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Blog entries tagged with "mortgage":
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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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Market update
photo credit: sosico
100% Financing on a Single Wide! 
The Three Biggest Mistakes People Make When Purchasing or Refinancing a Home
With mortgage rates ticking upwards, now is the time to buy a home! In many markets people are just scared. They're thinking if they sit on the fence just a little while longer, then the prices will drop another $50,000.
Financing Solutions with David Reed
If you are wondering what a short sale is and whether you qualify, you need to speak to a good REALTOR who has experience with short sales.
The following article is the contents of an answer that I gave to another blog contributor today.
Las Vegas real estate market is bursting with bank REOs, real estate owned in industry talk, and many of these are listed at prices that were unthinkable just a few months ago. Single-family houses, condominiums, townhomes, they all are represented in this one large housing bazaar teeming with activity in our desert … (4 comments)
The St. Louis Real Estate Market this week looks like last week, once again. We have not seen any significant increases or decreases across the board this week. Most of our numbers are stagnant, with a very small increase in active listings, homes accepting contracts and the pending ratio trending upward … (1 comments)
<script type="text/javascript"></script>
A
balloonist is floating along
and suddenly realizes he is lost. He lowers his altitude and notices a
man in the field below him. He calls out to him saying:
"Excuse me, but I am lost. Could you tell me where I am?"
The man below answers,
"You are 50 … (3 comments)
Budget Basics Worksheet
A loan officer becoming a Buyer's Agent is interesting. I know that in a previous "One Stop Shop" company I worked for, the loan officer was also a real estate agent. The manager tried to keep that information on low-down. The loan officer was a good guy, but c'mon...
Following up on yesterdays blog...Saving a few thousand on dropping asking prices may cost more on the mortage end in the long run.
This is a post made on May 9, 2008 and it is more relevant now than it was then...
4b. Choosing the Right Type of Loan
I was inspired to write this post after reading Jesse Clinton's post "I'm sorry, what did you just say?"
I received an email from an acquaintance who is trying to sell her second (nicer) home, asking me if I had any suggestions. She said their home is listed for $50,000 less than what she and her husband have invested in it, but she's thinking if it doesn't sell in during the 3-month contract … (0 comments)
The biggest risk for today's home buyers is interest rates not price depreciation. Yes, home prices are under pressure and there is inventory in the market, but waiting to define a "bottom" in a real estate downturn that is 24 months old and where prices have already adjusted, is very difficult.
Why would we sign all the documents, put down all our money, and have to wait another day to receive entry into our home?
FHA is oficially changing its position on "flipping". That means it will now be possible for you to purchase a foreclosure and get FHA financing. Prior to this change, it was impossible to get approved for an FHA loan if you were buying a home that had transferred ownership in the previous 90 … (0 comments)
Choose A Lender That Shares Your Passion For The Environment
Should Mortgage Seekers Worry about Predatory Lenders?
Good News Numbers 
Credit Scores - Important?
Many have wondered whether they should sell their home themselves rather than use a realtor. In addition, many buyers feel the could get a better deal by foregoing the use of a realtor to help them purchase their new home. Now there is a great website that talks about the advantages … (0 comments)
I wanted to announce that I will be on Fort Wayne's WOWO AM 1190 on Monday morning 6/23 at 6:35am to talk about mortgage interest rates, short sale information and general mortgage related information specific to the Fort Wayne, Indiana market. Charlie Butcher, the morning talk show host, invited me to … (2 comments)
I don't think many people know that there was no fiduciary duty required from your mortgage broker. If I am not working in real estate/mortgage field, I might not pay attention to that neither. Fortunately, WA legislation finally legally required mortgage brokers owe a fiduciary duty to borrowers that is governed … (0 comments)
Chapman Realty will be hosting an open house at Hunter's Point and Maggie's Ridge this Saturday and Sunday June 21 and 22 2008. Lunch will be provided from Barberitos Southwestern Grille and Cantina. Gareth Thomas from Mortgage of America will be on site to pre-qualify you for a mortgage. Hunter's Point … (0 comments)
The market is still commanding a premium on Mortgage Backed Securities relative to 4 weeks ago - the talk of inflation has investors on the sideline forcing rates up.
NEHEMIAH® Gift Funding for down payment assistance is available for any buyer who qualifies for an FHA mortgage loan. Typically, most buyers request the minimum down payment assistance of 3% however; the gift can be up to 6% in assistance or can be used to supplement a down payment. For instance, … (1 comments)
Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons … (0 comments)
Wonderful Home with Guest Quarters
53866 8th Street, La Pine, OR 97739 View Map
Rarely-used but diligently cared-for home on 2 wide-open but private feeling acres. This home not only has a complete double detached garage but an additional building housing a cozy guest quarters/art studio (bath included) with 1200 … (4 comments)
Apparently, the Deprtment of Justice, along with the IRS, Secret Service, and FBI did a sweep this morning arresting 60 people in Houston for Mortgage Fraud. They also made arrests in Chicago, Miami, and some other regions.
