renovation mortgage: Declining Markets Zip Codes
- 07/15/08 05:50 AM
AIG United Guaranty - has just told me that the "Homestyle Remodeler" rehab product through FNMA will no longer be insurable (LTV >80%) in areas designated as a "Declining Market". If you are not sure if a property is in a declining market, here is a link to UG's ZIP code finder: https://www.ugcorp.com/rates/DecliningMarketsZIPCodeSearch20080326.xls … (0 comments)
renovation mortgage: FHA Breaking News: HUD’s 203(k) Rehab Program Gains Popularity
- 01/07/08 12:02 AM
HUD's 203(k) Rehabilitation Program Effectively Restores Communities and Increases Homeownership Opportunities Rehabilitating a home through HUD's 203(k) Rehab Program involves various single family mortgage insurance programs administered by the FHA. According to HUD, the mortgage loans are obtained through FHA-approved lenders, which submit applications to conduct credit approval of the buyer and have the property appraised. The lenders fund the mortgage loans that are then insured by HUD. Importantly, the 203(K) Rehab Program is HUD's most effective and used program for the rehabilitation and repair of single family homes. Thus, it is an invaluable resource for community and neighborhoods that wish … (8 comments)
renovation mortgage: Try This Cash Experiment for Just One Month
- 11/13/07 08:23 AM
Tom Peters was out running errands when he realized he had left his wallet home. Fortunately, he had stowed some cash in the glovebox for just such an occasion. As he quickly depleted the reserve, he noticed something. "I, doubtless like you, pay for stuff with plastic," he writes in his blog at TomPeters.com. "There is many an 'ouch' in the process. But the credit-card 'ouch' is a far cry from peeling off $138 at the grocery store, $37 to fill a ... Subaru, $77 at one of my ordinary stops at the book store and a couple of others. One's … (3 comments)
renovation mortgage: Renovation Lending CE Course
- 11/07/07 02:31 AM
RENOVATION LENDING Presented by Howell M. Haunson In Howell's course entitled "Mortgage Fraud and the Realtor", we learned of the many dangers of mortgage fraud and how to recognize them. Now Howell offers a course on a loan that often appears to be considered a "fraudulent loan" yet is actually a great purchasing opportunity for many buyers and is legal when done properly. Learn how to recognize the difference and see the advantages this conforming loan can offer to your purchasers. Howell M. Haunson is the Education Director for Morris|Hardwick|Sneider and he regularly delivers lively and interesting interactive seminars on topics such as real … (0 comments)
renovation mortgage: What your mortgage partner hasn't told you.
- 11/03/07 10:00 AM
A while ago I sat down with a Realtor team to make a presentation on how we (Renovation Mortgage Plus) could assist with moving inventory that this agent team was responsible for. Before the presentation I spent 15 minutes or so listening to their method of doing business and their experience with mortgage companies. As I do with all of my partners I informed them that we do not want to disrupt current mortgage relationships we would like to be the Renovation Lending Experts that they use when the time is right. As I was presenting solutions on how we could be of … (0 comments)
Workshops are being held to preserve, enhance and revitalize Georgia's housing inventory in spite of the increase in foreclosures.
Alpharetta, GA. - Renovation Mortgage Plus (RMP) has announced that it has pooled all their resources to begin to educate Owner-Occupant Homebuyers in the communities throughout Atlanta and surrounding suburbs how homebuyers can now purchase, renovate and occupy Bank-Owned Properties by using FHA, Fannie Mae and Freddie Mac backed mortgage financing which the staff at RMP affectionately calls a Home Improvement Purchase Mortgages.
The free general public workshops are a results of RMP's effort to promote Owner-Occupant Homeownership … (0 comments)
renovation mortgage: For REO Agents Only (Georgia)
- 10/25/07 03:20 AM
Dear Agents: Allow me to introduce our company as experts in renovation lending. Our Home Improvement Purchase Mortgage's (HIPM) are ideal for REO inventory for many reasons. We have over 10 years experience in renovation lending and we are members of REOMAC. I'd welcome the opportunity to visit with you to share how we can help you sell your inventory faster. Regards, Diego Hodge, Wizard of WOW! … (3 comments)
renovation mortgage: You Never Know Who's Watching
- 10/25/07 03:06 AM
This an experience that I'm sure everyone could benefit from since we all are in the customer service business win which our success is measured in the amount of real estate that we transact. I recently met with a buyers agent and her client. The buyers agent has a current relationship with another mortgage company that provides traditional financing for all of her clients. We met only because her client was purchasing a foreclosure as a primary residence and this specific property needed minor repairs but the buyer wanted to extend a room and upgrade the kitchen which turned into major improvements. The … (5 comments)
renovation mortgage: New Program for Buyer Agents Specializing in Bank-Owned Properties
- 10/18/07 06:22 AM
REO Premier Program "We absolutely love this program" says Mario Boles a Mortgage Advisor at Renovation Mortgage Plus "This program will allow a buyer's agent the ability to get engaged in the Bank-Owned Property Market and develop a niche in a maturing real estate environment." Click here for a program flyer … (3 comments)
renovation mortgage: New Program for REO Listing Agents
- 10/18/07 06:18 AM
REO Listing Advantage Program For agents that list and market Bank-Owned Properties, Renovation Mortgage Plus has created the REO Listing Advantage Program. "We both (Agents and RMP) have the same goal which is to put a family into the home of their dreams. What better time to team up with our realtor partners and enforce that commitment than now" said Diego Hodge who is a RMP Mortgage Advisor. Click here for a program flyer … (1 comments)
renovation mortgage: Your thoughts...revised
- 06/11/07 01:27 AM
As a mortgage professional I always find it helpful for my business to assist a real estate agent to win at their business first. I have always read surveys that are conducted by third party companies about the relationship between a agent and a mortgage officer however I would like to know first hand from die-hard agents As a real estate agent what are the top 3 things that you look for when dealing with a mortgage professional? … (5 comments)
AIG United Guaranty - has just told me that the "Homestyle Remodeler" rehab product through FNMA will no longer be insurable (LTV >80%) in areas designated as a "Declining Market". If you are not sure if a property is in a declining market, here is a link to UG's ZIP code finder: 
;)
;)
