loan: 2003 Forest Hill Cv Round Rock, TX 78664 - 09/04/07 02:10 PM
Round Rock Property - 2003 Forest Hill Cv
List Price$ 264,900
Year Built: 20013 bedrooms, 3 bathrooms2,932 square feetSingle Story2 car garageRound Rock ISDLocated on a cul-de-sac Exterior construction: All Sides Masonry For more information on this property contact Brian Childress at 512-922-6425 phone or on his website at:
http://www.buyaustintxrealestate.com
Brian is … (0 comments)
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loan: Florida Mortgage | Fixed Rate Loans with Interest Only Option - 09/04/07 09:43 AM
Adjustable Rate Mortgages (ARM) are not very unpopular right now thanks to the media bashing them. To make things worse, they currently (August 31, 2007) have higher rates than Fixed Rate Mortgages. This poses a problem for people that want a lower payment but now are demanding the secure rate of a Fixed Rate Mortgage.
The answer to … (11 comments)
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loan: Get Smart - Mortgage Professor Site - 09/02/07 11:56 PM
Read any good newspapers or periodicals regarding the credit meltdown. and subprime mortgage woes?
Want to know what all those theories and terms mean? Well fret no more! Just mosey on over the the Mortgage Professor Web site and get educated.
The Mortgage Professor's Web site: http://www.mtgprofessor.com/ contains numerous resources to make you, … (1 comments)
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loan: What to Look for in a Real Estate Loan - 09/02/07 09:05 PM
When you decide to buy a house, one of the first tasks is to talk to a couple lenders and choose which lender & loan is best for you. With all the loan variables, it's tough to compare one lender to another. In this blog, we'll go through each of the … (0 comments)
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loan: FHA Loan - 09/01/07 05:07 PM
An FHA loan is a government insured loan that was instituted to assist buyers with minimal cash to purchase a home and first time buyers. An FHA loan is a great way to go about buying a home because there are flexible financing guidelines for first time buyers, including minimal down … (0 comments)
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loan: Subprime mortgage blame game continues - 09/01/07 04:43 PM
Hardly a day goes by without some media outlet calling together a panel of mortgage experts who then will go back and forth about who to blame for the current subprime challenge. It still appears to be one of the favorite topics in the world of business broadcasting. And could be … (10 comments)
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loan: Short Sale real estate, Dallas Real Estate, pre-foreclosure, foreclosure, homes for sale, loan, credit repair - 08/30/07 10:16 PM
Contact our office if you are working with a bank owe more than what the house is worth. It takes a professional real estate agent who can work with a bank. We offer these services. visit our website for more information http://www.lynn911.com or 972-699-9111 email: 911@lynn911.com
short sale (of house)
A … (0 comments)
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loan: Florida Mortgage | The Lending Crisis and Advertising - 08/30/07 08:45 PM
Right now, pretty much anyone in Residential Lending is on the hot seat. Government Oversight is the demand du jour to rectify the problems in the current economy. The problem is that there is no fixing the people that are already hurt in their credit... and there is a Teflon sheen … (5 comments)
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loan: To Release or not to Release - Loan Contingency and Failing Lenders - 08/30/07 04:12 PM
I don't know about you, but the turmoil in the loan markets has got me scrambling to be sure all of my clients are with credible lending institutions. I'm double and triple checking that I've got written proof that they are approved by at least one leading lender who is not … (6 comments)
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loan: Just a little more about me.... - 08/30/07 12:26 AM
This brochure is for title companies and mortgage brokers, but it has a lot of information packed in a small amount of space. If you are a mortgage broker or title company doing loans, sales, reverse mortgages, etc., in Southwest Florida, please consider giving your client to option to do … (6 comments)
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loan: "Energy Efficient Mortgage" Myth or do they actually exist? - 08/29/07 06:50 PM
The green mortgage was born in 1979 when President Jimmy Carter signed an executive order directing federally-sponsored secondary market institutions to offer consumers incentives for energy-efficient homes.
Why must it take SOOO long to get something that makes this much sense into the public eye?
