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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
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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I showed property this weekend and amongst the properties I showed to my client were a couple of short sales. I also had occassion to check a property which I previously mentioned in an earlier blog. 
Rural Development loans are available to more people than you may think. Here are some basic guidelines:
¨ 100% Financing- no down payment required
¨ Closing costs may be included in the loan up to the appraised value AND no limit on seller contributions.
¨ NO PMI or MIP
¨ Cannot exceed 41% total debt to … (1 comments)
For those of you who own your home, celebrate!!!! And for those of you who still rent, don't fret, there are options for you. Contact me for your mortgage options - 910-228-7639 or SWinn@ShorelineFunded.com and contact Barbara Earley at Exit Homeplace Realty - 910-367-2381 or BarbaraEarley@RealExit.com. Barbara will find your Dream Home … (0 comments)
Long, long ago in a market far, far away, many people in my industry would track the 10-year treasury to determine mortgage rates for their clients on a daily basis. Rates, as I'm sure you're all aware, change daily, much like the stock market. Typically(it's hard to say typically anymore), the … (0 comments)
I just wanted to extend a welcome to Gary Rosenberg of International Mortgage. Gary is a mortgage broker in my community of Paia. He assists clients throughout the island of Maui. With current financing uncertainties, it can help to have a lender like Gary in your quiver. He has relationships with … (9 comments)
Fannie Mae and Freddie Mac's quasi-government status has always been a sore point for free market investors. It now looks like the biggest buyers of Mortgage-Backed Securities are pulling back from their stated purpose as organizations.
Typical Loan Closing 
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 for homes in 55+ parks on … (0 comments)
What if I told you that the human mind is so powerful, that if you thought hard enough you could transport yourself. You would probably tell me to stay off the sauce... joke. In all seriousness, consider this: there isn't any technology, architecture or otherwise, that didn't begin with a single … (4 comments)
So you got an offer on your house. You like the price but what is this about ‘seller to pay 3% of purchase price towards buyer's closing costs?' Basically the buyers are asking for you to pay the expenses that they will incur in purchasing your home. These can include costs … (0 comments)
I just found about a lending organization called the Neigborhood Assistance Corporation of America (NACA). They just opened an office in Denver, so the Denver Post featured them in an article last Sunday. This is a new loan program backed by Bank of America and Citigroup, that's trying to keep people … (0 comments)
Arrived at a closing on Monday with my Seller, and the Buyer arrived with out a Cashiers Check for her 11K+ Funds due at closing. hmm! she wasn't told by her agent or her lender what the requirements and expectations were. The Buyer had to leave and go to the Bank, … (12 comments)
Many times Buyers need to increase their Credit Score before purchasing a home.Below are five simple methods that can help ......
In a constantly changing market-both real estate and lending markets, I am constantly having to find new sources for loan approvals. It is getting almost impossible to get a mobile home financed at a rate and down payment the buyer can afford. Most buyers in our area seeking a mobile home, … (4 comments)
I just came across an interesting article in yesterday’s SJ Mercury, Square Feet, which reports on an innovative program in San Mateo County called “HEART” that funds first-time home buyers. To qualify, a buyer must have a household income less than $150K, a FICO score of 680 or higher, and the … (0 comments)
When working with your buyers, they may be shy of meeting all the financial requirements to purchase a home. Here are sources and strategies that may help.
I'll bet with all the financial crunch you thought that the 100% financing was a thing of the past. But I know a way that you can still get a home with zero down and zero closing cost. Check me out on the web at www.therogersrealtor.com see some of the listings … (0 comments)
I get this question all the time, and there's a lot of misinformation floating around out there, so I decided to get you some clarification. This is as of 8/1/08.
I have been using this product more and more often lately so I thought I'd put it out there for everyone to see!
Simply put, your income does not affect your credit score. Whether you make 30k per year or 200K - you may share the same scores.
Every week it seems there is some I get news from the mortgage markets to make it more difficult for people to buy a home. In this entry I don't have good news with this regard, but I just wanted to remind people of option that is availble still but has a deadline.
In recent weeks, the owner of the real estate company I work for has had several people come in wanting to buy homes. They had taken no action to secure financing, but they wanted to buy houses.
When customers come to us looking for a home, we want to know what they can afford before we invest a lot of time in working with them showing them product that is beyond their means.
I spend a few minutes each day answering real estate related questions online by email or on websites set up for the public to ask questions and receive responses. I've noticed similar questions tend to come up and sometimes I know I've answered it before, but can't recall where. There … (0 comments)
The above chart shows the completion of the last real estate cycle with the bottom occurring around June, 2008. There can be some residual downside but for the most part the bottom has been set for Ventura County.
Hi Everyone,
As a buyer, you may find yourself drifting on an ocean of financing options. As lenders tighten their requirements, there are a few aspects of the loan application of which you should be aware before applying for a mortgage.
This is an AMAZING program that will give buyers what they need in closing costs, out of pocket expenses(ie...home inspection) and actually might have something left over for them to leave the closing table with. 
