Real estate blog entries tagged with my community

Blog entries tagged with "my community":

my community: 5 Programs for 100% Financing and Beyond - 06/09/08 03:08 PM

Gone are the days of 80/20's and and 100% financing, or are they?
With the changes in the mortgage markets we must adapt and expand our product offerings for our clients and re-educate buyers on what their options are. Most of us know about FHA and VA, but there are other … (2 comments)

my community: Fannie Mae and Freddie Mac are back with 97% LTV loans for Declining Markets - 05/16/08 04:44 PM

Great News...A new lending avenue has reopened for "Distressed Market" areas, including Maricopa County in AZ. Go to www.fanniemae.com and you can read the news release from today.
Highlights
New Changes go into effect June 1, 2008 "Fannie Mae will accept up to 97% LTV ratios for conventional, conforming mortgages processed … (6 comments)

my community: Elimination of all 100% Mortgage Loans - Important Updates - 03/17/08 10:40 AM

ALL LOANS THAT WILL BE AFFECTED BY THESE CHANGES MUST BE LOCKED IN NO LATER THAN FRIDAY, MARCH 21, 2008. NO EXTENSIONS OR RELOCKS WILL BE GRANTED

IMPORTANT INFORMATION REGARDING UPCOMING AGENCY UPDATES - Elimination of LTVs 97.01-100%, Revised Minimum Credit Score Requirements and Cash-Out Refinance Eligibility for Transactions Requiring Mortgage Insurance
Due … (7 comments)

my community: Advantages of using FHA for HIGH LTV Financing - 03/08/08 11:54 PM

I like visuals and charts so I put this one together to send to my clients and real estate agents. Please let me know if you like it and feel that it is easy to read and use.
Megan Bluher | (425) 576-2204 | Email: mailto:mbluher@aol.com

Details on pricing and delivery … (2 comments)

my community: Freddie Mac Is Making Some Changes-MN Mortgage Lender Says "Buy Now" - 02/23/08 12:29 PM

I've said it before, but it really does bear repeating once again "BUY NOW." The GSE-Government Sponsored Entities of Fannie Mae and Freddie Mac are the primary purchasers of the mortgages originated today. Some of the high loan to value loans go by the names of "My Community", "Home Possible" and the "Flex … (0 comments)

my community: First Time Homebuyer - Loan Programs in Redding and Shasta County - 01/27/08 06:06 PM

Being a First Time Homebuyer is one of the most exciting experiences in your life. Purchasing a home is a rite of passage that many non-home owners dream of.
Navigating the process can also be daunting and confusing. My job as a loan officer and Mortgage Planner is to provide information to … (13 comments)

my community: Make Your Lender Pay Your Mortgage Insurance - 01/17/08 11:08 AM

**Click Here to See The Original Post on wealthwithmortgage.com**
If you're considering to finance over 80% of the purchase price (or appraised value on a refinance) of a home, you'll want to know how you can do it. You may believe the myth that you must carry private mortgage insurance (PMI). The good … (0 comments)

my community: The Why Behind Private Mortgage Insurance - 01/17/08 11:00 AM

**Click here for the original post on wealthwithmortgage.com**
Let's start out by turning the tables here and putting you in the position of a bank. Say someone comes to you and wants to borrow money on a house. They say want to put borrow 100% and put absolutely no money down. They've … (0 comments)

my community: 100% FINANCING, 65% DEBT RATIOS, $22,000 CLLCTNS, 5X30 ON CREDIT CARDS IN LAST 12 M, NEW LOAN 5.5% 30 FXD 1 LOAN, NO PREPAY IS THIS REALLY TRUE? ANSWER IS YES! - 12/16/07 02:07 PM

the hes fortune the never helping jump exist super

Posted with www [dot] adsoncraigs [dot] com Im rough the it where men gotten If they operate are can the all quicker hey escaped problem find around Hong hes to for Im gets you up Kong didnt Michael they white … (3 comments)

my community: Fannie Mae Making it Harder For First Time Home Buyers - 11/20/07 06:13 PM

Fannie Mae is changing their guidelines again that will make it harder for First Time Home Buyers with little money to buy a home. Currently the My Community Loan Program allows for up to a 6% seller paid closing costs. This is changing on December 1st, the maximum is now going … (11 comments)

my community: Realtors, Learn Loan Programs - 11/16/07 09:21 PM

As a former Realtor and current loan officer I recommend getting educated in the fannie mae flex and my community home loan programs. You can still do 100% financing with lower fico scores. Knowledge is power, the more you know, the more you will make.
You can get a 6% seller contribution … (1 comments)

my community: Renovation and Rehab programs from Fannie and Freddie - 10/05/07 07:04 PM

