| |
portfolio: 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)
|
portfolio: Buyers bypass the traditional mortgage process - 06/28/11 09:19 AM
Keep your eyes on alternate financing options. There is now a clear trend. Two types to keep your eyes on: Portfolio loans, and mortgage-secured investment (investors who will provide financing and get interest PLUS profit share, mostly for fix and flips). - Paul Buyers bypass the traditional mortgage processFannie Mae chief economist Doug Duncan believes cash purchases of homes will continue at "quite high levels" for the rest of this year as investors and even some homebuyers bypass the traditional mortgage process. Read.Mortgage-secured investmentsThe trick is buying for a good price AND being able to sell at a below market price AND being able … (1 comments)
|
portfolio: 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
… (0 comments)
|
portfolio: A must read: New risk premiums will drastically increase the cost of borrowing - 01/16/11 02:35 PM
You are not going to like this! Fannie Mae Loan Level Price Adjustments (LLPAs) are going up effective April 1st, 2011, drastically increasing loan pricing. See below. /// There is another Fannie initiative that can increase the cost of borrowing. Borrower credit will can be re-examined prior to close. This can raise the rate - or worse: result in a decline! (I am not making this up). I will write more on this next week. For now impress on your buyers to not to increase their debt, nor apply for credit anywhere during the home buying process! /// Make it a good week folks, and don't forget to send me … (1 comments)
|
portfolio: Portfolio loans - Rates - FHA refi's: No appraisal or income qualification - 09/11/10 11:03 AM
Portfolio loans represent powerful financing options. Because they are held in house they do not need to conform to Fannie Mae, Freddie Mac, or government (HUD, USDA) criteria many common limitations do not apply. See below. /// Rates were up a bit this week. Rate summary below. /// FHA refinances without appraisal, and no closing cost options. See below. - Paul Portfolio loans
The pricing of portfolio loans is reasonable and also heavily Fico dependent. Here are some of the unique features of portfolio loans. - Fixed rate, ARMs, HELOCs, Jumbos - Up to 90% LTV without mortgage insurance - Up to $900K loan … (0 comments)
|
|
|
|
|
|
Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.
 Listings
Links
Archives
|
;)
;)
;)
