financing: Missing Down Payment Money
- 06/01/09 07:16 AM
You need a lender who knows how to work with cities who have down payment money. There is local money available, as well as the National Stabalization plan from the Federal Govenment. Programs vary by city or county but have the money your clients need to buy that home. It's a pretty simple process dependent on income, counseling time, and credit. You don't even need a home picked out before you apply. A good loan officer will help you get the necessary paper work together for your client to apply. The National Stablization program offers higher income levels but has strict … (0 comments)
financing: Good News Banks Are Doing a Gentle Rate Increase on Adjustable Mortgages
- 06/03/08 11:03 AM
I would make lots more money by telling you to refinance right away but I am going to suggest the following instead. Is your mortgage interest will be adjusting in the next 6 months. If you are one of the many people who bought at the height of the market and your property is worth less today, there is good news from many banks. Many of the lenders are gently raising the interest rates by small amounts so payments are going up by only $50-$70 not $100s. So instead of trying to refinance, having to bring in money to make up the difference … (0 comments)
You need a lender who knows how to work with cities who have down payment money. There is local money available, as well as the National Stabalization plan from the Federal Govenment. Programs vary by city or county but have the money your clients need to buy that home. It's a pretty simple process dependent on income, counseling time, and credit. You don't even need a home picked out before you apply. A good loan officer will help you get the necessary paper work together for your client to apply. The National Stablization program offers higher income levels but has strict … (0 comments)
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