These can be complicated little files - significantly more work that than most and relatively few lenders who will support them but....
If you as a Realtor have a customer who sees an opportunity in a property that is distressed, but with some renovation/rehabilitation could be a gem, help them to explore … (2 comments)

my community: Another rant - 09/24/07 07:57 PM

this time Mr. Cotton from the wonderful community of Las Vegas has got me going http://activerain.com/blogsview/215250/Prepayment. In his short post about PPP he doesn't either understand the credit and mortgage world or just thought well this is easy to slam PPP, after all just about every article you read blast them … (2 comments)

my community: My Community Program - 09/23/07 09:13 AM

What is the My Community Program?
The My Community Program is designed by Fannie Mae and this program is designed for moderate income home buyers who have limited funds for the down payment and closing costs.
Even when your credit scores are below 660, no money down is still possible. It is … (7 comments)

my community: Down Payment Assistance Programs - Explained! - 09/20/07 01:59 PM

With FHA loans more prominent in today's lending markets there has been a greater focus on Down Payment Assistance Programs. I've spent some time researching these over the past week and thought I'd take a few minutes to explain the differences on the various programs.
Threre are two primary forms of … (15 comments)

my community: How To Avoid Mortgage Insurance In A Credit Crunching Market - 09/14/07 04:38 PM

Two words that have become more and more common in mortgage transactions: Mortgage Insurance.
With credit standards tightening, the days of the piggyback mortgage (80/20, 1st and 2nd Mtg) have slowly dissapated from any borrower that cannot put more than 5% down. Now more than ever it is time for everyone to … (4 comments)

my community: 100% Financing Alive and Well in Minnesota! - 08/29/07 01:19 PM

Contrary to popular belief, it is still possible to purchase a home in Minnesota with no down payment. There are two great programs for Minnesota home buyers and most people can qualify for one or the other of these programs. While the 100% sub-prime loan is currently very hard to find … (0 comments)

my community: FHA/HUD educational summary to help purchasing or refinancing...... - 08/16/07 09:24 AM

FHA has so many programs for those that are looking to purchase a new home and or refinance their existing home. And just for the record, FHA is not the end to all problems. There are 100's of programs out there other than FHA. But what you need is a loan … (9 comments)

my community: My Community Mortgage - 07/12/07 01:12 PM

MyCommunityMortgage – Now better than ever!
Fannie Mae’s MyCommunityMortgage (MCM) product helps housing finance agencies (HFA) serve America’s increasingly diverse population of low- and moderate-income borrowers and communities with more flexible terms than ever before. With low mortgage insurance, an LTV of up to 100 percent, and no minimum borrower contribution, … (0 comments)

my community: FHA Mortgage Debate -- Eye Opening Information -- Enough to make your toes curl!!!! - 07/10/07 10:29 PM

Okay, so that's not the picture that you wanted to see. But how do you relate to information that the public can read, but might be misleading, once the true facts are revealed. What if someone called one of your family members an idiot? You wouldn't take too kindly to this. … (25 comments)

my community: Can I have your Super Sonic Stealth Loan Program to go...... - 07/01/07 05:06 PM

Take a look at these two hamburgers. Very similar. On your left, it has onions and on your right, it has cheese. But these basically will tase the same. Comparing these to mortgages, think of one as a no point loan and the other as a 1 point loan. And … (20 comments)

my community: HALFWAY THROUGH THE YEAR - 07/01/07 10:11 AM

Happy July 1st ! We are halfway through a very interesting year.
For all the predictions of gloom and doom in the real estate arena, everything seems to be OK for most people involved in real estate.
Most of my business at McCue Mortgage has always been Conventional, CHFA, VA or FHA. The sub-prime … (3 comments)

my community: Arizona Home Mortgage Loan for your Purchases & Refinances with Mortgage Pro Jacob Morales - 06/30/07 08:38 PM

Are you looking for a reliable established mortgage lender in Arizona? Are you going to be purchasing a home or would you like to refinance to a better loan?
I am your Mortgage Banker!
I am a native of Phoenix, Arizona and have been working in mortgage planning and financing for 5 years. … (1 comments)

my community: Mortgages : How would you like your mortgage served to you? - 06/25/07 08:59 AM

… (48 comments)

my community: Renting vs Buying -- Knowing your loan options -- Part 3 of 3 - 06/22/07 02:58 AM

So you have been told that you qualify for a home. You are so excited, just thinking about this daily. You finally will own your own home with a piece of property.
You have been told by many to just ask for a 30 year fixed rate. Maybe you don't have … (8 comments)

my community: Extreme Makeover HOME EDITION - Does anyone else cry when they watch? - 06/21/07 03:12 PM

