Condo.com - 09/02/08 03:06 PM
Orlando Condos for sale in a beautiful resort starting at $380,000
When you own a Floridays suite, a carefree vacation can be yours at a moment’s notice. Your fully furnished condominium unit is ready to enjoy. Just turn the key and walk right in—you’ll find all the amenities for … (0 comments)
|
mortgage: Camden Orange Court condos now featured on Condo.com - 09/02/08 03:01 PM
New Orlando Condos for Rent starting at $1090
Camden Orange Court is the newest distinctive and trendy apartment homes located in downtown Orlando at 668 N. Orange Avenue at the corner of Colonial Drive. Camden Orange Court condos opened for its valued residents in 2008.
We are excited to … (0 comments)
|
mortgage: Brickell Way Condos now featured on Condo.com - 09/02/08 02:54 PM
Brickell Condos starting at @239,000
Brickell Way condos are your chance to live in an exciting new condominium with breathtaking panoramic city and water views.
Living in Brickell Way you will be minutes from downtown, Miami Beach, Key Biscayne, Miami International Airport and major highways. Brickell Way offers you … (0 comments)
|
mortgage: Bella Vita Condos now featured on Condo.com - 09/02/08 02:49 PM
Imagine owning your own Mediterranean retreat – In picturesque Naples, Florida. Live the pampered life in your richly-styled lake-front home featuring the best on craftsmanship, posh amenities and breathtaking views.
Bella Vita Condos is a development like no other in its price range and you can purchase I now for … (0 comments)
|
mortgage: Bella Piazza condos now featured on Condo.com - 09/02/08 02:46 PM
Now recieve 1.5% Cash Back when you purchase at Bella Piazza condos...view details here
The Bella Piazza condo development features fully-furnished, luxury condominiums that are affordably-priced yet built to last with the utmost in quality construction. With close proximity to Orlando and its resort-area attractions, Bella Piazza condominiums … (0 comments)
|
mortgage: Azzurro condos now featured on Condo.com - 09/02/08 02:41 PM
Naples Condos For Sale Starting at $799,000
Azzurro condos are a new uxury waterfront Meditteranen style condominium centrally located in the heart of Naples just minutes from Fifth Avenue, shopping, dining, beaches and entertainment. The development is situated in Oyster Bay in Royal Harbor offering waterfront living with direct boat … (0 comments)
|
mortgage: Lakeshore Club now featured on Condo.com - 09/02/08 02:36 PM
West Palm Beach Condos starting at $99,000
Relaxing on a chase lounge at the lakeside pool, having drinks on your oversized balcony, or having dinner overlooking 540 acre Lake Mangonia through your floor-to-ceiling sliding glass doors, Lakeshore Club is where neighbors are friends and where weekends are made for … (0 comments)
|
mortgage: Artesia condos now featured on Condo.com - 09/02/08 02:31 PM
Sunrise condos for sale starting at $229,900
Artesia condos are designed to look as if it happened over the course of time instead of over a couple of years. It blends the romantic qualities of intimate European villages with a strikingly contemporary lifestyle. The wonderfully landscaped streets and boardwalk … (0 comments)
|
mortgage: How To Sell Your Own Home To Your Own Child - 09/02/08 11:24 AM
Summary: A parent asks about how to sell your own home. He has a home he wants to sell to his son at a very low cost and he wants to know his options. Knowing your goals will help you know how to sell your own home. Different tax implications and … (0 comments)
|
mortgage: Rate Lock Advisory - Tuesday Sep. 2nd - 09/02/08 10:58 AM
Rate Lock Advisory - Tuesday Sep. 2nd
Tuesday's bond market has opened in negative territory following early stock gains. The stock markets are starting this shortened week with strong gains as the Dow is up 183 points and the Nasdaq has gained 27 points. The bond market is currently down 6/32, … (0 comments)
|
mortgage: FHA Continuing to gain marketshare! - 09/02/08 10:17 AM
With the basic elimination of sub prime and ALT A loans, FHA loans have regained popularity over the past several months and should continue to gain share in the coming months. FHA loans were once the "king" of loans during much of the 1980's into the early 1990's. FHA loans fell … (0 comments)
|
mortgage: UpFront Mortgage Brokers - Your BEST lender Choice. What is an Upfront lender? - 09/02/08 09:56 AM
What is an upFront Mortgage Broker TM?
