gabriel libutti: 100% USDA Financing Still Available exclusively from Gabe Libutti at Dover Mortgage! - 09/08/10 08:58 AM
Dover is still closing and funding 100% USDA loans! Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it. The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home. Dover offers this program in NC, SC, VA … (0 comments)

gabriel libutti: 100% USDA Financing Still Available exclusively from Gabe Libutti at Dover Mortgage! - 07/19/10 07:19 AM
Dover is still closing and funding 100% USDA loans!
 Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it.  The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home.  Dover offers this program in NC, SC, VA … (0 comments)

gabriel libutti: Fast closings with Local Processing, Underwriting and Closing! Gabriel Libutti - 04/28/10 01:29 AM
There is no room for Fraud in our Industry. If the borrowers do not qualify, turn them down. You are doing them a favor and protecting the itegrity of our industry! Putting borrowers in to homes that they cant afford hurts everyone! "Mortgage fraud is still on the rise, according to a report released Monday, despite efforts by law enforcement and policy makers to rein it in. Incidents of mortgage fraud perpetrated by industry professionals increased 7% in 2009, after jumping 26% the year before, said the Mortgage Asset Research Institute (MARI), a division of LexisNexis. The worst-hit states include Florida, … (0 comments)

gabriel libutti: Local Processing, Underwriting and Closing leads to fast decisions, good or bad for your borrowers! Dover Mortgage Conmpany is the Place. - 04/27/10 10:11 AM
Having been in this business as a Loan Officer and Producing Sales Manager since 1996, I have owned my own brokerage and worked for banks both big and small.  Once the idea of ever owning a brokerage in NC was taken away by legislation and net worth requirements I thought that my dream job in the mortgage industry was gone forever.
Boy was I wrong!  Dover Mortgage Company in Charlotte, NC is a special place.  Remember the days when you could speak to a live underwriter about a loan file?  How about getting an answer on a particular product from the … (0 comments)

gabriel libutti: 96.5% LTV Construction to Perm Financing Nationwide with 660 Credit Score! - 03/06/10 01:54 AM

Home renovations on sale Materials costs are plunging, and contractors are begging for work. Suddenly that long-postponed remodel is looking like a smart idea. If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you've postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task. The reason: Costs are starting to drop - in … (0 comments)

gabriel libutti: Do I still have time to get my $8000 tax credit? Apply in the next 2 weeks and the answer is yes! - 03/06/10 01:40 AM
Nab a real estate deal - while you still can  
If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move.
While home prices remain low, they're no longer free-falling in most markets. Mortgages are historically cheap. And the sweet tax credit that was offered to new buyers last year has been extended to April 30 and expanded to include current homeowners too.
But for all the motivation to act quickly, buying right now is not a no-brainer. In some areas … (0 comments)

gabriel libutti: 80% Jumbo Financing nationwide from Gabriel Libutti at American Home Bank! - 02/18/10 07:18 AM
Who said Jumbo Financing is Dead? Gabriel Libutti is closing them as fast as they come in. Look at these American Home Bank Guidelines! Construction to Permanent Loans • 80% LTV / CLTV Purchase and Rate and Term Refinances • 80% LTV / CLTV Cash Out Refinance • 75% LTV / CLTV o Cash out limited to $500,000 for LTV >55% <=75% Dont believe what you hear in the news. American Home Bank wants your business and we have the money and resources to close oyur Jumbo Purchases and Refinances today! Call me today at 704-657-6192 and I will help you … (0 comments)

gabriel libutti: CTP/Renovation Loans Nationwide on HUD REOS with only $100 down!!! - 02/08/10 08:30 AM
6 ways to ensure a remodeling project pays off! Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Remodeling magazine, the average return on value for an upgrade declined from 87% in 2005 to 64% in 2009. But these six new rules will help you maximize your return on your remodeling investment. Rule No. 1: Repairs get the biggest returns The smartest money now goes … (0 comments)

gabriel libutti: USDA 100% Financing Nationwide from Gabriel Libutti! - 02/05/10 02:57 AM
Are you looking to purchase a home in a rural community, but wondering where to begin looking for help with a home mortgage? Good news! The U.S. Dept. of Agriculture (USDA) has developed a home loan guaranty program that can help you find a lender and obtain a home loan mortgage. The USDA Rural Development program offers partnered lenders a guaranty on loans provided to qualified borrowers for housing in rural communities. With the help of this program, you can be living in a home with little or no money down!
A USDA Rural Development home loan offers qualified borrowers a … (1 comments)

gabriel libutti: Should FHA home loans be more expensive? NO!!!!!!!!!!!!!!!!!!!!!!! - 12/02/09 06:30 AM
The federal mortgage insurer's reserve fund has slipped below its mandated minimum. Now the FHA and some lawmakers want to raise up-front costs for borrowers. Should it be more expensive to get a mortgage insured by the Federal Housing Administration? That is the question the House Financial Services Committee is examining on Wednesday afternoon. Currently, FHA loans comprise more than 30% of the entire home-loan market. But as some of those insured loans have defaulted, the FHA loan-guarantee fund has slipped below the Congressionally mandated 2% level. As a result, some lawmakers are suggesting that FHA loans need to be more … (0 comments)

