ri mortgages: Foreclosure/bankruptcy/short sale due to job loss? New program!!! - 05/06/14 12:21 PM
"BACK TO WORK PROGRAM" IS AVAILABLE NOW! This program reduces the "waiting period" after a bankruptcy or short sale or foreclosure to ONE YEAR.  
In order to qualify, you must meet several minimum eligibility standards. The first is that you must have experienced an "economic event" (e.g.; pre-foreclosure sale, short sale, deed-in-lieu, foreclosure, Chapter 7 bankruptcy, Chapter 13 bankruptcy, loan... modification, forbearance agreement). The second is that you must prove a full recovery from the event. Third, you must agree to complete housing counseling prior to application. You must also show that your household income declined by 20% or more … (0 comments)

ri mortgages: NOW WHAT? Missed the deadline re: FHA mortgage insurance on Friday? - 06/04/13 11:21 AM
Life is NOT over.  There are alternatives! 
This past Friday was the deadline to issue an FHA case number to avoid the forever mortgage insurance on down payments less than 10% down.  Effective on June 3, if a buyer places less than 10% down using FHA financing, the mortgage insurance will remain on the life of the loan: yes...FOREVER!  If the buyer can place more than 10% down, the mortgage insurance will last for 11 years.  The old rules were minimum of 5 years and the LTV must reach 78% of the original purchase price.
So, one might say: … (3 comments)

ri mortgages: Are you calm? How do you handle stress? - 12/04/09 09:34 AM
Are you calm enough for the real estate industry?  Can you handle the stress MOST of the time?
"The more tranquil a man becomes, the greater is his success, his influence, his power for good. Calmness of mind is one of the beautiful jewels of wisdom." James Allen (1864-1912), Author of "As A Man Thinketh"
According to James Allen, the calmer one is, the more successful one is.  Yes, it is difficult at times, especially when you work so hard on a deal and something/someone comes along and creates a "bump in the road" to the close.  Staying calm … (1 comments)

Ann Sabbagh, President, Sr. Loan Officer (Seacoast Mortgage Corporation, RI (20021119LB & 20031576LL), MA (MC2107)  & CT) Rainmaker large

Ann Sabbagh

President, Sr. Loan Officer

Pawtucket, RI

More about me…

Seacoast Mortgage Corporation, RI (20021119LB & 20031576LL), MA (MC2107) & CT


Office: 401-475-1600 x306

Mobile: 508-243-1190

Email Me

Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!




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