The Front Mortgage Broker ® (UMB ®) concept was conceived by Jack Guttentag, the nationally syndicated columnist and well-known expert on mortgage loans. Professor Guttentag developed the idea as a result of his experience as a mortgage advisor to consumers.To be an UMB ®, … (0 comments)
|
mortgage: FHA Risk-based Pricing is Held Off for One More Year! - 09/02/08 09:18 AM
In the past, HUD offered a fixed price policy for FHA financing, but those policies have changed recently due to the high volume of foreclosures experienced in the recent past. As of last year, HUD decided that they would modify the way that FHA fees are charged to be more "risk-based" … (1 comments)
|
mortgage: Lender Basics: Six Frequently Asked Questions - #4 - 09/02/08 09:16 AM
Here is another FAQ about lenders.
4. What are the main types of loans?
All of the numbers are subject to change, particularly Maximum Loan Amount. Use these numbers simply for the purpose of comparing the different types of loans:
Visit our website to read more about Chicago multi-family homes. … (0 comments)
|
mortgage: Don't Trust Me....I'm Your Lender! - 09/02/08 07:17 AM
Can you believe that is what I tell every single one of my clients, be it a first time home buyer or someone down sizing? Guess what? They are listening!!! Instead of shopping me they are educating themselves by doing extra homework (that I give them) and making sure they are … (4 comments)
|
mortgage: 5 Reasons Why Loans Go Awry at the 11th Hour - 09/02/08 03:07 AM
I am sure many of us have seen scenarios where buyers and sellers have moving trucks packed and people literally sleeping on couches or even on the floor waiting for a loan to fund and then for everything to blow up at the last minute?....AAARRGGGGGHHH!!!!
Often times, I have had deals … (58 comments)
|
mortgage: 100% Mortgage Still Out There - 09/01/08 10:14 PM
There are still 100% down opportunities for folks living in Virginia:
Two Different Mortgage Loans1. VA 100% loans for prior and active duty military2. USDA provides an Urban Rural Development Program offers 100% down of the appraised value of property. This would be of particular notice for those that live … (0 comments)
|
mortgage: Mortgage fraud thrives even in this market - 09/01/08 09:48 PM
The real estate market is pretty tough right now in countless areas of the country. There are many reasons to it, one of which is the mortgage industry. Due to severe losses recently lenders have tightened their underwriting standards and flat out cut off many home loan programs that got them … (24 comments)
|
mortgage: Just so You Know, My GROCERY STORE Marketing was a real FLOP - 09/01/08 09:24 PM
About 6 months ago I gave a shout out to AR friends and their thoughts on Grocery Store advertising. Many said not to do it and some said go for it. I did a big banner ad in the entrance to Kroger ( a local grocer here in MI). The cost … (22 comments)
|
mortgage: $7500 Tax Credit! - 09/01/08 09:18 PM
There couldn't be a better time for a First Time Homebuyer to buy a home! If you are a First Time Home Buyer (or someone that hasn't owned real estate in the last 3 years), you will receive a $7500 Tax Credit from the government. That's right! $7500!
Call today for … (0 comments)
|
mortgage: Real Estate & Lending...can you really do both? - 09/01/08 04:02 PM
I'm more than a FULL TIME Loan Officer, I say more than full time because with all the changes, file issues, bank owned issues and the continued excellent service that I provide...it keeps me very busy.
I came across an Agent who is also a Loan Officer, he called me on a … (4 comments)
|
mortgage: Manufactured / Mobile Home Financing made simple! - 09/01/08 09:30 AM
Mobile Home Loan Specialist
Manufactured / Mobile home financing is better left to the experts.
This type of property is just DIFFERENT and, like anything else, if you do it every day you get REAL good at it. I've done financing on 1965 single wides, 100% VA purchases, tons of loans … (0 comments)
|
mortgage: St. Louis Real Estate-Market Watch August 30th, 2008 - 08/31/08 10:09 PM
The St. Louis Real Estate Market this weeks shows a few more active listings coming on the market and still fewer homes accepting contracts. Thus, our pending ratio has fallen again to 12.37 percent. This past February was the last time we saw a pending ratio under 13 percent. We are … (0 comments)
|
mortgage: Analysts Say...No Pain for Orange County - 08/31/08 07:10 PM
Orange County California...population over 3 million. Home to many and also a technology, research & development and financial hub for not only this state but the entire western region.
Remember our GDP is 35th in the world when compared to all countries...that is countries not counties.