Energy efficient mortgages are one … (13 comments)
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loan: Florida Commercial Mortgage | An Anthology of Posts... - 08/29/07 01:55 PM
For those of you interested in, practicing, or investing in Commercial Real Estate in Florida or the rest of the United States, here are some posts that might help you understand more about the industry and how it affects both the owner occupant and the investor as well as the Realtors … (6 comments)
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loan: Florida Mortgage | Real Estate Market Commentary - 08/29/07 11:37 AM
When I first moved to the State of Florida, I was very surprised to find Realtors and Mortgage Brokers that were so busy and so successful that they would limit their businesses to loans, listings and buyers of over a certain dollar value. The reason it was so surprising was that … (2 comments)
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loan: Rate cut or No Rate cut? - 08/28/07 02:52 PM
What do you think that the FOMC will do next, Rate cut or No Rate cut? Are they finally going to help the consumer directly? What's your opinion? … (2 comments)
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loan: Phone numbers you will need if moving to the Austin area... - 08/27/07 03:29 PM
When you move to a new area it is always nice to have the numbers to get you water, electric, gas, phone, and cable hooked up. Here are the numbers if you are going to be moving to the Austin area.
… (1 comments)
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loan: Financing your Real Estate Investment... - 08/27/07 02:38 PM
Financing your Real Estate Investment
Conventional Lending Private Banking Seller Financing
Conventional Lending
The HighlightsLoans underwritten to Fannie/Freddie Guidelines Favorable Terms- Rates about 3/8% to 5/8% higher than owner occupied Investor loans differ from owner occupied loans SFR, duplexes, and quad plexes have different loan requirements/benefits What do I need for Down Payment?Standard … (0 comments)
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loan: The Basics of Real Estate Investing... - 08/27/07 02:32 PM
Types of Real Estate Investments
Investing Techniques Holding vs. Selling Single Family, Multi-Family Apartments, commercial, lots Fixer uppers vs. Ready Property Personal Homes Rentals
4 Elements of a Return
Cash Flow Equity Growth from Principal Reduction Equity Growth from Appreciation Tax Savings Financing your Investment
Conventional Lending Private Banking Seller Financing … (0 comments)
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loan: PrimeLending - 08/27/07 02:14 PM
With over 20 years in the mortgage industry, PrimeLending has seen the business of home financing at its best and its worst. Through it all, PrimeLending has learned not only how to survive in challenging markets, but how to thrive. We know how to do this by having our ducks … (0 comments)
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loan: 14009 Layne Lp Leander, TX 78641 - 08/27/07 01:45 PM
14009 Layne Lp Leander, TX 78641
List Price $74,990
If you are looking for a great piece of property with a great view then this is the place for you!
Manufactured or Mobile Home Property Travis CountySubdivision: Leander Hills Sec 2 Year Built: 1996 4 total bedrooms and 2 bathroomsPropety: .52 acresApproximately … (0 comments)
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loan: 185 Buttercup Way, Kyle, TX 78640 - 08/27/07 01:36 PM
185 Buttercup Way, Kyle, TX 78640
List Price: $149,900
4 bedrooms, 2.5 bathrooms2004: Year Built2,101 Square FeetCounty: HAYS Subdivision: Indian Paintbrush Ph 03 2 car garage Kyle, Texas is a great place to live with only a short drive to Austin.
For more information about this house contact Eric Olson at 512-905-0506 or check out … (0 comments)
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loan: 4715 Cypress Bend, Austin, TX 78744 - 08/27/07 01:28 PM
4715 Cypress Bend, Austin, Texas 78744
List Price: $84,990
2 bedrooms, 1.5 bathroomsYear Built: 1983Square Feet: 988Garage attachedfireplacefenced yardClose to UT CampusSome of the community features include:
For more information on this house contact Eric Olson at 512-300-0036 or on his website at:
http://www.buyorsellaustinhomes.com/
… (0 comments)
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loan: 7806 Jenner Cove, Austin, TX 78729 - 08/27/07 01:21 PM
7806 Jenner Cove, Austin, Texas 78729
List Price: $247,900
4 bedrooms, 3.5 bathroomsYear built: 19923,148 Square Feet.19 acres2 car garageThe Milwood subdivision is a great place for families. In this community you have many great features like a community park, fitness center, and you are walking distance from schools. If you are … (0 comments)
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loan: It's time to listen up First TIme Homebuyers even seasoned buyers ! - 08/27/07 06:57 AM
I know buying your first home or any home, is exciting. Its a rush. With so many homes to choose from it can become the thrill of the chase. But listen up....there are ALOT of mistakes you make whether you want to admit them or not. As a Real Estate Agent, … (1 comments)
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loan: 100% Alternative for Sub-Prime - 08/26/07 03:01 PM
Hello folks,
For the second week of this here information blog, I would like to think a little "outside the box" for you folks FHA certified and needing 100%.
