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no pmi: Features & Benefits of Portfolio Loans - 01/27/12 06:56 PM
Portfolio loans can be a powerful alternative to many common lending restrictions of the mainstream - Fannie Mae, Freddie Mac, FHA type programs. Because portfolio loans are retained by the lender and are not sold in the secondary market, lenders make their own, common-sense rules, specifically to offer alternate solutions. Below are the highlights. /// In the next issue, a summary of the stipulations for converting a property from owner-occupied to non-owner occupied. /// Comments, questions, service? Contact me. – Paul Luykx, Mortgage Banker (What's a Mortgage Banker?) Portfolio loan features/benefitsThe list below is incomplete because a portfolio loan can be "a fit" in so many unique circumstances. As you … (0 comments)
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no pmi: FHA, Conv, Portfolio (No PMI) comparison - HomePath incentives extended - 06/14/11 06:47 PM
FHA, Conventional, or Portfolio? Today I worked out the options for someone, and I thought I'd share it with you. With the increased cost MI, porfolio can make sense! (See below). /// Portfolio loans are now also available for investment, 1-4 unit properties. Great! /// HomePath is extending buyer incentives (See below). - PaulFHA, Conventional, or Portfolio?
HomePath buyer incentives extended- Initial offers must be submitted on/after June 14.- Primary residences only- Sale must close by October 31- $1,200 bonus available for selling agents - http://www.homepath.com/
_________________________________"Act as if what you do makes a difference"
William James
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no pmi: 30-yr at 5.05% - Heloc to 85%LTV again - Avoiding PMI - Seller Concessions - 02/11/11 07:34 PM
30-yr skirting 5%. ARMs are well priced.The 30-yr fixed crossed the 5% mark this week, and the trend is not reversing for now. ARMs are relatively better priced. Check the rates. /// Why do we use seller concessions again? (See below) /// 85%LTV helocs and seconds are available again! - PaulSeller concessionsThe mere mention of a SC used give rise to a healthy dose of scepticism.Yet, they are (always been) allowed by virtually all mainstream mortgage programs. FHA announced an intention to at least partically eliminate SCs last year, but so far nothing has come of it. Why a seller concession?
1. Reduce the cash … (0 comments)
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