doug jones nmls 286668: Home Affordable Refinance Program 2.0 is here
- 02/15/12 02:33 AM
HARP 2.0 is here and I can't seem to get excited about it. The original HARP was to have assisted 5,000,000 people and ended up assisting less than one million. Of course that is fantastic that almost one million were assisted. But if I were to project a number to my company for a sales result and only hit 20% I would be fired or at least not taken seriously for a long time. HARP hit just under 20% of the projected number. What HARP 2.0 (Home Affordable Refinance Program) does is removes the 125% value cap. It does not … (1 comments)
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doug jones nmls 286668: Wells Fargo exits Reverse Mortgage Market ( I still do them !)
- 06/18/11 05:36 AM
Wells Fargo has announced that they will exit Reverse Mortgages completely. Our office may have been one of the last brokers to fund a Reverse Mortgage with Wells. We still offer Reverse Mortgages--simple rules; 62 years +, equity, no credit requirement, and no income requirement. Below is the announcement:
Wells Fargo the undisputed industry leader for reverse mortgage production announced plans today to exit the reverse mortgage market.
The decision was announced today in a press release. The reasons cited for the exit was based on today's unpredictable home values along with the restrictions associated with reverse mortgages that make it difficult … (0 comments)
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doug jones nmls 286668: 3.92% possible when the rate is 4.75% ? yes, read on
- 05/14/11 12:33 PM
This blog shows some of the possibilites available to first time home buyers.Is it possible to get a 3.92% interest rate when the actual note rate on the loan is 4.75% ? The answer is "Yes" and here is the explanation.The answer is by using the Down Payment Assistance Programs and the MCC program and blending the interest rates. The City of San Jose offers their "Welcome Home" program for qualified first time home buyers. The loan requires no payments and is for $25,000. MCC is a program for first time home buyers and allows a tax credit. Having said that, … (1 comments)
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HARP 2.0 is here and I can't seem to get excited about it. The original HARP was to have assisted 5,000,000 people and ended up assisting less than one million. Of course that is fantastic that almost one million were assisted. But if I were to project a number to my company for a sales result and only hit 20% I would be fired or at least not taken seriously for a long time. HARP hit just under 20% of the projected number. What HARP 2.0 (Home Affordable Refinance Program) does is removes the 125% value cap. It does not … (1 comments)
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