As we all well know, the entire market is cracking down on 100% financing for sub-prime borrowers. I have gotten loans through via Fannie … (3 comments)
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loan: Will the 80-20 die? What can we do? - 08/25/07 11:30 PM
With the current trends in the market the products that we counted on to help home buyers achieve the dream of home ownership just might not be there tomorrow from the 80/20 to other programs they could just be “gone” like the wind. So what can we do.
* First be … (4 comments)
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loan: What's Going On With the Mortgage Market? - 08/24/07 06:02 PM
Taken from a previous posting 8/22/2007 for the Oahu Real Estate Blog by Yvonne Jaramillo Ahearn. I won't pretend to be an expert in United States financial policy and ecomomics (nor in mortages either, though I can always refer you to some people who are experts in this). I have as … (2 comments)
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loan: Simi Valley Home Loans - 08/24/07 02:13 PM
Friday's bond market has opened up slightly despite the release of stronger than expected economic news. The stock markets are showing early gains with the Dow up 38 points and the Nasdaq up 2 points. The bond market is currently up 3/32, which will likely keep this morning's mortgage rates close … (0 comments)
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loan: Mid-Michigan l Home Mortgage Accelerator (Home Ownership Accelerator™) - 08/23/07 05:23 PM
Lansing, Michigan - Home Ownership AcceleratorTM is the new mortgage of choice for many home buyers looking for creative home financing options! Have you heard of this mortgage product? The Home Ownership AcceleratorTM? This is a revolutionary home finance product sweeping our mortgage industry. I am starting to see more lenders, REALTORS, and … (1 comments)
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loan: Manhattan Beach CA: Champagne Taste... Beer Budget - 08/23/07 01:50 PM
The Daily Breeze has an article about job growth in CA and it's an eye opener that goes a long way toward explaining the South Bay real estate market. In a nutshell jobs are growing on the low and high end but not much in the middle and the gap is … (9 comments)
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loan: Florida Wonders | As seen through the eyes of Realtors and Mortgage Brokers - 08/21/07 09:44 PM
Florida can be a wonderful place to visit... and a great place to live. There are things to do for people of all ages from golf to surfing, from theme parks to beaches, from Salsa to Pro Sports.... and everything in between. Here on ActiveRain we get the chance to read … (8 comments)
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loan: State of the Real Estate Financing Industry (August 2007) - 08/21/07 01:39 PM
By now we are sure you are well aware of the recent changes in the real estate financing industry, as well as the allegedly bleak outlook that has been portrayed in the media. We'd like to take this opportunity to shed some light on the current market and to address any … (0 comments)
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loan: From mortgage troubles to lawsuits - 08/20/07 10:14 PM
This development was entirely predictable. It'll eventually be a standard operating procedure when things like this go down. A few years ago a whole bunch of people were so excited about making money in residential real estate that they couldn't stand still. Then when the market turned sour, they froze on … (6 comments)
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loan: Florida Mortgage | Loan in Process and you are worried? - 08/20/07 05:16 PM
You are in the process of buying a home or refinancing your current mortgage and all the news about Countrywide and other Lenders in trouble is making you wonder if the lender who is processing your loan application or has already approved it will be in business by the end of escrow. What can … (4 comments)
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loan: Are Mortgage Lenders Still Greedy In This Credit Crunch Time? - 08/20/07 01:28 PM
I don't know about all of you but I feel that Mortgage Lenders have made a lot of money during the last few years with the Sub Prime Boom and are still being greedy as many are closing their doors. In my opinion if many of these lenders would go through their … (3 comments)
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loan: Florida Mortgage | Insurance Rate Comparison Tool Online - 08/19/07 11:02 PM
Florida Homeowners have two main complaints - Taxes and Insurance. To tell the truth, they're definitely complaint-worthy. For the lower and moderate income level homeowners, it is often just as hard to come up with the money to pay the TI as the PI in their PITI payments ( PITI = … (0 comments)
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loan: 2162 Redwing, Round Rock, Texas 78664 - 08/19/07 10:25 AM
2162 Redwing, Round Rock, Texas 78664
List Price: $109,900
Round Rock is a great location and only a short drive to downtown. This house is perfect for a family with 3 bedrooms and 2.5 bathrooms. It is also perfect for entertaining with large trees in the backyard. You are also within 5 miles … (0 comments)
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loan: 129 Hanstrom Drive, Hutto, Texas 78634 - 08/19/07 10:19 AM
129 Hanstrom Drive, Hutto, Texas 78634
List Price $169,990
If you are looking for a great place to live check out Hutto! This house 4 bedrooms and 2.5 bathrooms. There are also huge vaulted ceiling and a huge backyard. The best part about Hutto is that you are only a short drive from … (0 comments)