Well, analysts say Orange County is not headed … (0 comments)
|
mortgage: Clearing up Misconceptions about "Reverse Mortgages" for Seniors in Oakland County, Michigan - 08/31/08 01:31 PM
Reverse Mortgage Misconceptions
1. Reverse Mortgages are only for desperate seniors, or for the "house rich, cash poor." --INCORRECT. The reverse mortgage is an excellent financial planning tool that has been used by homeowners from all walks of life to enhance their retirement years. While some have needed the cash … (0 comments)
|
mortgage: Understanding "Reverse Mortgages" for Seniors "HECM" FHA and HUD Regulated Refinance Programs for Michigan Seniors - 08/31/08 01:21 PM
Reverse Mortgage Fact Sheet
1. Definition: A reverse mortgage is a unique financial tool that enables homeowners ages 62 and over to tap into their home's equity, receiving either a monthly income, lump sum of cash or a line of credit. There are no income or credit qualifications and there … (0 comments)
|
mortgage: This is Why You Need to Be Prequailfied! - 08/31/08 01:06 PM
I had a closing Friday (yay!) and I agreed with the mortgage broker who had referred the client to me, that we really needed to blog about this situation - which ended up being a win for everyone involved, because it was such a perfect example of why it's really important to … (0 comments)
|
mortgage: Mortgage industry about to attract fresh capital - 08/30/08 10:26 PM
Investors are returning to the residential real estate market and that is a sign of a turnaround in the making. It may not happen tomorrow, but it's coming. There are all sorts of investors who desire to take advantage of the slumping market. In Las Vegas, for instance, they are looking … (6 comments)
|
mortgage: Pillar Financial in Waterford, Michigan offers "Term Life Insurance" and the Family Care Package - 08/30/08 04:29 PM
Term Life Insurance
Term insurance, as the name implies, provides protection for a particular term or length of time and therefore pays a benefit only if you die during the term. Term insurance is the lowest premium life insurance product available, since you are purchasing pure life insurance protection. There is … (2 comments)
|
mortgage: Family Financial Planning: Child Guard "Life Insurance" Plan for up to Age 23 - West Bloomfield, Michigan - 08/30/08 04:26 PM
ChildGUARD
The life of a child brings excitement and wonder into every family. Although you have a healthy child today, it's hard to predict what his or her future will bring. As a parent or grandparent, you have the opportunity to provide protection for your child or grandchild now and guarantee … (1 comments)
|
mortgage: Family Care Package - Special Financial Program for Family and Individual "Health Care" and "Disability Insurance" - 08/30/08 04:09 PM
Pillar Financial Corporation offers a unique package we call the Family Care Package and includes the following:
Individual Health Care Plans
Group Health Care
Family Life Insurance
Family Health Care
Individual Disability Coverage
Group Disability Insurance
Group Retirement Plans
Family Security Fund
The Illinois Mutual Family Security Fund provides … (0 comments)
|
mortgage: Health Care Options for Seniors and "Reverse Mortgage" Refinancing in Michigan - 08/30/08 03:04 PM
News Release from the National Reverse Mortgage Lenders Association
May 10, 2001
FOR IMMEDIATE RELEASE
Contact: Glenn Petherick, Director of Communications,
NRMLA, 202-939-1753
Reposted by Ted Lewicki of Pillar Financial Corporation
Seniors Discover New Health Care Financing Options in Reverse Mortgages
- Free, New Consumer Guide Available -
Washington, … (0 comments)
|
mortgage: Financing "Long-Term Care" Senior Care Program, FHA "Reverse Mortgages" Home Equity Conversion Mortgage (HECM) - Lake Orion, Michigan - 08/30/08 02:30 PM
The Pillar Mortgage exclusive Senior CARE Program
Example:
Mr. Hutton is 74 years old and his wife is 72 years old. Their home has been appraised at $300,000 and they own it free and clear of mortgage. They qualify for a reverse mortgage and are eligible for a lump … (0 comments)
|
mortgage: Types of Mortgage Lenders: Strongsville Real Estate - 08/30/08 02:16 PM
Posted by: CJ Harrington
Date: 08/30/08
Types of Mortgage Lenders
For More Information!
Check Out Our Website:
www.cjharrington.com
For FREE Buyer AND Seller Reports!
Or call my cell phone at 440.336.0612.