There are a variety of Real Estate terms like, HUD, REO, Dual Agency, SPDS (seller disclosure), Pre-Foreclusure and countless others, .
Yesterday I listed three reasons why I'll continue to reach out to customers on the internet.
If you are in need of some quick capital for a real estate project or just need to tap into some of your real estate equity quick, a private money loan may be the way to go. With the credit crunch we are experiencing right now the availability of capital in the conventional … (0 comments)
If you are in the market for Mobile AL real estate, NOW is the time to shop for a mortgage! Check out my latest blog article to learn why.
Well it's official. Washington Mutual has announced that they are no longer going to offer the option arm.I am amazed that they have continued to offer this product for the last 9-12 months.So to date WaMu has exited the wholesale, and the subprime sectors. It's subprime company, Long Beach Mortgage was … (5 comments)
Expanded Approval (EA) Programs 
I remember when my lovely wife started working with me.... She would always tell me that I would forget to call her because I was forgetful not too busy to call like I was claiming.... She soon saw that I was telling the truth about being busy.... If I am not … (7 comments)
HUD's Federal Housing Administration (FHA) has issued final guidance that will expand its program to help more homeowners and homebuyers obtain affordable financing. To protect taxpayers from the cost of this expansion, the FHA will implement a new risk-based pricing structure beginning July 14, 2008.
Interview with Justin WilliamsLoan Officer - Prosperity Mortgage
I know many of you have been faced with the same question or idea. And, today the mortgage industry and supporting business groups to the industry are lobbying our legislators urging lawmakers to kill legislation that would be too restrictive on their industry. Part of the legislation requires lawmakers to impose … (2 comments)
Single Wide, Double Wide and any age! I've been doing this a long time and have the expertise necessary to get it done right.
I'll start by telling you that there is a difference between financing tools and ownership tools. And, because there is so much to understanding regarding everything associated with buying a new home, I will break this up into two blogs. This blog I will start with financing tools and the next … (0 comments)
As with many things - just asking the question - is a good first step.
Nehemiah, Ameridream; HUD has decided these are the bad guys. The reason so many FHA loans fail is not poor origination, inferior underwriting, or basic fraud, it is the use of a down payment assistance program like one of those named above to get 100% funding on a 97.00% loan program. … (0 comments)
When it comes to 100% financing many people think that carrying a second mortgage (if you can get it to 100%) or to get down payment assistance to eliminate that pesky down payment. However there is a very simple and I might add elegant solution. That is the VA Loan. One … (3 comments)
I work with a company that has:
I was talking to a gentleman who was loading a U-Haul truck this morning. Of course, I stopped and took a minute to talk to him. He was very forthcoming with his situation. He is going through foreclosure, and had until the end of June to move out. He was just … (5 comments)
Interest rates have risen over the last month. They were starting to come down a little today but not quickly. Yet there are astoundingly great deals available especially if you are a Texas veteran or let me put it another way if you are a veteran living in Texas. You will … (0 comments)
Before You Buy a Home - Look at Seven Reasons to Buy a Home
The REO market is growing and FHA backed
loans gain popularity these days. I thought you'd be interested in the
changes on the 90 day "seasoning period" for FHA backed loans on resale
transactions.
FHA waves 90-day waiting period
for resales
http://www.inman.com/news/2008/06/13/fha-waives-90-day-waiting-period-resales
Property flipping rules
suspended
http://money.cnn.com/2008/06/13/real_estate/property_flipping.ap/index.htm?section=money_latest
… (0 comments)
Investors in second or multiple homes stand to be among the biggest losers from the housing downturn. That’s because proposed mortgage bailout programs don’t address second homes and investment properties. Many owners of multiple properties don’t realize that investments they thought would help them build long-term wealth may in fact … (0 comments)
Below is some good information on FHA. I'd also like to note that FHA does allow for compensating factors to help offset something's. For example, if someone has had an isolated late payment recently. Also, if we run it through the decision engine and get an automated approval we can go … (2 comments)
Below is a recap of a Jeffrey Gitomer eZine for this week. I found it refreshing and gained something from it. I thought I would share it with you.
The National Association of Realtors (NAR) has released a report suggesting that loan disclosure changes proposed by the Department of Housing and Urban Development (HUD) would add more than $400 to the average cost of obtaining a loan, more than double the estimate made by the housing agency.In March, HUD unveiled … (0 comments)
Hi, I'm Suzanne Storch a Licensed Mortgage Broker with A1A Mortgage, LLC, in Jacksonville Beach, FL. I have an extensive background in loan processing, customer service, customer realations, management and planning. I graduated from Western Michigan University with a degree in Finance and also hold degrees in Business Administration and Public Relations.
News broke today that FHA will be temporarily waiving a rule that has been impeding bank resale of foreclosed properties.
Foreign National Loan Posts
FHA Releases New Pricing Based on Credit Score and Downpayment