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Blog entries tagged with "financing":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
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Corp. takes no responsibility for the content in these profiles, that are written by the members
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2b. Down Payment
More than likely if you have ever bought or sold a house or land you have come across the term "contingency". The definition is an event that may, but is not certain to occur. In Real Estate, a contingency basically says "if this does not happen" then my offer is withdrawn … (3 comments)
Having a pre-approved mortgage will give you the confidence of knowing exactly what you can spend on a home, BEFORE you start looking. Having a pre-approved mortgage will also protect you against interest rate increases, while you're looking.
As 100% financing options are becoming a thing of the past in the conventional financing market, FHA is becoming a more prominent financing mechanism for people buying a home in the St. Louis Real Estate Market. Some of the reasons people typically do not want to use HUD financing is they believe … (0 comments)
What You Need to Know About Your Credit (FICO) Score
I am sorry in advance for this out burst!!!!!! What ever happened to being a true professional? I have been dealing with a poor excuse of a Loan Officer.... 
100% Financing on a Single Wide! 
As you know there are going to be changes with FHA. Below is some infromation on the changes with the upfront mortgage insurance premium (UFMIP) and the annual mortgage insurance premium (Annual MIP) for 30 year terms. They will now be based on the credit score and loan to value. The … (0 comments)
What Interest Rates Really Mean 
Wheather you are a Business Owner or a Commercial Realtor working with commercial buyers, it makes sense to get Pre-Approved for your Commercial Mortgage.
So how many times does the builder throw in the washer, dryer, and fridge? Did the anyone stop to think that NOTHING is free? You ARE paying for that somewhere along the way. So if you were to take that off the price of the house, would it be significant? No, probably … (4 comments)
By IEVA M. AUGSTUMS, AP Business Writer 5 minutes ago CHARLOTTE, N.C. -
We have seen a lot of information circulating about the state of our real estate market and the mindset of lenders. Most of the news has been negative, which creates a fearful homebuyer and homeowner. The reality is that there are still many viable options to purchase a home a great … (0 comments)
It's not just a few people...
So you think you’re ready for your own piece of the American dream – ready to have a place you can call your own? Maybe you’ve had it with the noisy people in the apartment above you. Or maybe you’re tired of writing out rent checks month after month and you … (0 comments)
I would make lots more money by telling you to refinance right away but I am going to suggest the following instead. Is your mortgage interest will be adjusting in the next 6 months. If you are one of the many people who bought at the height of the market and your … (0 comments)
Since the real estate is rented or leased, and in some cases co-operative shares, it's difficult for lenders to use anything but the mobile home itself for collateral. And even then, if a foreclosure was to happen how could the lender go into the park and collect their home? What would … (0 comments)
Today I talk about what I have been seeing and hearing in the real estate market. There is a lot of fear about buying property because values are still dropping and yet when you look at the facts, homes are on sale, interest rates are still at historic lows and money … (1 comments)
Do you have a lender who will lend on a mobile home in a mobile home park? If you do, please contact me ASAP. Thank you.
Please join us either June 4th or 11th
Call for reservations 6:30pm to 8:30pm 469-429-0160 Leave name, number and DATE!
Refreshments will be served.
Click here to check outThe Frisco Real Estate Buying!
See you there!
… (1 comments)
Yesterday was a big day! Freddie Mac jumped on board with Fannie Mae and is also eliminating the Automatic Reduction in Loan To Value (Downpayment requirements for purchases) effective June 1st. If your property was located in a Declining Market prior to June 1st, Lenders were requiring additional down payment of … (6 comments)
Are you looking to buy a home in Orange County at or under $725,000? Have good credit and decent income, but no money down? You should think about FHA financing before the loan limites are adjusted back down.
News about the current state of the mortgage industry can be unsettling for those of us who make our living in this business. This challenging time has brought about greater than usual media coverage of our sector, including coverage about Countrywide.
This will be short and sweet! As you may be aware there is currently no bond money available in our area. However, I have a lender partner that has a little (and I mean a little) bond money left. If you or anyone you know is in the market to buy a … (2 comments)
Everyone knows the jumbo loan market has been out of whack for nearly 18 months. "jumbo" loans, those amounting to more than $417,000, took it on the chin when mortgage investors stopped buying subprime and alternative loans. For that reason, jumbo rates can be as much as 1.50 percent higher than … (0 comments)
Rate Lock Advisory - Sunday May. 25th
The slumping housing market, home foreclosures, and mortgage companies who have closed their doors were headline news for the last quarter of 2007. As many have read the articles and wondered how this situation could happen, let's take a look...
"There are several variations of the auction form including time limits, minimum and maximum limits on bid prices and special rules determining the winning bidder and the sales price.
