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Blog entries tagged with "loan":
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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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Investors buy direct as well as with a Real Estate Agent. How do they get a Better "Deal"?
(Pronounced: NEGH-ah-tive am-ohr-tih-ZAY-shun)
Negative amortization is the process by which a loan's principal balance increases on a month-over-month basis.
This is in contrast to a "typical" amortization schedule in which the principal balance decreases.
Negative amortization is an optional feature on some home loans.
These mortgages are usually referred to … (0 comments)
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)
Credit Accounts:
Financing Solutions
Someone sent me this today as an advertisement. I am not posting every single word, but this does make you think....
About the Author: John Occhi REO REALTOR®, successfully started an REO Team in Hemet, CA that quickly expanded to 3 agents and 2 admin members with over 50 REO properties under his direct control. He was able to keep approximately 20% of his assigned inventory in escrow at any given time … (4 comments)
JUST PASSING ON SOME MORE INFO:
As mortgage borrowers we have gotten ourselves into a pickle. We bought over our heads and pushed the envelope of creativity when it came time to get a loan. Accusatory fingers have been shaken at the loan officers but there are a lot of borrowers out there who inflated their stated … (1 comments)
Recently I had a very well qualified young couple interested in buying a home. They had a house to sell in another state so we were writing a ccontract contingent on the sale of their home in that state. They were easily prequalified for the home that they were making the … (6 comments)
Why are people so afraid of reverse mortgages? You can walk into any room and ask for people's ideas about reverse mortgages and you will hear words like "scam", "predatory", and "steal". Let me be the first to tell you that these feelings are not unwarranted. Back in the 1980's when reverse mortgages … (2 comments)
Tucson, AZ - FHA Home Loans are today's new subprime loans... We've been hearing this in the business since roughly August of '07 when the mortgage meltdown began to hit. I hear loan originators all the time comparing FHA lending to subprime lending; and based on credit scores some subprime loans … (2 comments)
Ok now that I have your attention, I wanted to touch on something I have been thinking about, realizing and practicing on a day-to-day basis. 
As some of you know, I work at a law office as a Paralegal/bankruptcy assistant and today was interesting. Potential client came in for a consultation. (By the way, my clients gave me permission to share this with everyone in this blog and encourage others not to be as naïve as they were). … (27 comments)
I really love this house, but it needs work...
Preparing for a economic slump will ensure you and your family come out on top. As news about the collapsing economy is disseminated throughout the nation, many consumers begin to take the necessary precautions to ensure they aren't left in the dust. Keeping your assets and investments in line throughout the remainder … (0 comments)
I was recently in an mls meeting and one of the bankers said that a lot of people are paying bills other than their mortgage. Wow, that blew me away! Cell phone, credit card, somewhere to live... it seems pretty obvious what the choice should be. Another thing that surprised me … (0 comments)
activerain,activerain,advertising,advice,agent,agents,blog,blogging,blogs,broker,business,buy,buyer,buyers,buying,buying a home, condo,condos,credit,education,estate,fha,for sale,fsbo,home,home for sale,home sales,home staging,homes,homes for sale,house,houses,interest rates,investment,land,listing,listings,loan,loans,localism,market,market conditions,market report,market statistics,market update,marketing,mls,mortgage, mortgages,networking,new construction,new homes,open house,property,real estate,real estate agent,realtor,realtors,referrals,refinance,relocation,remax,sale,sales,sell,seller,sellers,selling,sales,staging,statistics,success,technology,tips … (3 comments)
If you are currently in the market for your first home, you may be interested in how a real estate agent can help you. You are about to make a great investment of both money and time. I have a wealth of experience helping first time buyers like you make sound, … (0 comments)
I live and work in Southborough, Massachusetts. A beautiful town located in Worcester County and what is called the Metro West area of Massachusetts. 
Market Commentary
We are looking for Private Investors and Private Lenders who are interested in investing/partnering up with us. We have several deals in the works and are actively looking to raise funds for these projects. Please visit our website at www.SmartHomeSalesLive.com or contact us at John@SmartHomeSalesLive.com 
At the beginning of April both Democratic and Republican leaders reached agreements to try to get a multibillion dollar package to address the increasing foreclosures and other problems stemming from the worst housing slump since the Great Depression.
Freddie Mac will finance $10 billion to $15 billion in jumbo mortgages from big lenders in an effort to jump start the frozen higher-priced housing market. The move was expected since Congress changed the rules allowing government-sponsored corporations, Freddie and Fannie Mae to purchase mortgages to $729,750 in 224 high-cost markets. This should allow … (2 comments)
Deciding how much house you can afford
I want to share a story with everyone: 
April 2008 Mortgage Market Conditions in Mississippi
Last week, I wanted to show to one of my clients the different options he can choose when selecting his loan and then it took me back to the days I started in this business.
Values are down. Interest rates are down. The first statement is tough when trying to sell and great if you want to buy. The second statement is great for everyone! Well, almost everyone. OK, that's it, that's my article, have a nice day!
Scam artists do not look or act dastardly. In fact, they are nice friendly people who seem trustworthy. They are well dressed, look nice and are genuinely likable. This was the message that Stella Ling, senior council with the California Association of Realtors (C.A.R.) had for the audience of the REFAT Industry Outreach Foreclosure Scams … (1 comments)
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
There are currently as of today 61 properties that are available with a foreclosure classification. These Properties range from 72,000 to 3,442,900. 
