monmouth county: Condos & Financing - FHA approvals
- 12/10/12 10:44 AM
CONDO APPROVALS If you own or are looking to buy a Condo/Townhome with an association or management fee collected, you will want to be aware of a potential issue regarding financing. The majority of lenders will require that the condo association provide proof of financial stability and other reporting before you can obtain mortgage financing. FHA maintains a list of approved associations, but the list contains only about 25% of all condos! Many of the previously approved condos had their approvals revoked or expired in 2011 & they failed to re-apply, or could not qualify. Realtors & owners/buyers can look here … (2 comments)
monmouth county: Do you know what an energy efficient mortgage is?
- 07/01/11 05:37 AM
Do you know what an energy efficient mortgage is? Perhaps you've been at a closing and heard the attorney mention this odd form the buyer had to sign....or heard a mortgage rep mention this program before. If you are showing a home that is need of new windows, or has an outdated or old furnace or Central A/C unit for example, then you may want to know about these options for the buyer's loan. A buyer can add the cost of the replacement items to the loan, without affecting the qualifying ratios. This allows the buyer to stick with a low … (0 comments)
If you are in the market for a mortgage to purchase or refinance a home, please contact:
Jeff Coon Branch Manager Freedom Mortgage Corporation Bus: (732)938-2252 x303 Cell: (732)547-4651 Fax: (732)938-2493 jeff.coon@freedommortgage.com NMLS ID#19375 Licensed by NJ Division of Banking & Insurance Over 25,000 hours of experience! … (0 comments)
monmouth county: FHA fee hike: more news
- 02/23/11 02:45 AM
The FHA commissioner, David Stevens just released this letter in an attempt to 'explain' the recent adjustment to the FHA mortgage insurance annual premium- this is the part of the MIP that is paid monthly in a mortgage payment. February 18, 2011 On February 14, I announced a new premium structure for FHA single-family mortgages, increasing the annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30-year and 15-year loans. It is important for everyone in the industry to understand the reason for this action. After careful consideration and analysis, we determined it was … (0 comments)
monmouth county: Top 5 Reasons Why Agents need a Lender Relationship
- 01/03/11 04:01 AM
As a Real Estate Agent, one of the best things you can provide to your clients is advice. Most buyers ( and sellers for that matter ) look to their agents as a source for information to help guide them through a very complex process to buy/sell a home. During the course of your career you will undoubtedly have the experience of working with numerous local professional service providers with varying results. As a trusted advisor, you are in a clear position to provide insight as to which providers may be best suited to work with your clients. Realtors are often asked to … (3 comments)
Monmouth County Real Estate Agents & Home Buyers Take Notice! Freedom Mortgage Corporation, located at 1800 Route 34 North in Wall Twp, NJ specializes in residential purchase loans, from pre-approval to closing. Here are some things we offer: Free Mortgage Pre-Approval, credit report review, & instant automated Fannie Mae & FHA underwriting via desktop underwriting. Shop with confidence! Unlimited quotes on homes of interest, & we will help structure your offer to get you the best result! Easy to apply, no upfront fees, & a … (0 comments)
Monmouth County Real Estate Agents & Home Buyers Take Notice! Freedom Mortgage Corporation, located at 1800 Route 34 North in Wall Twp, NJ specializes in residential purchase loans, from pre-approval to closing. Here are some things we offer: Free Mortgage Pre-Approval, credit report review, & instant automated Fannie Mae & FHA underwriting via desktop underwriting. Shop with confidence! Unlimited quotes on homes of interest, & we will help structure your offer to get you the best result! Easy to apply, no upfront fees, & a short list of items(documents)to collect. Consultations available by phone, fax, email … (0 comments)
CONDO APPROVALS
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