Financing Your Hawaii Dream ~ Lisa Ledesma at Wells Fargo on Kauai 
Some people are unable to close a transcation. Buying a house is getting difficult? In the past lenders offered loans to borrowers with not so good credit and lower incomes, borrowers were able to buy a house, lenders were making a lot of loans, borrowers bought a house by getting a subprime loan; … (5 comments)
Motorcycles have always been a main source of transportation throughout Europe, and now motorbikes are increasing in popularity in the States as well. Motorbikes are less expensive to maintain than most automotive vehicles, and they usually consume less gas as well; with today’s rapidly increasing gas prices, motorcycles are becoming more … (6 comments)
Did the rate on your mortgage adjust recently? Did you fall behind on your payments after the rate went up? Then you might be eligible for the FHA Secure program. FHA Secure is a program signed into law by President Bush in 2007. If you are on an adjustable rate mortage and … (0 comments)
When you are trying to refer someone in another state through activerain, what do you look at on their profile? Do you look at their activity, what they have to offer, their beliefs, their testimonials? I am just curious because I am referring people who I can't help to others and … (3 comments)
Current Church loan Rates
I don't want to sound like a broken record, but with the current status of the economy, job losses, rising gas prices, shaking real estate market, and lots of financing institutions going belly up, it bears repeating the benefits of FHA financing.
As is all too common, I let work and life's distractions pull me away from posting to this blog recently, for which I apologize, but I'm back with renewed commitment and enthusiasm. Just to catch you up on what's been happening with me, in March, I made a very typical Coloradan … (3 comments)
With most if not all of the conventional very-low or no down payment programs having evaporated with the sub-prime mortgage mess, how do first-time buyers with reasonable credit who can make payments but have very little up-front cash get into a home? The answer may, or may not be the FHA … (6 comments)
So, I don't know if anyone watches this show but, it has seriously disturbed me. Not only has she said tonight on tv that people should finance their credit card debt and other unsecured debt into their houses but, she has also crapped on people who are having finacial problems. She … (12 comments)
So, you're considering putting an offer on a house - you love everything about it except that it needs a new roof and the kitchen is pretty tired and after you pay your down payment and your closing costs, there's not much left in your wallet but moths and lint. 
FHA Purchase Updates
What interest rates really mean 
I am looking for Lenders who will deal with low scores, not so perfect credit and not a lot of money to put down. If there are any lenders who matches this criteria, please email me and let me know some of the programs you do offer. 100% financing is another … (0 comments)
I read this article and thought you would find it interesting and very appropriate for today's market. I will restate something that is stated in the article below...Now is a great time to buy. There are some people that feel they should wait to see if homes prices will come lower. … (9 comments)
The Fed did this! The Fed did that! Rates are up! Rates are down! Aaaagggh! Okay, now exhale. In turbulent economic times the media can't wait to report what interest rates are doing. Pundits prognosticate, forecasters forecast and soothsayers sooth. When should you buy a home based upon interest rates and … (0 comments)
According to an article in today's Wall Street Journal, lending standards are tightening across all asset classes: The Federal Reserve's survey of banks' senior loan officers, one of the most closely watched gauges of lending practices, found that the credit crunch is widening. The proportion of domestic banks tightening their standards was … (0 comments)
If a move is in your future and you can’t decide between buying and just leasing for another year, I have the answer for you: rent-to-own.
… (0 comments)
Here's a big question...is a modular stick built home that is NOT built on a frame, but trucked in on a flatbed in pieces considered a modular home or a single family home? Last time I asked this, I got a huge debate from a few people. I just asked my in-house lender, and … (5 comments)
Gosh, this is really going to be one of these days... Here's the story (and it's all true). After years of resistance I finally made a break and won him over. He never really liked to work with realtors but somehow got to like me (it only took me six years … (3 comments)
You've watched the news and read about it in the papers. You know, the "credit crisis" and how buyers need 20 percent down in order to buy a home? And even if you found a buyer with 20 percent down, lenders aren't making loans anyway. So, why bother, right? Wrong!
Pre-qualifying for a mortgage allows you to visualize the monthly payment and costs incurred with home buying. It's during this process that a loan program is chosen to best fit your needs. How do you begin this pre-approval process? Simple, with one stress-free phone call. To help you even further, I have … (0 comments)
Financing Solutions with David Reed
Financing Solutions
My Loan Closed Today, Inc. has hard money available in the City of Detroit and surrounding areas. If you are in need of purchase and rehab money, we are the place to go. Even if you already own the home, we can help do a hard money refi. Below is the … (0 comments)
Do you have an email list of clients, friends and acquaintances with whom you make contact on a regular basis?
HAPPY FRIDAY ALL-- 
… (0 comments)
Apartment Financing
Have you been told by another agent or a lender that you make a good salary but need more money down, or dont have the best credit and cant get financed. Well maybe if you are going through a conventional loan, but FHA rules and guidelines have changed greatly. If you … (4 comments)