louisiana: Louisiana USDA Rural Development Loans No Down Payment Home Loans - 03/29/13 02:24 AM
The USDA Rural Development loan is a great option for Louisiana Homebuyers. 
 The USDA Rural Development Loan is one of the last loan programs that will allow you to buy a home without a down payment. Regardless of what you may hear in the media, you do not have to have a perfect credit history to qualify for this no down payment loan program.  In fact a Louisiana homebuyer can qualify for a USDA Rural Development loan in as little as 2 years after a hardship event that impacted their credit score.
 The Louisiana Rural Development loan requires a minimum … (1 comments)

louisiana: What is a VA Loan - 02/06/13 12:04 AM
The VA Loan program started 1944 as part of the original Servicemen's Readjustment Act also known as the GI Bill. The GI Bill was signed into law by Roosevelt and provided veterans with a federally guaranteed home loan that did not require a down payment. This feature allowed the dream of home ownership to become a reality for millions of veterans. The GI Bill contributed more than any other program in history to the welfare of veterans and their families.
With more than 22 million veterans and service personnel eligible for a VA loan, this loan is attractive and has … (1 comments)

louisiana: VA Streamline Refinance (IRRL or VA Rate Reduction) for Investment Non-Owner Occupied Homes - 02/02/12 10:37 AM
Can I get a VA IRRRL Streamline Refinance for my Rental home?  
This is a common question for Veterans and Active Duty Military Personell who have utilized their VA Benefit to purchase a home using a VA Loan, and then are transferred to another area, often via PCS.   Or if they have purchased another home to adjust to a new family size or larger home, etc.  
So what is the answer to the question - Can I get a VA IRRRL Streamline Refinance for my Non-owner occupied home?  (AKA Rental Home or Investment home).  The answer is Yes!   … (0 comments)

louisiana: Top Reasons to Refinance Your Mortgage - 09/15/11 05:44 AM
Naturally, if you’re paying 5% for your mortgage and you can refinance at 4%, you’re gonna do it. Although cutting your monthly payment remains an prime motivation, there are at least five other reasons people often consider a mortgage refinance.
1. Change your mortgage term If you decrease the term of your mortgage in a refinance by going from a 30-year to a 15-year, you’ll pay a lower interest rate and shorten your overall interest costs. You will build  more equity much quicker , and pay off your home much  sooner, even though your monthly payments may go up slightly.  This … (0 comments)

louisiana: Meet Bill McDonald Mortgage Lender - 09/02/11 04:30 AM
  As a mortgage lender I have come to realize that people do not WANT a mortgage.  In fact they work hard for 30 years to rid any they may have. What people WANT is a home, and just need a mortgage to satisfy that want.
It is with this understanding that I have decided to learn all I can about marketing the thing that the do want, homes.  I have compiled systems that will aid Realtors in acquiring leads, keeping the leads they have as well as generating buyer leads.
It is my goal to develop a mutually beneficial relationship with … (0 comments)

louisiana: Home Values Up in May 2011 - 07/28/11 03:01 AM
Standard & Poors released their 05/11 Case-Shiller Index this week. The index measures change in home prices from month-to-month, and year-to-year, in certain U.S. cities.
May’s Case-Shiller Index showed a 1% increase from 05/11. Home prices rose in 16 of the Case-Shiller Index’s 20 cities.  The cities that did not see an increase, Detroit, Las Vegas and Tampa, saw a decrease in value while Phoenix was flat.
Don’t look too into  into the numbers, though. Like the FHFA’s Home Price Index, the Case-Shiller Index is full of   flaws.
The first  such flaw of the Case-Shiller Index is its limited sampling space. Despite … (2 comments)

louisiana: Agents: Get More Listings and Sell More Homes in 2011 - 01/12/11 04:50 AM
Over 90% of home buyers begin their search online. Why not offer them all the information they need about your listings in one efficient site? AND use the same tools to bring in more listings & grow your business! You will find a listing presentation that will absolutely WOW your clients, a personalized URL for each property, virtual tours, and automatic marketing to over 12 online sites! With the tools that we are offering to our referral partners, you are able to gain a huge advantage over your competition and dominate your local market! Email me today at bill.mcdonald@acopiahome.com if you … (1 comments)

louisiana: Refinance to 15 Years - 09/09/10 06:38 AM
Many homeowners are deciding to take advantage of super low rates  and refinancing their current mortgage for 15-years. It's not for everyone since refinancing to a shorter term typically means making higher monthly payments. But for many people like the benefits come down to crunching the numbers and doing the math.
For one client, the shorter mortgage meant paying $500 more each month than the their 30-year-mortgage, but saving over $120,000 in interest payments. The extra payments are ok with them if they live within their means and aren't living extravagantly.
We are sensing a growing interest among some of their clients to focus … (1 comments)

louisiana: No Down Payment for Tennessee Home Loans, USDA Rural Development - 07/19/10 05:26 AM
USDA still offers their no down payment home loans are available for most areas of the state of Tennessee.  The " RD " is a great loan, in fact it is one of the only loan programs that has remain virtually unchanged through the recent upheavel in the mortgage industry.
 The program has relaxed credit score requirements when compared with conventional loan programs, as the minimum score requirement is only 620.  This allows for buyers that have had credit issues in the past, but has overcome them, to qualify for the purchase of a new home sooner.
Besides the greater opportunity … (1 comments)

louisiana: FHA to Tighten Lending Rules - 01/20/10 01:35 AM
The Federal Housing Administration announced the changes in 3 primary areas that will affect prospective home buyers.1. Increase the upfront mortgage insurance from the current 1.75% to 2.25%2. Increase the credit scores requirement to 580 for borrowers wishing to put less than a 10% down payment3. Reduce the amount the seller can pay towards the buyers closing costs from the current 3% to 6%.The only change that should cause grief to borrowers would be the reduction in seller paid closing costs. While FHA does not currently require a 580 score to qualify for an FHA loan, most lenders currently require a … (4 comments)

louisiana: Homebuyers can now use FHA loans for Bank-Owned and REO propeties - 07/22/08 01:15 AM
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure),  AKA REO properties.   REO stands for Real Estate Owned, which are essentially Bank Owned Repos.    Outdated regulations from HUD to prohibit property flipping and false price appreciation made it difficult for banks to sell recently foreclosed properties due to a HUD rule which prohibited the use of a FHA loan to purchase a home that had not been owned by the seller for atleast 90 days.   This has now been lifted until June 2009.  
(2 comments)

louisiana: Indymac Bank Closure may hurt Seniors' retirement planning options - 07/22/08 01:05 AM
On Friday, July 11, 2008 the Federal Government closed Indymac Bank.  It then reopened the bank under Federal oversight (FDIC) as Indymac FSB.   This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom.   Financial Freedom is a subsidiary of Indymac Bank, and was the number one provider of Reverse Mortgages to US seniors.  
Where should seniors look to now to find safe, secure Reverse Mortgage options?   NorStar Mortgage Group offers multiple programs for Reverse Mortgages, including the FHA backed HECM Reverse Mortgage.  (Home Equity Conversion Mortgage).    
Reverse Mortgages can be used … (3 comments)

 
Bill McDonald, VA, USDA, FHA Government Loans - (865) 686-8711 (Van Dyk Mortgage ) Rainmaker large

Bill McDonald

VA, USDA, FHA Government Loans - (865) 686-8711

Knoxville, TN

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Van Dyk Mortgage

Address: 57 Maple Grove Dr , Ste 202, Crossville, TN, 38555

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