It's sunny again, and the snows of yestrday are only on the lawns. Welcome to April in Colorado. things look greener wrapped in a whit frosting, and the crisp air makes me move a bit faster, dressed in my signature cargo shrots, Hawaiian shirts, and Crocs. I love the chill that … (0 comments)
Recently, in the past 12 months or so the Raleigh area has had many sellers scratching their heads when they are not getting asking price and they are parting with their refrigerator, TV and other personal items written into the contract by the buyers. It is called a buyer's market and an issue associated with this, which is … (2 comments)
As a real estate professional, I view every person in our industry as a professional until that person breaks that bond or that impression. 
What is the best way to approach someone about a 'Reverse Mortgage'? I have spoken to several people and they are very interested, but I was not the initiator of the conversation. It's kinda hard telling someone "hey, you look 62 or over, how much equity do you have in your … (3 comments)
Many have been reporting that the age of the no-down-payment loan is dead.
Refinancing may seem like the logical next step. It may seem like the only way for you to save money and avoid frightening rate increases. But, that may not be the case. Refinancing may actually, depending on your situation, provide you with no benefit, costing you time, money and trouble that … (0 comments)
Currently we have many folks who are facing short sale/foreclosure who want to keep their homes but can no longer afford the new payments, so they come on the market as short sales/foreclosures. With each one of these cases coming onto the market, the overall situation only gets worse for the … (4 comments)
Holy Pop-Culture Reference Batman! Growing up in the 80's and 90's I grew up watching many different versions of the Dark Knight (aka Batman). From Saturday morning cartoons, to the movies of the Caped Crusader in the 90's to his recent emergence thanks to Christian Bale and the Kids WB, I've … (0 comments)
The St. Louis Real Estate Market for the first week of April continues a fairly flat performance so far. We are still seeing a small increase in active listings, and a small increase in homes sold, however, our pending ratio has dropped by more than 1 percent this week. With the … (0 comments)
What is the number one thing needed to get your home sold? Money. It is that simple. Now I am sure that you already knew this but it is worth pointing out for a few reasons. How many home flyers and advertisements do you see that tell you all about … (0 comments)
Here is why buying your first home will put you on the fast track to riches.Homeownership comes with alot of financial perks! All of the interest in a mortgage payment adds up to be about 75% of total payments made and is completely tax deductable. Owning a home tops the list of dreams for most Americans,and for … (3 comments)
Residential and Commercial Mortgage is your source for ALL Hard Money Loans. With over 15 years of experience in all areas of lending including hard money lending, we are able to offer specialized loan programs to fit everyone from corporations to individuals ranging from $100,000 - No Limit. Our team has … (0 comments)
The current mortgage world is truly a stormy sea. Rates rise and fall in nauseating waves. Loan programs crash and splinter like wayward boats crushed against rocks. Promising policy announcements turn out to be like false sightings of land after queasy months in the open ocean. As a home buyer, a … (0 comments)
Places in Texas
One of the most important steps in purchasing a home is determining how much home you can afford to buy.
Is a buyer who is borrowing $450K to purchase a house going to get into a jumbo loan at jumbo rates, or a conforming loan at conforming rates?? The answer will surprise you.
I know you're still listing and selling homes in this tough market (we're still arranging loans), and I might be able to help you to better compete for those next listings, as well as generating a some buyer leads.
REOs
Buying
an REO in Simi Valley or Moorpark?
I have
bought two in my lifetime. Probably more down the
road. Now that this will be a more regular course in our
business
for a while,
here are some of the
important issues to consider when purchasing an REO.
Who … (5 comments)
Have you ever noticed that certain things always come or go in cycles? It's funny, but certain questions also seem to come in cycles, too. 
There has been some talk about these two programs lately. I'm actually surprised that more people don't get involved in the FHA rehab loan. It seems like in todays market place with so many bank owned homes that need some serious TLC, an FHA rehab loan would be perfect. This blog … (7 comments)
… (0 comments)
Banks Are Throwing Properties Out Like Trash...For Pennies
Once people know that I am a Loan Officer the very next thing out of their mouth is "What's going on with Interest Rates ". This is a hot topic that has no easy answer but demands some sort of answer and here is mine. 
TO ALL OF YOU WHO ARE IN SOME WAY IN REAL ESTATE MARKET HAPPY EASTER
So I took some clients to auction today, of which we stood in the cold as usual due to a law created in the eighteen hundreds. Which for the first 30- 40 minutes we listened to the trust company read off a huge number of home that the auction was postponed … (1 comments)
I've had a lot of questions here lately regarding mortgage rates; where they are going, why they are moving up or down, how the Fed rate cuts are affecting them, etc. It seems there is a lot of misinformation out there that we need to clear up, sooooo....... here it is; … (5 comments)
"Predatory" lenders engage in illegal and unethical practices that put people's homes at risk. Here are a few of the practices that borrowers should look out for, according to the government: 
I am looking for the foreclosure contact information for Soundview Home Loan Trust. Is there anyone who can help me?
For a little background, HUD offered temporary FHA loan limits that will range from $271,050 to $729,750 (Limits). Overall, the change in loan limits is designed to help provide economic stability to America's communities and give nearly 240,000 additional homeowners and homebuyers a safer, more affordable mortgage alternative. The maximum amount of $729,750 will only … (3 comments)
The FED cut the Fereral Funds Rate 3/4 of a percent, to 2.25% today, in an effort to avoid a recession. With lower rates consumers are encouraged to spend and borrow more.
NEW Conventional Conforming Plus Product