LenderBradford's Blog
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
ARCHIVED BLOG POSTS
2008
This is a great explaination as to why in more and more cases FHA is the best option for a buyer. FHA loans have been more wisely used in recent months as the choice of mortgages. What I hate hearing is that they have taken the spot of the subprime loans. This is not true by any part of the imag...
11/24/2008
Some information presented here is out of date. Call Tim Bradford for current information. For those that have not heard about the Ohio USDA Rural Home Loans, you may want to look at the program because it allows 100% Financing and there is no Monthly Mortgage Insurance. If your household income ...
11/19/2008
Attention Veterans - 100% Financing is still available to Veterans, also they do offer 100% Cash Out. Here is a chart that summarizes the refinance options. VA Home Loan Refinance Program Comparison VA Streamline Refinance VA Cash-out Refinance Cash-out Allowed No Yes Must Credit Qualify No ...
11/18/2008
Does anyone know about American Home Preservation? The reason for my question are the two companies that are acting as the development Team. Here is their website http://www.ahpoh.org/default.asp From the site they are a 501C3 corporation. Here is the press release that was on Sept 19, 2...
11/15/2008
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Comments
FHA has issued ML08-36 (http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ ) That sets the Mortgage Limits for 2009. The Mortgage Limits are a little less than the Temporary Increase that was made to FHA Loan Limits. Below is a chart of the new limits that take effect January 1, 2009. ...
11/11/2008
Below are links to two Mortgagee Letters regarding HECM Reverse Mortgages that were just issued. Click on the links to view the entire Mortgagee Letter or call your local Reverse Mortgage Lender. 08-35 HECM Mortgage Limits The Housing and Economic Recovery Act of 2008 (HERA) established a ...
11/06/2008
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Thanks for the insights and giving us something to think about today.Recently I asked a group of people over 65, "If you could live your life over, what would you do differently?" There were three answers: I’d take the time to stop and ask the big questions. I’d be more courageous and take more r...
11/06/2008
Here is the article in a more readable format. RISMEDIA, Sept. 17, 2008-With all of the mortgage industry's recent changes, especially those related to high loan-to-value loans, credit score-based pricing, and increased scrutiny around appraisals, we are recommending that agents counsel custome...
11/06/2008
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Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.