danbury ct: Connecticut Mortgage: CT Lower FICO Score Mortgages, Stated Income Mortgage Programs: Connecticut
- 03/30/08 02:22 AM
Did you know?? Benchmark Mortgage Connecticut is Still Offering....... All bank statement loans- this is in place of full documents and is a great program for self employed! 2 yrs 1099 program same as full doc SIVA/MVP self employed only down to 580 fico 80% LTV refi only, with a 620 fico 85% LTV refi or purchase. Requires 0 X 30 last 18 mths, non-FTHB BK buy outs, when someone is paying $1000 a month plus their mortgage of $600 per month, when they could be spending $1000 a month total for both mortgage and BK. Mortgage lates. We will do a 560 fico, full doc, 80% … (0 comments)
danbury ct: Economic News Update - Leo Namiot Benchmark Mortgage Connecticut
- 03/18/08 03:28 PM
Consumer prices on goods, food, and fuel are increasing. Consumer confidence, manufacturing, and housing is decreasing. Unemployment is nearing levels seen in the past two economic recessions and investors have soured on mortgage-backed bond securities. Corporate earnings continue to be dismal as a result of a slowing economy and losses associated with poor mortgage investments. Inflation is on the rise as a result of the 2.25% decrease in the Fed's short-term interest rates and mortgage rates are rising. We are not in a recession by definition. Some economists keep telling themselves this, however, if we are not formally in a recession … (1 comments)
danbury ct: Connecticut Mortgage Rates Start To Climb
- 02/07/08 12:58 PM
Connecticut Mortgage Rates Start To Climb and Are Heading Back Towards The 6's again.... Are you missing the window of opportunity? Mortgage rates over the past couple of weeks have dipped as low as 5.125% on a Conforming 30 Year Fixed Mortgage, The past couple of days rates have been on the upswing and now approach 6%, many lenders I checked today are now over 6%. If you are thinking of refinancing your current mortgage or on the fence about buying a home, don't let this window of opportunity pass. Contact The Connecticut Benchmark Mortgage Team Today! www.benchmarkCT.com
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danbury ct: Connecticut Commercial Lender - up to 97% LTV - Benchmark Mortgage
- 01/17/08 10:22 AM
Commercial Mortgages - Purchase or Refinance up to 97% LTV for owner occupied properties Great programs for first time investors or seasoned investors Low Cost Fees FAST CLOSINGS! 30-45 Days Typical Closing Time Flexible Underwriting Apply Now With No Upfront Fees ~ Free Pre-Approvals Bank said no? Call Benchmark Mortgage for your commercial mortgage needs Leo Namiot Benchmark Mortgage Thomaston, CT 860-283-0000 www.BenchmarkCT.com Commercial Lending Nationwide
danbury ct: Why are First Time Home Buyers So Smart? Blinded By the Rate: Connecticut CHFA Rate 5.25% today
- 01/12/08 12:55 AM
It amazes me that so many first time home buyers think that they know it all....When they actually have not been told it all at all! The First Time Home Buyer calls a lender and the lender says " We have CHFA which offers 5.25% rate for first time home buyers " They think wow, now that's a great deal! - But do they get the facts? Unlike most loan officers who are just trying to sell a buyer on rate, I have always based my business on being 100% honest, giving the buyers the pros and con's of every program that meets their individual needs, … (0 comments)
danbury ct: Mortgage applications rose 32.2% last week: MBA
- 01/09/08 10:09 AM
Have you notice more activity in homes showing and sales over the past week? For some reason the past 7 days have been the busiest we have had since last summer! If this is a sign of the market to come I welcome it! Interest rates have been going down and near all time lows which helps stimulate buyers. It appears that the market has been getting busy based on the MBA reports from last week. "CHICAGO (MarketWatch) -- Applications for mortgages jumped a seasonally adjusted 32.2% in the week ended Jan. 4 compared with the week before, due largely to a sharp increase in refinancing filings, … (7 comments)
danbury ct: Connecticut Mortgage Rates Are Falling - Connecticut Mortgages
- 01/04/08 07:15 AM
What a great time to be a home shopper......... Rates dropped again this week closing around *5.5% for a 30 year fixed with no points! If you are thinking of buying a home there can not a better time than now to buy a home or refinance. Rates have dropped to near record lows. We have not seen rates like this in about 2 years! Home Prices Have DroppedMortgage Interest Rates Are Near Record LowsIt's Winter which is considered OFF Season so seller are more motived to make deals!100% Financing Is Still Alive and Available To Qualified BuyersHousing Inventory is plenty so you have more … (1 comments)
danbury ct: Join the Benchmark Mortgage Connecticut Team - Take your career to the next level in 2008
- 01/01/08 03:09 AM
Connecticut Loan Officers - Join The Benchmark Mortgage Team Benchmark Mortgage is a direct mortgage lender with over 300 offices nationwide, we provide a very aggressive pay out for experienced loan officers. We believe Benchmark offers the best platform in the U.S. for Loan Officers who want more from their business and want to bring their careers to the next level. Overworked and unfulfilled? What if you were truly rewarded? Would working for a company that values your commitment, talents and results make a difference? We know that when you have the best people on your team, you have the power to be the … (0 comments)
danbury ct: A.P.R. vs Interest Rate : Understanding the difference - Benchmark Mortgage Connecticut
- 12/27/07 02:46 AM
What is the difference between the interest rate and the A.P.R.? You'll see an interest rate and an Annual Percentage Rate (A.P.R.) for each mortgage loan you see advertised. The easy answer to "why" is that federal law requires the lender to tell you both. The A.P.R. is a tool for comparing different loans, which will include different interest rates but also different points and other terms. The A.P.R. is designed to represent the "true cost of a loan" to the borrower, expressed in the form of a yearly rate. This way, lenders can't "hide" fees and upfront costs behind low advertised rates. While … (1 comments)
danbury ct: Connecticut First Time Home Buyer Tips From The Benchmark Mortgage Connecticut Team
- 12/27/07 02:14 AM
First Time Home Buyers - Get an Inspection Whether you are buying or selling a home, you should have a professional home inspection performed. A home inspection will look at the systems that make up the building such as: Structural elements, foundation, framing etc Plumbing systems Roofing Electrical systems Cosmetic condition, paint, siding etc If you are buying a home, you need to know exactly what you are getting. A home inspection, performed by a professional home inspector, will reveal any hidden problems with the home so that they may be addressed BEFORE the deal is closed. You should require an inspection at the … (0 comments)
danbury ct: Merry Chrsitmas To All and To All A Good Night!
- 12/24/07 07:02 AM
To all active rain members and visitors, from my family to your family: May you have the spirit of Christmas - Peace, anticipate the gladness of Christmas - Hope, and feel the heart of Christmas - Love Happy Holiday's , Enjoy and Be Safe..... Leo Namiot Benchmark Mortgage Connecticut Mortgage Lender Benchmark Mortgage, Thomaston, Connecticut http://www.leolends.com/ Connecticut Mortgage Specialists - Residential and Commercial Call 860-283-0000 - 860-482-7674 … (3 comments)
danbury ct: Connecticut For Sale By Owner Marketing - Connecticut Real Estate For Sale
- 12/24/07 06:22 AM
Connecticut For Sale By Owner Marketing Are you trying to sell your home yourself? Benchmark Mortgage Connecticut Can Help.... The Connecticut Benchmark Mortgage Team has put together a FREE Marketing Package to help you sell your home and get more buyer leads and best of all it's 100% FREE! Get a FREE Yard signto use with a Toll Free # to advertise your listings so that buyers can call 24 hours a day 7 days a week to hear information about your property. This is 100% FREE and there is No Obligation To Buy Anything! Contact Leo Namiot 860-283-0000 for complete informtion and demo. Leo Namiot - … (0 comments)
danbury ct: Legistative Update
- 12/24/07 05:26 AM
Legislative Update Update # 1 - Mortgage Relief Passed by Congress & Signed Into Law by the President! On Thursday, December 20th, President Bush signed into law a bill passed by Congress: HR 3648 -Mortgage Forgiveness Debt Relief Act of 2007. The three major points are: · Elimination of the "phantom tax" on foreclosures, short sales or other discharges of debt on a primary residence. Consider this scenario: A property is worth $250,000, and the mortgage balance is $300,000. Under the old rules, if a lender forgave the $50k difference as part of a foreclosure, short sale, refinance or loan modification, the borrower had … (0 comments)
People need to realize it's not as easy as it seems.........People need to know not only the basics of renovations at a minimum, they also needs to know the market they are buying in. Do your home work!
danbury ct: Commercial Mortgage Program - Connecticut Mortgage Specialists Benchmark Mortgage
- 12/23/07 12:21 AM
Benchmark's Commercial Lending Program Easy Residential Style Underwriting and Processing Loan Amounts from $100K to $1.5 Million Property Types: Tier I: Multifamily & Mixed-Use Tier II: Office, Retail, Warehouse, Self Storage, Automotive, Light Industrial, Mobile Home Parks, Bed & Breakfast Tier III: Heavy Industrial, Marinas w/Ocean Access, Hotel/Motel, Funeral Home Tier IV: Health Care, Day Care, RV Parks, Gas Stations, Other Special Purpose Credit Scores: 680+ (Up to 90% LTV, 97% LTV on owner occupied) 640+ (Up to 80% LTV) Programs: 2 Year, 3 Year, 5 Year & 7 year ARM 15/20/30 Amortization Terms … (0 comments)
danbury ct: Fannie Mae Gives Us 3 Reasons Why Now Is A Good Time To Buy Real Estate
- 12/11/07 09:48 AM
Fannie Mae Gives Us 3 Reasons Why Now Is A Good Time To Buy Real Estate For the first since the dotcom era, the words "March First" will be associated with excess and speculation. Effective March 1, 2008, conforming mortgages will carry new fees designed to shield Fannie Mae from further weakness in the housing sector. This news comes from Fannie Mae's lender-specific Web site. The site carries an announcement titled "Adverse Market Delivery Charge". In it, Fannie Mae announces that a 0.250% fee will apply to all loans that it guarantees, effective March 1, 2008. To everyday people, that means that for every … (1 comments)
danbury ct: Interest Rates Fall Again: Connecticut Mortgage Update
- 11/26/07 11:57 AM
Credit Crisis, Fed Update and Peak Oil One of the more interesting aspects of the credit crisis is that very few financial institutions have said that their cash flows have been impacted by their multibillion-dollar write-downs. On Tuesday, however, Freddie Mac said that it lost $2 billion in the third quarter. The company also raised the possibility of slashing its dividend in half. This news rattled the market and helped accelerate the selling we saw before Thanksgiving. As the credit crisis persists, the flight to quality is relentless. The yield on the 10-year Treasury bond broke below the 4% barrier and is … (1 comments)
danbury ct: Connecticut Mortgages: Benchmark Mortgage Connecticut:CT First Time Home Buyer:Ct 100% Financing Mortgage
- 11/26/07 11:54 AM
Serve the needs of more borrowers with Benchmark's community lending program: MI coverage - LPMI allowedStated secondary income up to $1200 or 25% gross (whichever is less) allowed Up to 100% LTV/105% CLTV with approved Community Seconds Minimum 620 credit score at 100% LTV Non-traditional credit permitted No AMI limits in FannieNeighbors® areas and Border Regions Interested party contributions up to 6% Another Great Mortgage Product To Help Home Shoppers Become Home Buyers! Call Leo for complete details
danbury ct: 100,000.00 - Active Rain Points - This blog puts me over 100K
- 11/25/07 02:49 AM
It's been a long journey but today I hit my 100,000.00 Points Earned with this blog! I stumbled upon active rain a little over a year ago, I had no clue what a blog was at that time and quickly learned here on active rain. This web site has not only helped me figure our what blogging was all about but it also helped me grow personally and professionally. The members here in active rain always seem to out do what they did the day before. There are so many very knowledgeable people here that I can't begin to count them. Thanks active rain … (9 comments)
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