mortgages: New HAFA Program Explained - 04/20/10 12:48 PM
So, I sat through a three hour "short sale seminar" taught by Bank of America yesterday, wherein I had hoped to get detailed information on the new Home Affordable Foreclosure Alternatives (HAFA) program - which was implemented April 5th - and the ever-changing short sale process.  The presenter however, just kept reiterating in so many words how BOA sucks less now than they used to because they are using a new organizational program for short sales called Equator, meanwhile saying he wasn't going to get into details.  SO, I decided to research the details myself so I could bring them to … (1 comments)

mortgages: New FHA Condo Building Approval Process - 03/15/10 11:56 AM
Previously, if a condo building had not already been pre-approved by FHA, the FHA buyer would have to go through a "spot approval" process, wherein the particular unit the buyer wished to purchase would be cleared for FHA financing.  Recently, FHA did away with the spot approval process, causing many buyers (and even agents) to think that if a building is not already pre-approved with FHA, then a buyer cannot use FHA financing to purchase within it.  That is incorrect, however, and the new process may even be MORE beneficial to FHA buyers.  Here are the new guidelines:There are two ways … (3 comments)

mortgages: 100% Financing Available for Veterans - 01/06/09 08:54 AM
Our mortgage parnter, Prosperity Mortgage, is now offering 100% financing for veteran's up to $625,500!!!! For sales prices over $625,500 the downpayment is 25% of the amount over $625,500. Provide us with a certificate of eligibility from the Department of Veterans Affairs for this fantastic loan program! Call me today for all of the details.

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mortgages: Real Estate Potentially Set to Rally - 12/01/08 11:40 AM
The Nov. 25 announcement of a Federal Reserve commitment to purchase $600 billion of mortgage-related debt from Fannie Mae, Freddie Mac and the Federal Home Loan Banks put immediate downward pressure on U.S. mortgage rates. Bankrate Inc. reports that average interest on 30-year fixed loans dropped to about 5.5 percent on the news, falling from 6.38 percent at the start of the day. According to Bankrate's Holden Lewis, the slide represented the biggest one-day decline in at least seven years. The lower borrowing costs will especially benefit homeowners who still have enough equity to refinance, said Quicken Loans chief economist Bob … (0 comments)

 
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Shari Walker (LICENSED IN DC, MD, & VA)

Washington, DC

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Keller Williams

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