… (0 comments)
|
mortgage: Understanding "Reverse Mortgages" for Seniors age 62 and up, the "HECM" Government Regulated Refinance Option-Waterford, Michigan - 08/30/08 02:16 PM
Reverse Mortgages are an excellent way to access the equity in your home to pay off your existing mortgage and enjoy financial stability for your retirement years. You can use your proceeds for anything you want to; home improvements, pay bills, reduce debt or buy gifts for grand children.
With … (0 comments)
|
mortgage: Ted Lewicki is Awarded a Certificate of Appreciation on Behalf of Waterford, Michigan Homeowners, for Excellent "Mortgage" and "Insurance" Services - 08/30/08 01:39 PM
Waterford, MI-Ted Lewicki recently attended a meeting to discuss options for distressed homeowners in foreclosure or pre-foreclosure. He talked about one of his recent customers, a senior living on a very limited income, where her mortgage payment took a big chunk of her monthly income. "Seniors who are 62 and … (0 comments)
|
mortgage: Mortgage Application and Rental Income Guidelines: Conditions to Meet in order to Claim the Income from Rental Property - Waterford, Michigan - 08/30/08 10:22 AM
Rental income - Rent from boarders in a single-family property that is also the borrower's primary residence or second home may not be considered as acceptable income. For borrowers that intend on vacating their current primary residence, a copy of a lease agreement signed by proposed renters (this may be from … (0 comments)
|
mortgage: Sarasota Buyer Brokers Negotiate for You - 08/30/08 09:43 AM
As a buyer brokerage, our buyer agents do not tell people what to offer on their desired home. But we do offer as much guidance and information as we can, in order to make sure the buyer of a Sarasota home never pays too much.
A fallicy when writing an offer … (0 comments)
|
mortgage: Lender Basics: Six Frequently Asked Questions - #3 - 08/30/08 09:38 AM
Here is another FAQ about lenders.
3. Why do credit scores vary? And what do lenders like?
The three major credit bureaus are: Experian, Equifax and TransUnion. Credit scores will vary from bureau to bureau because each bureau puts different emphasis on different factors. Credit scores are calculated using a scorecard … (0 comments)
|
mortgage: Weekly Market Update 08/29/08 - 08/29/08 11:49 PM
This week we saw interest rates continue their rally over last so right now I recommending to "LOCK" because more than likely rates will go back up next week. The thinking behind this is that Gross Domestic Product numbers came out today at a reading of 3%. Optimally, we want … (0 comments)
|
mortgage: Mortgage du Jour: FHA - 08/29/08 06:39 PM
Our mortgage reporter, Rhonda Porter, on FHA mortgages:
I've been providing more and more FHA loans over conforming lately. It's really not too surprising. FHA pricing has been very competitive with both rates and mortgage insurance-especially if your credit score is below 740 and if you don't have 20% for a … (0 comments)
|
mortgage: Did you hear about the FREE Re-Pricing Alerts from TBWS?? - 08/29/08 06:36 PM
You know what I'm talking about right? Re-pricing alerts that are sent out before lenders change their rate sheets.
These typically cost between $50 and $150 per month.
If you go to www.TBWSRateAlert.com it's free. It's free for one year with NO credit card requirement at all to join.
The alerts … (0 comments)
|
mortgage: The address and numbers have been changed to protect the guilty! - 08/29/08 05:53 PM
I just received an e-mail form an Appraisal Management Company and here's what it said,
Michael, This is an order if we can get 295-299k need to know ASAP thanks
The address is,
9999 any street
Fort Lauderdale, Fl 33309
My reply to them was,
Hi,
I don't mean to be … (3 comments)
|
mortgage: Please help saveDown Payment Assistance - 08/29/08 04:39 PM
Good Afternoon, http://www.dpagroundswell.org/?redirect=1 click here to learn more about saving down payment assistance I have received a lot of e-mails and phone calls about H.R. 3221 The Housing and Economic Recovery Act of 2008. Among other things, this legislation eliminates Down Payment Assistance on FHA insured loans. Programs like the Nehemiah Program allow … (21 comments)
|
mortgage: FHA ANNOUCES NEW MORTGAGE INSURANCE PREMIUMS: Effective October 1ST Costs Go Up And Down - 08/29/08 03:53 PM
On July 14, 2008 HUD put into effect a risk based premium structure on FHA loans. This new structure allowed borrowers with better credit and lower loan to value mortgages the ability to pay lower rates, while riskier loans carried higher mortgage insurance rates.However, with the Housing and Economic Recovery … (0 comments)
|
mortgage: There are alternatives to forclosure! - 08/29/08 03:49 PM
THERE ARE ALTERNATIVES TO FORCLOSURE!