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loan: Real estate contract renegotiating pointers - 08/18/07 07:46 PM
Even though it's a buyer's market, purchasing a new home can easily bring from moderate to severe heart palpitations. No, this isn't about the lender you were going to use that could go under any day now. This is about the value of the property you are supposed to close on … (4 comments)
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loan: MORTGAGE MELTDOWN or CORRECTION - 08/17/07 03:46 PM
Wow!!! We are in the most tumultuous mortgage market many of us have ever seen regardless of experience level. What is happening? The implosion of the sub prime market, the poor performance Alt-A mortgages and the rate of foreclosures on other non-conforming mortgage loans, have created the "perfect storm". As a … (3 comments)
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loan: You have got to check this out! - 08/17/07 03:25 PM
I have spoke to some of you about this but here is an actual use of this program. Now I may not be selling a house but everyone who watches this is seeing my logo and contact information. Who knows, someone might be needing a mortgage. Imagine the power this little … (10 comments)
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loan: Well I am not ready to pack my bag! This article makes me feel much better! - 08/17/07 01:21 PM
I have been doing mortgages for over 8 years now and I have to be honest, this is the toughest I have seen it. I long for the days you can offer a customer 4.5% and make the same for yourself. Then I come out of the clouds and realize those … (0 comments)
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loan: A New Banc to Call Home - 08/17/07 10:40 AM
REALTORS!!!
In these changing times in the mortgage industry, I wanted to let you know that Signature Lending Group’s business continues to grow. I believe we have been successful due to two reasons. First, we communicate better than anyone. Second, people like you continue to put their trust in us.
In … (0 comments)
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loan: Now is a Great Time to Buy! - 08/16/07 05:55 PM
The market is panicking; home values are declining; stocks are plummeting... how can this be a great time to buy?
The simple adage, buy low, sell high, is an economic basic. We've seen how high high has gone in recent months, days, or years, depending upon what investment you're looking at, whether … (0 comments)
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loan: The Silver Lining in the continuing saga of mortgage lending woes. - 08/15/07 08:21 PM
Is there really a Silver lining in the continuing saga of mortgage lending woes ? As the blood letting continues in the subprime lending markets, secondary markets continue to weigh on mortgage lenders as well.
“Headlines this week are full of examples and we are only mid week“ Houston, Texas-based Aegis … (2 comments)
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loan: Subprime mortgage an innovation that will last - 08/15/07 04:38 PM
What is everybody talking about in the office today? Or in the gym between sets? Or out on the golf course riding in the cart? They are talking about the health of the mortgage industry. That's what they're doing. And how the subprime loan started it all and what it spawned … (6 comments)
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loan: Mortgage Market Meltdown - What it Means to You - 08/14/07 11:19 PM
I have given this seminar to several of my realtor's offices and I would be happy to do the same in yours.
The credit markets are in crisis, and the mortgage landscape is changing fast.
But, ask yourself this…
Do you understand the key factors that led to the crisis?
Can you … (2 comments)
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loan: The Top 5 Things You Need to Know Before Approaching a Mortgage Lender - 08/14/07 12:12 PM
You've been thinking about buying your own home for quite a long time, and now you're ready to take the plunge. You've been saving money for a down payment, and you know the next step is preparing to apply for a mortgage. But where do you start?
Here are the top … (0 comments)
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loan: Florida Mortgage | Subprime Loan - Are you worried? - 08/14/07 11:28 AM
Subprime Loans are not inherently wrought with risk and problems. They are still binding contracts that cannot be changed on a whim. Subprime Loans are just loans that were sold to people who might have been a higher risk to the investor that was giving the loan so the terms and … (2 comments)
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loan: When to get pre-qualified~~always~~ - 08/14/07 11:17 AM
dont waste your time with people who may not be able to buy
we can prequal for free!
<!---->Union Savings Bank Phone: 614 339 1256 Cell: 614 849 2214 E-mail: jtumbarello@usavingsbank.com … (7 comments)
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loan: Five ways to get a loan closed faster! - 08/14/07 11:13 AM
<!---->Union Savings Bank Phone: 614 339 1256 Cell: 614 849 2214 E-mail: jtumbarello@usavingsbank.com … (0 comments)
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loan: Updated Mortgage Underwriting Requirements - A MUST READ! - 08/14/07 12:46 AM
This one sort of falls under the "gotcha" column, but in the midst of all the mayham going on right now, I thought it might be a bit of a comic relief.