gabriel libutti: 30 Year Fixed Rate at 4.375%. Refinance Now! - 11/30/09 05:30 AM
Option ARMs: Housing recovery killer? An explosion of foreclosures will result from option ARMs set to reset to higher payments. Rates provided by Bankrate.com. NEW YORK (CNNMoney.com) -- Option-ARMs: File under, "It sounded good at the time." These exotic mortgages allowed homebuyers to come to closing with little cash and choose, monthly, how much to pay: interest and principal, interest only, or a minimum amount less than the interest due. Of course, the last option is the one 93% of option-ARM buyers selected, according to a new report released this week by Standard & Poors. But eventually, everyone has to pay … (0 comments)

gabriel libutti: 30 year fixed rate at 4.375%! Time to Refinance Now! - 11/27/09 12:44 AM
Home prices climb for 2nd straight quarter S&P/Case-Shiller index shows prices up 3.1% from 3 months earlier, but down nearly 9% from a year ago. NEW YORK (CNNMoney.com) -- Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday. Prices nationwide rose 3.1% in the three months ended Sept. 30, according to the S&P/Case-Shiller Home Price Index, a closely watched gauge of housing market direction. That followed a similar 3.1% rise during the second quarter of the year. Prices were still below a year ago, however, … (0 comments)

gabriel libutti: 96.5% ltv Construction Lending Nationwide with 620 Credit Score! - 11/03/09 04:48 AM
Home renovations on sale Materials costs are plunging, and contractors are begging for work. Suddenly that long-postponed remodel is looking like a smart idea. (Money Magazine) -- If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you've postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task. The reason: Costs are starting to drop … (3 comments)

gabriel libutti: Gabriel Libutti! Your HUD Repo Specialist Nationwide! 203B, 203B with Repairs and Hud 100 Down! - 11/03/09 04:36 AM
Is it time to dump your ARM? Some 1.5 million adjustable-rate mortgages reset soon. If yours is one of them, you need to decide whether to lock in your rate and refinance into a new loan. (Money Magazine) -- If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortgage during the housing boom, you've probably spent the past couple of years waiting for your day of reckoning to come. After all, you've probably heard repeated warnings that when your ARM resets your payments would spike dramatically: an especially big problem if you used a low-rate ARM … (0 comments)

gabriel libutti: $8000 First Time Homebuyers Credit! Still time to close before deadline! - 11/02/09 02:38 AM
$8,000 home credit still in play Negotiations about whether and how to extend and expand the tax credit for homebuyers are moving quickly. Here are the latest developments. NEW YORK (CNNMoney.com) -- Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it would look like? That's understandable, since the situation is still very fluid. Here's where things stand. Support for the credit: There is still bipartisan support in Congress for extending the credit past Nov. 30 and making it available to more homebuyers. The Obama administration wants the credit extended for a "limited period," Treasury Secretary Tim … (0 comments)

gabriel libutti: Fast FHA Closings, just in time to get your clients the $8,000 tax credit! - 11/02/09 02:33 AM
Home sales contracts rise for 8th straight month Real estate rally attributed to first-time homebuyer tax credit that expires at the end of November. NEW YORK (CNNMoney.com) -- The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday. The September Pending Home Sales Index from the National Association of Realtors (NAR) spiked 6.1% to 110.1, consolidating a 6.4% gain in August. It was the index's highest level since December 2006, when it stood at 112.8. The leap was far better than expected. A panel of … (0 comments)

gabriel libutti: 96.5% ltv Construction Lending Nationwide with 620 Credit Score! Gabe Libutti at American Home Bank - 10/29/09 06:30 AM
Millions of homes to get smart meters Government announces $3.4 billion in grants to help pay for 18 million meters as part of stimulus plan. NEW YORK (CNNMoney.com) -- Some 18 million smart meters are set to make their way into American homes as part of the economic stimulus plan focusing on energy efficiency, Energy Department officials said Tuesday. The meters, which are designed to more effectively communicate with utilities and appliances, and help consumers manage their electricity more efficiently, are being distributed by utilities around the country with partial funding from the federal government that was allocated under the stimulus … (0 comments)

gabriel libutti: 96.5% Construction to Perm-203 K Alternative from Gabriel Libutti and American Home Bank - 10/28/09 06:11 AM
Foreclosures: 'Worst three months of all time' Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading. NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday. "They were the worst three months of all time," said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes. During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice … (0 comments)

gabriel libutti: Renovation Loans with a 620 Credit Score up to 96.5% LTV! - 10/26/09 05:57 AM
Pick the right pro at the right price To keep a lid on home-improvement costs, hire only the expertise you really need. (Money Magazine) -- For anything from a small upgrade to a major remodeling job, perhaps the most important decision you'll make is whom to hire. You'll seek out a top-notch worker with a stellar reputation, of course, but first you'll have to decide what kind of expert you're looking for. That choice can have a dramatic effect on the cost of your project. Whether you're wondering if you really need an architect to design your new den or debating … (0 comments)

gabriel libutti: Lets expand the $8000 tax credit for all home buyers! - 10/15/09 04:33 AM
Push on to expand $8,000 tax credit Some want to expand the tax credit for homebuyers. Supporters say it could stem price declines. Critics say it would just be a costly, temporary fix. NEW YORK (CNNMoney.com) -- Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers -- potentially applying it to all but the wealthiest homebuyers. Supporters say doing so would further boost home sales, stabilize housing prices and generate jobs. Opponents say extending and expanding the credit would be a waste of money and only temporarily stave off further price declines. The credit now … (0 comments)