I love watching this show as it provides families with a new home. Many families have lost a provider or are suffering from a disease or disability and need help with their home. I seldom cry at movies, but I must say.......each week I look forward to my regular tear-jerker showing … (14 comments)

my community: Renting vs Buying -- Showing the difference in $$ -- Part 2 of 3 - 06/19/07 08:52 PM

Okay, so I gave you some pros and cons of buying a house in Part 1. You seem to be feeling good and confident. That's great...... Tip : Keep your focus and don't be talking to too many people outside of the loan officer that you are speaking with. … (11 comments)

my community: Arizona Home Mortgage Loan for your Purchases & Refinances with Mortgage Pro Jacob Morales - 06/15/07 10:29 AM

my community: FHA, is this the best mortgage program? -- First Time Homebuyer Tips -- Best Programs & Why -- Part 3 of 4 - 06/13/07 10:27 PM

So, what have we learned so far, from Parts 1 and 2, in regards to the First Time Homebuyer Tips? Listen to me and only me? No, not that, because this can get you in trouble sometimes, depending on who you listen to. Some loan officers think they know it all … (20 comments)

my community: New HUD Income Limits for My Community Mortgages. - 06/13/07 02:05 AM

The National Association of REALTORS recently reported that nearly one half of all first time homebuyers financed 100% of the purchase price of their home.
Are you getting this business?
Are you using the My Community Program?
my 100% My Community Program.

DU Approved or Manual Underwriting w/ alternative Credit.
Loan Limit - $417,000.00
Income Limitations: $69,800 - … (11 comments)

my community: Illinois Mortgage: First Time Home Buyer, FHA, VA, Refinance, Jumbo, 80/20, Rural Housing, Government, Interest Only - 06/11/07 10:40 PM

Congratulations! You finally found the house of your dreams. You made a bid, had it accepted by the seller, and went through the Illinois mortgage application process. It looks like you'll qualify. The closing is only weeks away, and you're feeling pretty good.
It's smooth sailing from here, right? Probably. However, more than … (0 comments)

my community: MY COMMUNITY to help qualify with poor credit, no reserves, and limited trades - 06/09/07 05:07 PM

… (8 comments)

my community: 100% Financing with My Community and Arizona Mortgage Pro Jacob Morales - 06/03/07 01:47 PM

My Community offers affordable mortgages with 100% financing options through Fannie Mae. This particular fixed and adjustable rate product includes 5, 7, 10, 30 and 40 year terms, fully amortized or interest only. Typically My Community is restricted by income limitations depending on each state, but now in Maricopa County the limitations are waived … (0 comments)

my community: Arizona Home Loan Lender for your Purchases & Refinances - 06/03/07 01:45 PM

my community: Lafayette and West Lafayette Indiana - Down Payment Options! - 05/23/07 03:11 PM

Looking For Down Payment Options?
Are you dreaming of owning your own home...but wondering how to finance it?
MyCommunity Mortgage Home Loans have flexible requirements that make it easier for you to buy a home.
Here are some ways a MyCommunity loan may help you buy a home:
Up to 100% Financing availableSeller contributions up … (1 comments)

my community: Arizona Home Loan Planner for your Purchases & Refinances - 05/22/07 06:22 PM

my community: 100% Financing is Alive and Well With My Community and First Horizon Home Loans - 05/22/07 06:20 PM

my community: 100% Financing is Alive and Well With My Community and First Horizon Home Loans - 05/17/07 03:44 PM

my community: Arizona Home Loan Lender for your Purchases & Refinances - 05/17/07 03:41 PM

my community: Arizona Home Loan Lender for your Purchases & Refinances - 04/28/07 08:34 PM

my community: 100% Zero Down Financing is Alive and Well With My Community - 04/24/07 07:52 PM

my community: Arizona Home Loan Lender for your Purchases & Refinances - 04/19/07 03:27 PM

Are you looking for a reliable established mortgage lender in Arizona? Are you going to be buying a home or would you like to refinance to a better loan?
I am your Mortgage Banker!
I am a native of Phoenix, Arizona and have been working in mortgage planning and financing for 5 years. … (0 comments)

my community: The trickle up effect of the sub-prime mortgage meltdown. - 04/11/07 07:17 PM

Being in the Real Estate Industry, mortgage specifically, I have heard a plethora of theories on what is going to happen to the mortgage market this year. If the subprime market fiasco is but merely a market correction as some of the mortgage industry experts are saying, I believe we have … (1 comments)

my community: My Community 100% Financing UPDATE - 03/20/07 11:19 PM

Attention Maricopa County Realtors!It's happened. No more income limitations for homes in Maricopa county courtesy of First Horizon Home Loans and me your local trusted Mortgage Professional. What does this mean to you? No more overqualified borrowers who "make too much" for the My Community loan program. 100% financing is not … (1 comments)