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Blog entries tagged with "government loans":
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Every time you open the paper or turn on the computer it seems like there is only bad news on the economy. The stock market is down over 35% over the past year, and home prices have also declined. In a recent survey it was reported that over 60% of Americans think … (5 comments)
We've all seen the papers about so many foreclosures, HUD foreclosures, bank foreclosures, it is definitely unfortunate, but it's also an opportunity for BUYERS.
CMHC Financial assistance takes the form of loans, forgivable loans or non-repayable contributions, and can be used to fund repairs, renovations, accessibility modifications, the creation of low-income rental units, and home adaptations. Programs are available for low-income households, seniors, and persons with disabilities.
CMHC Financial assistance takes the form of loans, forgivable loans or non-repayable contributions, and can be used to fund repairs, renovations, accessibility modifications, the creation of low-income rental units, and home adaptations. Programs are available for low-income households, seniors, and persons with disabilities.
... I made a mortgage loan to the brother of a guy I knew in passing. The brother was in a bind of sorts, though he had a ton of equity, never payed his mortgage late once in his existent, yet worked at a Pizza Shop. He couldn't quite prove all of his income. Ya … (41 comments)
The following article was written by Steve Cors, CEO of Superior Mortgage Corporation. It is one person's view of the mortgage market and makes some very valid points. 
I did an earlier blog on down payment assistance programs (DPA) and how they can be used to help first time homebuyers get into their first home, especially with the tie in to a FHA loan.
Members of the armed services and their veterans may wish to compare these loan types before making a finance decision.
Nehemiah will gift you up to 3% of the Purchase Prive for a down payment. The Seller must agree to participate in the program. Basically, the 3% is deposited by Nehemiah and it is deducted from the Sellers proceeds after the close of escrow. 
As if the situation hasn't been bad enough with all of the bad loans that have been given out on houses in the past several years, now government loans are also putting a jam on the current real estate market. After we have had several closings that have had to request … (3 comments)
I received an e-mail this morning from the Certified Mortgage Planning Specialist (CMPS) Institute proposing to Congress that they (Congress) bail out homeowners with negative equity by way of a loan equal to 20% of the homeowner's current value of their home.Gibran Nicholas, Chairman of the CMPS Institute said, "Negative homeowner … (0 comments)
I've seen so many mixed opinions over the recurring strength that FHA Lending Programs are having and gaining in the current market and oddly to me as a veteran of HUD's programs the majority of those opinions are negative! 
Well, the last 100% mortgage option has pretty much been taken away from us, and most others, in the country - as of March 31st. The Flex 100 has been discontinued.
last week the Treasure Valley was designated a "declining market" by 2 of the major mortgage insurance companies. I would expect the rest to follow. What does this mean?
Mortgage bond prices rose this week pushing mortgage interest rates lower. Trading was volatile the entire week. The Fed stepped in absorbing some of the oversupply of mortgage bonds. Inflationary pressures were eased with the consumer price index lower than expected. The financial markets were rattled a bit as the Fed and … (0 comments)
New Loan Limits released for FHA loans 
Over the past year we've been through a mortgage meltdown, a credit crisis, and a housing slump. This "perfect storm" has shook the mortgage industry to its core. Most lenders have dramatically tightened their guidelines, including the two behemoths, Fannie Mae and Freddie Mac, which are requiring a 5% down-payment in … (7 comments)
By, Gaurav Bhola, MSM 
How many of you have been in the business long enough to remember and even welcome government loans? Back before sub-prime lenders were ready to give anyone that was breathing a loan, government loans used sensible lending practices to help people that otherwise couldn't qualify. Well, if you are not accepting … (3 comments)
We have a shot, after many years of begging, to make some real advances in FHA REFORM, but we'll need the Senate and President's help. HR 1852 is currently sitting in the Senate Banking Committee, and according to my Senator ( Ms. Libby Dole who is on the committee) it might … (2 comments)
I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad, I'm talking about a bankruptcy … (0 comments)
First Time Homebuyers Seminar
First Time
Government loan programs
It's a scary market right now...foreclosures are still on the rise...those who were considering buying are teetering on the edge. Well...I'd like to provide you with some information on a few first time home buyer programs that cost little to nothing out of pocket...and are still 100% financing.The programs I'm sticking with … (6 comments)
Hey guys I just wanted to share my experience with you all. I went to a conference regarding government grants and loans. If you are thinking about starting a business or are interested in real estate investing it was very informative. It isn't free and I don't push other business because … (0 comments)