Happy Reading!
Very Important- Guideline Changes Effective August 13, 2007* All borrowers must have one blue eye and one … (3 comments)
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loan: Are Your Buyers Union Members? - 08/13/07 02:57 PM
Chase offers a wide variety of programs and is the EXCLUSIVE provider of the Union Plus Mortgage Program that will pay a union members mortgage payment (PITI if escrowed) for a period of time if the borrower or co-borrower cannot work for a variety of reasons. Additionally, this program is extended … (3 comments)
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loan: Canyon Lake, Texas - 08/13/07 11:11 AM
Vintage Oaks at the Vineyard is located in Canyon Lake, Texas. If you love the Texas Hill Country then this is the place to be. This is a master planned community right in the middle of the hill country. There are tons of amenities like walking, biking trails and a … (2 comments)
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loan: Q&A: Stephen, I hear on the financial news, almost everyday, that the mortgage industry is in big trouble. They say it’s a “liquidity” problem. What does that mean? Are people soon not going to be able to get mortgages? - 08/12/07 11:52 PM
Few mortgages are actually held by the bank or the company that funds them. Over the past ten to fifteen years, investors on Wall Street have increased their appetite for higher yield products. With this appetite grew a desire for riskier loans that companies package and sell in pools known … (1 comments)
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loan: Florida Mortgage | How to Launch a Website successfully by accident... - 08/11/07 11:51 PM
Sometimes, dumb luck just works best... that's how I felt when I was checking my mail the other day just to find that a journalist had found my answer on Trulia Voices and wanted to use some quotes from my answer and my blog to help substantiate her position in an … (29 comments)
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loan: Mortgage Loan Market Update - 08/11/07 06:44 AM
This e-mail is a follow-up to last Fridays e-mail at the beginning of this horrible turmoil we are experiencing. I am still getting a barrage of calls from everyone panicking and wanting to understand what is happening to our industry and what the shakeout will be. Simply put - first, lending … (0 comments)
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loan: Mortgage Loan Market News Flash - 08/11/07 06:34 AM
This is a Historic time and unfortunately not many people clearly understand what's taking place. Even the so called "Experts" are trumped about the events that are unfolding and how to deal with it. I have been inundated with calls wanting information as to what is going on. As many are rudely … (0 comments)
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loan: Can your clients afford their loan? - 08/10/07 12:25 PM
Many homeowners are facing a crisis because they cannot pay their mortgages. Yes, I know some of these homeowners didn't read the fine print, or ask the right questions when they acquired the loan. However, many homeowners were lured into loans with low rates that adjusted up. When the rates reset, … (0 comments)
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loan: Another New Development in Austin, Texas - 08/10/07 08:36 AM
Avery Ranch is a great community if you are looking for a place to move too! It is a master planned community with lots of great neighborhoods and great amenities. Some of them include the 2 elementary schools, 18 hole golf course, and ponds. This is place to live that … (1 comments)
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loan: New Development in Austin, Texas! - 08/10/07 08:25 AM
The Old Mueller Airport is about to become a great place to live and shop! They are developing four residential neighborhoods that are great for everyone. They range from multi-family houses to apartments and townhomes. There will also be about 400,000 square feet of retail space … (1 comments)
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loan: Mortgage Money is Getting Tougher, Get a Good Professional - 08/09/07 05:04 PM
If you are thinking about getting in the market to buyer or sell a home, DON'T WAIT! The mortgage side of the business is going through some major changes and it is already becoming harder to buy or sell real estate. Mortgage money is drying up in several segments of the … (21 comments)
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loan: OH MY GOSH! - 08/08/07 10:56 PM
WHAT THE HECK IS GOING HERE?
It's got to be a friggin conspiracy of gargantuan proprtions. Who released the hounds on this industry anyways? This is bigger than that vast right wing conspiracy Hillary was whining about years back. Okay, maybe that's a bad analagy but even still, what the heck is … (3 comments)
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loan: Florida Mortgage | Loan Servicing ~ What Consumers Need to Know in this Market... - 08/08/07 08:58 PM
American Home Mortgage, Geneva Mortgage, Homebanc and many more have completely ceased all operations. This is leaving many homeowners worried about what is going to happen to them now that their lender is KAPUT!