If you are behind on your monthly payments, then you should consider the alternatives to foreclosure. Foreclosure results in adverse credit and other financial difficulties. It becomes more difficult to obtain credit or another mortgage if you have a foreclosure history.
Forclosure results when … (0 comments)
|
mortgage: Mortgage Mess-Ups You can Avoid - 08/29/08 03:44 PM
Mortgage Mess-Ups You can Avoid
You may have done the proper research into everything that you'll need to know. But remember there are still mistakes that can be made. Consider the following when applying for your mortgage. Don't ignore your credit. It is up to you to find and fix … (1 comments)
|
mortgage: Got Money? SEO and Activerain Experiment Results - 08/29/08 01:35 PM
Thank you all so much for your comments and your subscriptions. My next post will be about the FHA changes, so please subscribe for that information coming soon to a PC near you.
Hope you all have survived another end of month! All of my loans are safely closed or at closing so … (3 comments)
|
mortgage: There are still 100% Mortgage Programs out There! - 08/29/08 01:21 PM
There are still 100% down opportunities for folks living in Virginia:
1. VA 100% loans for prior and active duty military
2. USDA provides an Urban Rural Development Program offers 100% down of the appraised value of property. This would be of particular notice for those that live in South of … (0 comments)
|
mortgage: How Active Rain got us on the First Page if you Search MSN for "FHA Destin FL" in 4 days! - 08/29/08 01:14 PM
I am new to blogging (I started last week, in fact!) but have a friend in the mortgage business in Tuscon who insists that blogging helps to get referrals. I'm a little (okay, a LOT) older than him -- In fact, my first grandchild was born 4 weeks ago -- but … (4 comments)
|
mortgage: Rate Lock Advisory - Friday Aug. 29th - 08/29/08 11:52 AM
Rate Lock Advisory - Friday Aug. 29th
Friday's bond market has opened in negative territory despite sizable stock losses. The stock markets in selling mode with the Dow down 145 points and the Nasdaq down 40 points. The bond market is currently down 3/32, which will likely keep this morning's mortgage … (0 comments)
|
mortgage: Latest FDIC Report - 08/29/08 08:43 AM
Every three months the Federal Deposit Insurance Corporation (FDIC) puts out "Quarterly Banking Profiles." Most investors have never heard of them. The mainstream press has largely ignored them. Even Wall Street traditionally pays them little heed.
But not me! The QBP provides a wealth of information about the state of the … (0 comments)
|
mortgage: Lender Basics: Six Frequently Asked Questions - #2 - 08/29/08 08:02 AM
Here is another FAQ about lenders.
2. When dealing with borrowers, what concerns lenders the most?
When dealing with borrowers, lenders' main concern is risk. Lenders proactively manage these risks by requiring four things from a borrower:
A. Down Payment - statistics have proven that borrowers who put down 10% … (0 comments)
|
mortgage: Where are mortgage rates heading??? - 08/29/08 07:21 AM
Check out the bond chart below. As bond prices go down (see the red), mortgage rates go up. As bond prices go up (see the green), mortgage rates go down. (please note, there are many factors that push rates one direction or the other, but mortgage rates do tend to move … (0 comments)
|
mortgage: FHA Financing Changes... - 08/29/08 07:13 AM
FHA financing is undergoing some changes as a result of the "Housing and Economic Recovery Act" or HERA. Here are a few of the major changes. *No more seller-funded Down Payment Assitance programs. Grants and gift money is still OK. *Buyer contributions will be increased from 3% to 3.5% *The recent credit-score … (0 comments)
|
mortgage: Recent Circle Pines MN Housing Statistics, Minnesota, 55014, National Real Estate Stimulus Program Participant - 08/29/08 03:32 AM
Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INCfor the period of July 1, 1007 through July 31, 2008.
Participant in the *National Real Estate Stimulus Program*
Buyers: Receive a CASH BONUS of 2% of the sale price up to a maximum of $10,000.00 after closing when … (0 comments)
|
mortgage: Hurry Up and Buy? - 08/29/08 03:15 AM
Not to be a downer but can you believe Summer is almost at an end???
be+DO=have "My greatest point is my persistence. I never give up in a match. However down I am, I fight until the last ball." ~ Bjorn Borg, tennis playerWashington has been busy lately. In one of the most … (0 comments)
|
