mortgage loan: 4% 15 Year Fixed Officially Available!! No Points!
- 03/02/10 05:28 AM
That's right, now you can get a 15 Year Fixed Loan @ 4% (apr 4.228). Here are some of the requirements to get this loan: Primary Residence, Rate and Term refinance, LTV 80% or less, Loan Amount $150,000 or greater, credit score 720 or greater, and 1 % Origination fee, NO discount points or processing fees. Other restrictions may apply, please call for details. P.S. If you would like to eliminate the origination fee, the rate would be 4.25% (apr 4.329) with a possible credit back to you towards closing costs.
Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com and www.tampa-mortgage-broker.blogspot.com … (0 comments)
mortgage loan: Refi Plus - The New Refinance Loan
- 03/12/09 04:09 PM
Here are some of the finer points of the new refinance program being offered to lenders by Fannie Mae, and hopefully offered by lenders to brokers. That information is still forthcoming. Maximum LTV Ratio The maximum LTV ratio for DU Refi Plus and Refi Plus is 105 percent. There is no maximum CLTV or HCLTV; however, new subordinate financing is not permitted in conjunction with a DU Refi Plus or Refi Plus transaction. MI Requirements For new refinance transactions with an LTV ratio that exceeds 80 percent, MI may or may not be required depending on the current MI coverage … (0 comments)
mortgage loan: Hope For Homeowners - Hopeless for brokers?
- 01/19/09 04:13 PM
I think a lot of us brokers were looking forward to the H4H loan last year as a possible life line to help us stay in business. Oh yeah, and there's that helping the borrower thing too. Well, i think on both accounts, this program is a bust. This program was seriously flawed from the beginning, and it seems after some minor tweaking by the powers that be, it is still just as undesirable. I know that I thought this could be a way to keep afloat in this horrific market all the while helping borrowers keep their homes. I am … (6 comments)
mortgage loan: 4.5% 30 Year Fixed is officially available!!!
- 12/16/08 05:07 PM
depending on your loan scenario (credit score, ltv, down payment), you are now able to obtain a 30 year fixed rate mortgage loan @ 4.5%. these rates are available to anyone who qualifies, and they are not restricted to 1st time homebuyer programs. … (5 comments)
mortgage loan: Avoid Mistakes That Could Cost You Thousands
- 07/22/08 06:47 AM
Selling your home can be an exhausting experience. Last minute walk throughs, inconvenient calls, price adjustments and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing hundreds, even thousands, of dollars in profit. The difference between a profitable smooth transaction and a break even, miserable experience is often a fine line. In the majority of cases it comes down to the subtle know how of your professional. By utilizing the knowledge of well trained real estate professionals, you'll ensure the quick, profitable sale of your home. This report … (4 comments)
That's right, now you can get a 15 Year Fixed Loan @ 4% (apr 4.228). Here are some of the requirements to get this loan: Primary Residence, Rate and Term refinance, LTV 80% or less, Loan Amount $150,000 or greater, credit score 720 or greater, and 1 % Origination fee, NO discount points or processing fees. Other restrictions may apply, please call for details. P.S. If you would like to eliminate the origination fee, the rate would be 4.25% (apr 4.329) with a possible credit back to you towards closing costs.
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