Estimated rates for the week of August 4, 2008
Here are a few rules when considering an FHA loan.
We have available a summary of the first time homeowner benefits included in the 2008 Housing and Econmic Recovery Act. Please e-mail diane@BoykinTeam.com and we'll be happy to send you the details.
I have been a Loan Officer for the past 4 yrs. and have been running a Mortgage Branch for the past two years and haven't been charging my clients (Referrals) a application or Credit Report Fee. These clients are Rreferred to me by my Network of Realtors here in the Houston Area. I … (1 comments)
Google Maps has revamped their driving directions and has added walking directions (Beta). The following screen shots will show how this valuable tool is used by me to map out the houses I will be showing my clients.
RENOVATION LOANS
Linking Buyers to Builders
This is a follow up to a post that I wrote a few weeks back regarding Vancouver, Washington real estate client of ours who called to talk about listing her house for her.
According to a mutal Rain colleague, Chase eliminated the non-conforming jumbo's. This stinks! The Hampton Roads area of Virginia is where Virginia Beach is. We have many waterways...the Atlantic, Chesapeake Bay, James River, York River, Elizabeth River, Nansemond River and so on! We have water everywhere. My point is, we have … (0 comments)
There has been a lot of talk about Down Payment assistance programs being taken away. In fact, many people are confused as to what these programs are... Most people realize that lending guidelines are changing at a pretty crazy pace. We have gone from, if you have a pulse, you can qualify; … (3 comments)
If McDonald's started closing down locations - it would most likely signal that something was wrong in the fast-food industry.
US Budget deficit expected to top $500 billion As reported by ABC news jul, 29,2008 , The United States Government estimates its budget deficit will soar to a record half a trillion dollars in the next fiscal year.
First of all, let's talk rates. Here's a graph of the National Average Contract Mortgage Rates for the last 45 years.
Copyright © 2008 Mortgage-X.com
Source: www.mortgage-x.com
Reprinted with permission
If someone tells you that "rates are kinda high these days", just grin and nod. Many of my friends , family … (6 comments)
I previously asked you how do you feel about lease option to purchase(s)? Today, I received a call from a very well respected agent that showed one of my listings. Her buyers were interested but only in a lease option for 12 months. So the natural questions come up...why do they … (3 comments)
So, I don't know if I should be looking for divine guidance here...or...ok, I should always be looking for divine guidance, but I could use some more advice on this particular point...Here goes:
Although some renters believe that renting is "maintenance free," they are actually paying for maintenance in their rent - whether they need it or not. Renting offers you no equity, no tax benefit, and no protection against regular rent increases. If you're paying rent, you're really just paying someone else's mortgage. … (0 comments)
It's true. There are lots of reasons that buying now is a good idea when it comes to real estate.
This question seems to be on everyone's minds these days.
Honestly folks, I have seen alot of loan programs come and go, and not surprisingly, some crashed and burned. Through it all however, FHA has been a viable option for buyers in all kinds of financial situations for a variety of reasons. During that time however, it's been somewhat stigmatized as … (3 comments)
First Horizon Magnolia Presents...
On July 9, the Department of Finance announced that it will no longer offer 100% financing or 40 year amortizations. You will however be able to obtain mortgage loan insurance for amortizations of up to 35 years and up to 95% of the value of the property. So, if you were … (0 comments)
As stated in one of my earlier post, the area approved for Rural Development or RD Loans was expanded after the hurricanes to included parts of East Baton Rouge parish. However, what I was not aware of until recently was that this included parts of actual Baton Rouge! If the home … (0 comments)
All you need is 3 alternate tradelines such as phone bills, rent receipts or any type of bill in your name showing that you have paid on time in the past 12 months. Its better than having bad credit. I am a realtor and also work with a direct Bank. It … (0 comments)
As we progress in 2008 there are two weaknesses that need to be addressed in our housing market by the real estate agent. Simply put there are too many homes for sale and fewer mortgage products. This reality can be addressed by strengthening each weakness at the same time.
All the turmoil in the mortgage industry has definitely made the process of financing a home seem a little scarier. But the truth is, it doesn't have to be. Although lenders are tightening their belts a bit, being more selective about who they lend to, and more closely evaluating the risk factors involved, they … (0 comments)
I just helped a veteran buy a single wide mobile / manufactured home with 100% 
I imagine everyone has heard about the wonders of the "new" FHA loan program ... but maybe not!
Have you ever asked yourself that question and are still wondering the answer? Well, there is a simple answer and you should use it with your clients consistently to act in THEIR best interests..even if you don't sell them a home. You dont have to be a lender to figure this … (1 comments)
Your Sellers want to sell and the Buyers want to buy...so how do we get together in this economic time???
199 Preston, Waterford, Michigan 48328
What is it about this business that makes everyone have a chip on their shoulder and an attitude to match? I have been doing this business for over 25 years full time, own a company, wrote and edited a book on real estate finance, and have been a college real estate … (8 comments)