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Blog entries tagged with "financing":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
and brokers listed on this site. These real estate profiles, blogs and
blog entries are provided here as a courtesy to
our visitors to help them make an informed decision when buying or selling a house. ActiveRain
Corp. takes no responsibility for the content in these profiles, that are written by the members
of this community.
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Well, the lending industry is failing another one of lifes little inteligence tests. Just when you thought they would have gotten some smarts on the heals of really dumb decisions vis a vi the subprime fiasco, they make the same idiotic mistakes, in the opposite direction. This time, they are … (0 comments)
Unless you have recently purchased a home or refinanced the home you're currently living in, you may not be aware that insurance companies, not just lenders, are now looking at credit scores. According to the Insurance Information Institute (a non-profit organization, www.iii.org), insurance companies have learned that a person's credit history … (0 comments)
Most mortgages carry what is called an Acceleration clause, which is a section of the mortgage contract that may specify the due date of the payments, and also include the steps the lender will take in order to penalize the borrower for late payments, or if the borrower fails to pay at all. The Lender may … (0 comments)
Hello, I offer financing for any project, currently focusing, but not limited to Costa Rica. Open to negotiate terms directly with decision maker. Currently financing various projects internationally. Please contact via e-mail: amontero@thenextrealestateparty.com
Morning Friends,
Rate Lock Advisory - Thursday Sep. 4th
1. All first time home buyers purchasing a home between April 9, 2008 and July 1st, 2009 are eligible for a tax credit of 10% of the purchase price up to $7500. This tax credit is repayable over a 15 year period interest free. The buyer can use this credit to … (2 comments)
Has anyone had a good experiece with a buydown? Sounds like a very good thing for both the seller and the buyer. Would like any feedback.
Do you remember the day? 
Good morning,
When we received an offer on a house we have listed, the very first person we contact, even before the seller, is the Loan Officer who provided us with a pre-approval letter. We need to assure the seller that this offer is good, or not so good depending on what we … (5 comments)
For the week of September 2, 2008
I have a question I know that FHA has made some changes lately too there guidelines. I have been looking all day for a answer and thought of my friends here at AR Network.
I have learned so many things by reading so many of your blogs and experiences, but now … (5 comments)
August 23rd Century City Hospital closed. People were transferred out. I read that people were not paid for the last several weeks.
Homes for Sale West Wichita-Forest Lakes
Hello, everyone, happy Friday and hopefully a good 3 day weekend. I hope those folks fair well in Louisiana. Anywho...has anyone heard of the FHA Plus loan? This is a good product and it helps with the first time buyer assistance programs going way. Apparently, the buyer can still finance 100%, … (3 comments)
Well this isn't about awarding you amazing neighbor next door or praise about my neighbors whom I think are awesome, however it is great information for People looking to Purchase a Home and happen to fall in to the eligible category listed below.
I just got off the phone with a customer that is about to get taken advantage of, but there is nothing I can do about it. 
We thought it was gone but today I closed a transaction that gave the buyer a terrific rate, 30 year fixed, very low fees and 100% financing. The buyer even had credits from the seller so the net result was cash back to the buyer. So, have faith, there is 100% … (5 comments)
Pre-paid interest is one of the most confusing terms you will hear... it is quite simple once you understand it. So let me give it a try... 
I had several great experiences with Thornburg! It's a shame they are having so much trouble, but there aren't any buyers for their loans!
Many of my agent friends have been sitting around talking about " the bottom of the market". Interesting. The theory is that at some point,home prices do cease dropping, and stabilize. Then at some point begin to rise. History tell us this will happen. Why are they waiting for this? They … (0 comments)
Hello from Cedar Rapids, Iowa. Welcome to the IowaMortgageGuy Blog! Glad to have you as a guest and hope to see you back again soon. Hope you find the information useful and informative.
"I like things to happen; and if they don't happen, I like to make them happen." -- Winston Churchill
Many buyers don't know the real meaning between a pre-approval letter and a pre-qualification letter. This is not totally their fault as many lenders and mortgage brokers make this issue very confusing for different reasons.
The Federal Housing Administration (FHA) recently altered its guidelines as a result of the Economic and Housing Recovery Act of 2008. One significant change was the elimination of the seller-funded down payment assistance program. Often used by builders through non-profit organizations such as Nehemiah and Ameridream, this program enabled the seller … (0 comments)
Even with all the challenges surrounding FHA and conventional lending there still are two 100% choices. Following is a terrific loan that is geographic specific:
More than a simple land trust, this is a whole trust transfer system.
Because of the legality and complexity of contract law, it is my opinion that short sale proponents need to get a grip on reality.
Did you know that if you are a first time home buyer or you have not purchased a home in the last three years, you can take advantage of a $7,500 refundable tax credit? This wonderful opportunity will expire on 7/1/2009. The credit has to be paid back over a fifteen … (0 comments)
I was reading an article on MSN this morning about housing prices nationwide and how the economic slump has affected all classes even the wealthy. This one statement jumped out at me:
I found a home with my clients last Wednesday. They loved it. Problem was, there were two other offers for much more than my clients could afford. In Phoenix, AZ and Tempe, AZ properties have a tendency to go quick if they are bank owned and clean.
