mark taylor fha: USDA Loans are becoming harder to get as of 3/14/2011
- 03/05/11 06:28 AM
As we have all seen rules and regulations for all avenues are in a constant state of flux. It is a full time job just trying stay abreast of the proposals and what actually ends up coming into play. Well here is a major one for you. It is important to know that the USDA Backed mortgages with zero down are going to be much tougher to qualify for as of March 14th 2011 especially for Arizona USDA loans Chase Rural the largest buyer and backer of USDA loans has decided to start doing price adjustments based on FICO scores to (0 comments)
As most are aware there are 3 amazing subdivisions within Grayhawk as a whole each with their own character and style of home and amenities to be offered. Broken down as follows The Park at Grayhawk and The Retreat at Grayhawk which is all gated and has 2 sections The Raptor Retreat on the Raptor Golf Course, and the Talon Retreat on the Talon golf course. What a lot of people don't know are the subtleties of this community and as such there are rules and regulations, I would like to call "Tips and Tricks" to selling or buying in this community. (3 comments)
Come see what all the fuss is about and why so many top players and tournaments are played at this fantastic facility - whether you be visiting or looking to live in this community you must come and tee up a few on these 2 amazing courses. Golf is just not just a game it is a lifestyle and Grayhawk embodies this so eloquently. See what I mean You can play 36 holes of challenging and visually appealing golf at the 2 courses at The Grayhawk Golf Club
FHA Loans will cost more after April 18th 2011 - to see the Mortgagee letter For the Industry the Monthly Mortgage Insurance Premium hike is a good thing and a bad thing!
THE GOOD: The current monthly MIP charged on an FHA loan is 0.9%. But as of 4/18/2011 at 12:01 am it will go up to 1.15% a 25 bps hike with a ceiling still to be hit of 1.45% later in the year. Why is this good? - it is good because it gives the FHA insurance fund more money to meet the rising default rate on FHA loans (4 comments)
if you are not Blarming one thing is clear - your market share is dissappearing as fast as a snowman in Arizona. If you don't have an effective Blarm campain and the information on how to do it your business cannot grow! If you are still using mail as your method of communication Blarming will revolutionize the way you get business! As Real Estate Agents you believe you are the ultimate marketers and as proponents of Activerain you are 60% of the way to making that statement true! But being an effective (0 comments)
Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now If your ARM is due to adjust this spring, your best move may be to allow it. Don’t rush to refinance — your rate may be adjusting lower. It’s because of how adjusted mortgage rates are calculated. First, let’s look at the lifecycle of a conventional, adjustable rate mortgage: There’s a “starter period” of several years in which the interest rate remains fixed. There’s an initial adjustment to rate after the starter period. This is called the “first adjustment”. There’s a subsequent adjustment until the loan’s term expires. The adjustment (0 comments)