Do not fret... don't worry at all... in fact, get ready to make your September payment as scheduled. Just … (6 comments)
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loan: The EVIL Media - How do we overcome this plague - 08/08/07 12:38 PM
I constantly have to explain to clients what they are saying in the media is false. First, the media sensationalizes whatever they can. Conflicting reports come out all the time, but the ones that are typically headline news are the Doom and Gloom scenarios.
For Example: Todays Headline on Bloomberg
U.S. MBA's Mortgage … (11 comments)
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loan: Changes in the Mortgage Industry Con't......RE: Question - 08/08/07 10:03 AM
This is regarding the question I received on my previous post.
"Justin, For those who might not be so well versed in Mortgage industry lingo, could you post some sort of clarification of the different loan categories and how they apply to each segment of the market? I see Alt-A and sub-prime … (2 comments)
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loan: Qualification For Mortgage Loans - 08/07/07 07:57 PM
To qualify for any mortgage loan, the loan must be under written (UW) by lenders prior to approval and funding. UW covers a comprehensive and detailed review and evaluation of the borrowers financial status thus to determine the affordability that borrowers can meet their loan obligations and other debts. At the … (2 comments)
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loan: No Doc Mortgage Loans - 08/07/07 02:46 PM
No doc loans are mortgages that do not require the borrowers monthly income amount and employment source to be filled in on the mortgage application. No Doc loans are a great program for the borrower that just doesn't have the ability to come up with the required paper work for a … (0 comments)
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loan: Consumers confused by credit scores - 08/07/07 12:36 PM
Originally posted on Home Financing News.
A new survey relating to credit scores has been released, and the results have worried some in the financing sector. The survey, commissioned by the Consumer Federation of America and Washington Mutual, focused on just over 1,000 adults in America, and determined that the public's … (0 comments)
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loan: Your FICO score may get a lift - 08/06/07 07:29 PM
Wouldn't that be nice? When you apply for, say, a mortgage loan to refinance, instead of having a FICO score of 690, you could jump all of a sudden to 725. That difference would help lower the interest rate you get and subsequently the long-term borrowing costs. And you don't have … (0 comments)
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loan: Should I Get A Fixed Rate Home Loan? - 08/06/07 01:44 PM
If you’ve started looking into getting a home loan, you’ve probably already discovered that there are a number of decisions to be made. One of the biggest ones is whether to get a fixed rate home loan or to go with a variable rate home loan. Here are some of the … (0 comments)
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loan: Phasing Out, Phasing In... - 08/06/07 12:36 PM
You're undoubtedly hearing reports in the media about increasing numbers of mortgage defaults. A frenzy of financing in the last few years allowed many buyers to secure loans that were downright inappropriate for them, and now we're experiencing the fallout.
If you're planning to sell or buy a home in the near … (0 comments)
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loan: The Texas Market - 08/05/07 08:40 AM
I know all the reports have said that the housing markets are slowing down...but I don't think that has happened in Texas. I live in Austin, Texas and the market is doing great! I have been looking at houses for the last couple of months and everytime I found one I … (7 comments)
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loan: Coed Softball Team - 08/05/07 08:11 AM
I play on a coed softball team and it is a blast. I was trying to think of some ways to meet some of the realtors in the Austin area so I started a softball team with some of my friends. After we had the core team together I asked a … (3 comments)
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loan: Reverse Mortgage? - 08/04/07 09:42 AM
Reverse Mortgages A reverse mortgage is a type of loan used by adults who are 62 years or older to convert the equity in their homes into cash. We call this a reverse mortgage because instead of you making monthly payments to a lender, the lender makes payments to you. This can be a … (3 comments)
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loan: Full Doc verses Stated Income...What is the difference? - 08/04/07 09:27 AM
Full Doc A full doc loan is one that requires that the borrower present documents, such as:
bank statementsW2sTax returnspaycheck stubs This type of loan usually offers lower rates because there is less of a risk for the lender. On the other hand, if you are self employed you may not have all of the required … (0 comments)