Fortunuately, for the average consumer, we still have 100% mortgage financing. As down payment assistance programs become non-existent it will be quite interesting to see what plays out within the next year to year-and-a-half. People are often amazed at what is asked and now required from them to obtain mortgage financing.
Manufactured / Mobile home financing is better left to the experts. This type of property is just DIFFERENT and, like anything else, if you do it every day you get REAL good at it. I've done financing on 1965 single wides, 100% VA purchases, tons of loans for homes in 55+ parks on … (0 comments)
I showed property this weekend and amongst the properties I showed to my client were a couple of short sales. I also had occassion to check a property which I previously mentioned in an earlier blog. 
Rural Development loans are available to more people than you may think. Here are some basic guidelines:
For those of you who own your home, celebrate!!!! And for those of you who still rent, don't fret, there are options for you. Contact me for your mortgage options - 910-228-7639 or SWinn@ShorelineFunded.com and contact Barbara Earley at Exit Homeplace Realty - 910-367-2381 or BarbaraEarley@RealExit.com. Barbara will find your Dream Home … (0 comments)
I just wanted to extend a welcome to Gary Rosenberg of International Mortgage. Gary is a mortgage broker in my community of Paia. He assists clients throughout the island of Maui. With current financing uncertainties, it can help to have a lender like Gary in your quiver. He has relationships with … (9 comments)
Fannie Mae and Freddie Mac's quasi-government status has always been a sore point for free market investors. It now looks like the biggest buyers of Mortgage-Backed Securities are pulling back from their stated purpose as organizations.
What if I told you that the human mind is so powerful, that if you thought hard enough you could transport yourself. You would probably tell me to stay off the sauce... joke. In all seriousness, consider this: there isn't any technology, architecture or otherwise, that didn't begin with a single … (4 comments)
So you got an offer on your house. You like the price but what is this about ‘seller to pay 3% of purchase price towards buyer's closing costs?' Basically the buyers are asking for you to pay the expenses that they will incur in purchasing your home. These can include costs … (0 comments)
I just found about a lending organization called the Neigborhood Assistance Corporation of America (NACA). They just opened an office in Denver, so the Denver Post featured them in an article last Sunday. This is a new loan program backed by Bank of America and Citigroup, that's trying to keep people … (0 comments)
Arrived at a closing on Monday with my Seller, and the Buyer arrived with out a Cashiers Check for her 11K+ Funds due at closing. hmm! she wasn't told by her agent or her lender what the requirements and expectations were. The Buyer had to leave and go to the Bank, … (12 comments)
Many times Buyers need to increase their Credit Score before purchasing a home.Below are five simple methods that can help ......
In a constantly changing market-both real estate and lending markets, I am constantly having to find new sources for loan approvals. It is getting almost impossible to get a mobile home financed at a rate and down payment the buyer can afford. Most buyers in our area seeking a mobile home, … (4 comments)
I just came across an interesting article in yesterday’s SJ Mercury, Square Feet, which reports on an innovative program in San Mateo County called “HEART” that funds first-time home buyers. To qualify, a buyer must have a household income less than $150K, a FICO score of 680 or higher, and the … (0 comments)
When working with your buyers, they may be shy of meeting all the financial requirements to purchase a home. Here are sources and strategies that may help.
I'll bet with all the financial crunch you thought that the 100% financing was a thing of the past. But I know a way that you can still get a home with zero down and zero closing cost. Check me out on the web at www.therogersrealtor.com see some of the listings … (0 comments)
I get this question all the time, and there's a lot of misinformation floating around out there, so I decided to get you some clarification. This is as of 8/1/08.
I have been using this product more and more often lately so I thought I'd put it out there for everyone to see!
Simply put, your income does not affect your credit score. Whether you make 30k per year or 200K - you may share the same scores.
Every week it seems there is some I get news from the mortgage markets to make it more difficult for people to buy a home. In this entry I don't have good news with this regard, but I just wanted to remind people of option that is availble still but has a deadline.
In recent weeks, the owner of the real estate company I work for has had several people come in wanting to buy homes. They had taken no action to secure financing, but they wanted to buy houses.
When customers come to us looking for a home, we want to know what they can afford before we invest a lot of time in working with them showing them product that is beyond their means.
I spend a few minutes each day answering real estate related questions online by email or on websites set up for the public to ask questions and receive responses. I've noticed similar questions tend to come up and sometimes I know I've answered it before, but can't recall where. There … (0 comments)
Hi Everyone,
As a buyer, you may find yourself drifting on an ocean of financing options. As lenders tighten their requirements, there are a few aspects of the loan application of which you should be aware before applying for a mortgage.
This is an AMAZING program that will give buyers what they need in closing costs, out of pocket expenses(ie...home inspection) and actually might have something left over for them to leave the closing table with. 
Here are a few rules when considering an FHA loan.
We have available a summary of the first time homeowner benefits included in the 2008 Housing and Econmic Recovery Act. Please e-mail diane@BoykinTeam.com and we'll be happy to send you the details.