ARCHIVED BLOG POSTS
2010
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Check Out All of These Little-Known Sources for FHA Down Payment! Have you heard or thought of this before? "I'd like to buy a home but don't have the money for the down payment or closing costs!" There are a lot of lesser-known alternative sources of funds that are acceptable to FHA! Gift Funds ...
08/25/2010
This will further explain what HUD is doing on FHA loans as I described last week. Check out this link as Frank and Brian show how it will affect buyers of homes. Get off the fence and get in contract and a case number ordered before September 7. http://www.thinkbigworksmall.com/mypage/archiv...
08/09/2010
News Flash-HUD Announces MI changes effective September 7, 2010 - UFMIP will be reduced to 1.00% on all amortization terms. Annual MIP will be increased to .9% for LTV's >95% and amortization terms >15 yrs. Mortgagee Letter to be released shortly. Here's a link to the letter from David Stevens. h...
08/05/2010
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Fannie Mae has a great new website out to help you to understand what your options are besides foreclosure. I thought this would be something useful to pass on to you either for yourself or someone you know that may be going through this. Here is the link: http://knowyouroptions.com/ Feel fre...
08/04/2010
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New Rules Make For a Bumpy Ride to the Closing Table The mortgage world is controlled by at least 8 different government agencies (and I wouldn't be surprised if the CIA was one of them). There are more rules than one can say "grace" over these days - so here is a list of obstacles that could...
08/03/2010
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(All info provided assumes existing loan was originated on or after December 15, 1989) An FHA assumable loan can be an attractive feature when selling or listing your home for both the buyer and seller, especially in today's declining value market. Here are some quick facts on FHA assumptions: ...
08/02/2010
Rainmaker
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Jayne Combs
Mortgage Analyst and Strategist