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loan: What impacts the interest rate of an ARM? - 08/04/07 09:20 AM
An ARM is an adjustable rate mortgage. There are several aspects of ARMs that impact interest rates including:
IndexMarginInterim capsPayment caps IndexThe index is the financial instrument that the loan is "tied" to, or adjusted to. The most common indices, or, indexes are the 1-Year Treasury Security, LIBOR (London Interbank Offered Rate), Prime, … (0 comments)
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loan: Types of Standard ARMS...good info for buyers! - 08/04/07 09:11 AM
Types of Standard ARMs (Adjustable Rate Mortgages)Several adjustable rate mortgages include:
6-Month Certificate of Deposit ARM1-Year Treasury Spot ARM6-Month Treasury Average ARM12-Month Treasury Average ARM. When ARM's lag behind the market it allows you to take advantage of lower interest rates even if the market's rates are rising quickly. On the otherhand ARMs that react … (0 comments)
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loan: Loan Program Highlights - 08/04/07 08:43 AM
Loan Program Highlights
DPA (Down Payment Assistance)ZERO Down Pmt Interest OnlyOne-Time CloseLot LoansConstruction ProgramsJumboFixed Rate & ARMSNo DocStated Income/AssetSecond HomeFHA & VAHome EquityInvestmentGet Pre-Qualified today!The first step in the mortgage process is becoming pre-qualified for a loan. With a prequalification,
you will know from the beginning what kind of home you can afford … (0 comments)
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loan: Fixed Rate Verses ARM...Which would you pick? - 08/04/07 08:35 AM
Adjustable rate mortgages
The adjustable rate mortgage or ARM allows the interest rate to fluctuate throughout the life of the loan. With the rising interest rates this loan type may be a little risky. On the other hand the ARM may allow you to purchase a more expensive home.
Fixed Rate MortgagesOn a fixed rate mortgage … (0 comments)
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loan: What's going on with the Market? - 08/04/07 07:41 AM
Ok I would for a broker company and it seems like everyday now there are changes being made.
Do these sounds familiar?
Now only 95% LTV with our company
No stated income on loans over 90% LTV
There are still 100% loans out there but the market is getting tighter and more and more … (3 comments)
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loan: Wanted-Investors Looking for Ready Made Real Estate Transactions, - 08/03/07 02:40 PM
… (1 comments)
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loan: Veterans Home Mortgage Information - 08/02/07 07:14 AM
The Federal Government offers countless programs to our men and women who help their country. Veterans Home Mortgage or VA home loan program is one of those benefits. The VA home loan can be utilize to buy a new home or refinance the veterans home and is offered to all … (0 comments)
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loan: Some Homeownership Facts for consumers - 08/01/07 11:28 AM
What is Homeownership?
The American dream An opportunity to provide for family A tax deduction Property appreciation Having the nicest lawn on the block Your own backyard Your own garage Homeownership Brings:
Sense of community Stability Tax benefits (Consult your tax advisor) Stable housing costs Potential appreciationThe Home Buying Process: The Homebuying Team: … (1 comments)
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loan: Seven Questions - 08/01/07 11:21 AM
1. What sets Centerpoint Mortgage apart from other mortgage companies?
We are extremely client centered. Our seasoned mortgage professionals are very
perceptive and listen to all the questions our clients present. Our attention to detail
enables Centerpoint to be competitive and expeditious.
2. How many offices does Centerpoint have in the Texas?
We currently are located … (0 comments)
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loan: Incentives? Good or fluff - 08/01/07 08:18 AM
With the market being slow through out the country we are seeing more and more incentives. I have. So what are the best or worst incentives out there?
Best
Seller to buyer contributions IE: Seller offering cash for buyers closing cost, appraisal, home inspection ,home warranty.
Broker offering cash at closing to buyer.
Worst
Seller … (13 comments)
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loan: MONARCH LAKES, MIRAMAR, FLORIDA: REAL ESTATE MARKET REPORT JULY 2007 - 07/31/07 06:26 PM
MONARCH LAKES, MIRAMAR FLORIDA REAL ESTATE MARKET REPORTJULY 01, 2007 THRU JULY 31 2007
SINGLE FAMILY HOMES:
88 Active Homes For Sale (as of 6/30) Asking Price* $350,000 - 760,000 10 Pending Sale - Under Contract (as of 7/31) 111 Expired Listings -Did Not Sell Within the Contract Period (as of 7/31) 05 Closed Sales - … (0 comments)
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loan: Short sale doesn't necessarily fall in line - 07/31/07 03:03 PM
Here we are trying to be Ministers of the American Dream (read Ralph Odierna blog today). These short sale sellers are crying out to us to put an end to their nightmare.
