helena: FHA vs Conventional Tip #1 - 08/06/09 06:11 AM
FHA guidelines will allow the seller to pay up to 6% of the contract price toward purchasers closing costs, pre-paids and discount points.
Conventional guidelines will allow the seller to pay up to 3% of the contract price toward purchasers closing costs, pre-paids and discount points.
This is very important for the first time homebuyer purchasing homes below $150k.  I recently had a client approved for FHA financing but the property was not FHA approved.  Client had enough money to put a 5% down-payment and qualified for conventional, except...the seller could now only pay 3% of closing which left a shortfall … (3 comments)

helena: Refinancing Your Home - 06/26/09 02:34 PM
Refinancing your currrent mortgage can be very beneficial to your financial situation.  Whether you are doing a rate and term refinance or a cash-out you may be able to save hundreds of dollars per month.
In today's economic times it is important for your money to work harder for you.  There is still money to lend and we are closing loans everyday. 
Remember, the people refinancing today are the one's who will be purchasing a new home in 6-12 months.  Do you know anyone in need of getting themselves in a better financial situation?
(1 comments)

helena: Helena Alabama Real Estate - 01/26/09 03:10 PM
If you are in the market to purchase a home in Helena, AL you have picked a wonderful area to raise a family, enjoy life and simply relax. 
Helena is very unique.  The City caters to families and is always planning special events for family participation.  The school system is excellent and you will feel like your neighbors truly care about you.  Old Towne Helena is filled with specialty shops where you are certain to find one of a kind treasures.  Don't miss a chance to take a tour and see for yourself.
For more information please contact Debbie Hutchins, Realtor … (0 comments)

 
Rainmaker large

Valerie Springer

Home Loan Officer AL, FHA, VA, Conventional and Re

Birmingham, AL

More about me…

Benchmark Mortgage nmls 2143

Address: 2700 Corporate Drive, Ste 200, Birmingham, AL, 35242

Office: 205-314-4775

Mobile: (205) 746-1284

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog