Construction and rehab loans are available for virtually all scenarios. Planning is important: Underwriting criteria, loan structure, and pricing vary. Call me early on. // Conventional and FHA loans are still available at less than 600 Fico. // The new appraisal code continues
to create havoc. // Despite this week's increase, rates are
trending down. Make it a good week!
- Paul
Trading on home prices
With two new vehicles from
MacroMarkets, you can invest in the outlook on housing prices whether they go up or down.
Read
Rates up a bit
For the week ending July 23rd the 30-year fixed averaged 5.20% with an average 0.7% fees and points, up from last week when it averaged 6.63%.
Freddie Mac rate surveys.
Get ready for banking's next headache
Commercial mortgage delinquency up 585%
Business Journal Delinquencies on commercial mortgage backed securities soared $10 billion in June, hitting a 12-month high. Read
Top 10 places to start over
If you're looking for a place to get a fresh start on life, you should consider moving to one of these places. Read
Available
- Direct lender for FHA, Fannie, Freddy, VA, USDA, Jumbo, and other loans
- Same day loan decision (pre-approvals)
- 30-day closes (45-days for FHA)
- Condo (conversion) financing services.
Information
- FHA loans down to 560 Fico
- 50-70% LTV stated income loans (600-700 Fico needed)
- 95% LTV Fannie Mae condo loans
- Loans for non-residents
- Rehab and construction loans
- Non-warrantable property
- Reverse mortgages
- Commercial loans
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"All the problems of the world could be settled easily
if men were only willing to think."
Thomas J. Watson, former President of IBM (1874-1956)
;)
;)