My latest attempt to help get a seller past one of these ended in upsetting my investor buyer to … (0 comments)
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loan: Smile. Life is Great. - 07/30/07 02:22 AM
Its your life, make it happen! Dream big dreams. Create your future. Life will become what you want it to be when you learn to adapt to current situations. How well can you play the game of life? Stay within guidelines but remeber to create your own rules to get ahead. … (1 comments)
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loan: You Found the home now what kind of lender will fit your needs - 07/28/07 01:45 PM
It is to get pre qualified for a new home mortgage but always shop different lender's to find the loan program that will best fit your needs. I always suggest to my clients to talk to at least three lender's. The reason I do this is because each mortgage company deals with different … (1 comments)
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loan: Stop Your Foreclosure: Break Through Loan - 07/28/07 02:08 AM
Stop Your Foreclosure: Break Through Loan by John Occhi, Hemet CA REALTOR® Mission Grove Realty
When a Hemet homeowner recently asked me about helping stop his foreclosure, he asked me what a "Break Through Loan" was and if it would be appropriate for him in his situation.
I was not at first … (2 comments)
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loan: MANUFACTURED HOME WOES - 07/27/07 07:47 AM
Good morning everybody! Welcome To Sarah's Blog today...
I am writing this particular blog as more of a question. We sold our home to a woman who has a manufatured home in a 5 star park. She is looking to sell that 1500+ square foot home. Do you have any ideas on … (4 comments)
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loan: Home buyer incentives that work - 07/25/07 06:33 PM
The real estate market is rather tough out there today. Property is moving very slowly. In many areas a glut of houses await visits from buyers who are patiently going from one property to the next looking for the best deal. Can't blame them. I'd do it, too, if I were … (5 comments)
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loan: Savvy Borrowers Are Straying from 30-Year Fixed Rate Mortgages - 07/25/07 01:12 PM
Borrowers are increasingly opting for less traditional loans like Option ARMs to increase long-term equity La Mirada, CA —Today’s affluent homeowners are moving further away from traditional 30- and 15-year fixed rate mortgages and instead are choosing less traditional products, like Option ARMs (adjustable rate mortgages) and interest-only mortgages to … (1 comments)
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loan: Top 10's of Networking - 07/23/07 04:58 PM
1. Take plenty of cards with you. Make sure they have a picture on them that looks like you, or on any material that you bring. Wear your name badge at all times & use your city name often.
2. Do not sit, stand or talk with anyone from your city and certainly your … (16 comments)
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loan: The Home Buying Basics - 07/23/07 04:37 PM
If you know what to expect - and you're working with a trusted team of mortgagelending
professionals - finding and financing your first home can be an exciting and rewarding experience.
Here's what you need to know:
OBTAIN A MORTGAGE PREAPPROVAL BEFORE YOU BEGIN HOUSE HUNTING.
• Learn how much home you can afford
• Strengthen … (1 comments)
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loan: Choosing a home loan that is perfect for you often leads to more questions than answers. - 07/23/07 04:19 PM
Here are some frequently asked home loan questions.
What does a mortgage consist of ? A mortgage is a loan for the purpose of buying a home. The four basic components are:
Principal, Interest, Taxes and Insurance (PITI)
What is a home equity loan?Sometimes referred to as a second mortgage, a home equity loan allows … (0 comments)
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loan: 10 Things to avoid when purchasing a home - 07/23/07 04:10 PM
Anxiety, Deadlines, Questions, Fatigue: All affect your decisions.
The home buying experience can be extremely stressfull - all while
being one of the most exciting purchases and endeavors of your life. Let us help
you through the process.
Here are 10 factors you want to consider:
• Do not make any major purchases prior to making a … (1 comments)
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loan: Tax Benefits of Home Ownership in the US - 07/23/07 04:02 PM
How to stretch your dollar
1. Real property taxes, state and local income taxes and personal property taxes are fully deductible.
2. Interest paid on first and second home mortgages can be deductible if your income bracket is adequate.
3. Home office space used for business may be fully deductible.
4. Points paid by buyer … (1 comments)
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loan: Great Statistics for your clients looking to move to Williamson County - 07/23/07 03:53 PM
You know when you clients ask what is the population, things to do, etc. These stats can help you out for clients looking in the Williamson County.
… (1 comments)
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loan: Austin and surrounding area floods - 07/23/07 03:15 PM
With all the recent floods in the Central Texas area it has not been so great for homeowners near the lakes or rivers. Since June 27th Austin, Texas and surrounding areas have seen a huge amount of rain and flooding. Many homeowners who thought that their houses would be safe from … (0 comments)
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