Weekly Mortgage Update

 It is no question that FHA is getting worse and worse to deal with. On April 1st, what used to be a 5 year requirement for already expensive mortgage insurance, will be changing to a 30 year requirement. Forget the 78% LTV requirement, or having 20% equity in your home. It simply does not matter...

How do I apply for a Reverse Mortgage? You can apply for a Reverse Mortgage when you become 62 years of age. You have worked very hard to own your home, and the Reverse Mortgage can be a great way to help supplement your retirement income. The Reverse Mortgage is designed for many different purpo...

Watching the State of the Union Address last night, one would think that President Obama is winning on all fronts with the way he speaks about everything. What he is asking for however, is a VOTE. On many topics, including increased gun laws, jobs, and more specifically, the allowance of every h...

First Off, I know I mentioned I was going to BLOG about the day to day process of the 203K Process, however I think to sum it up, I will just outline the rehab cost and specifications of repair, and end this blog with a testomonial of my client who we closed with last week. Here is the specs of t...

If you are thinking about "FIXING and FLIPPING" a home as an investment property, and you have cash to pay for the home, or are using Hard money to fund the transaction at 10-12% with 4 points, I tip my hat to you, until FHA comes up with a product that will be investment property rehabilitation....

Looking for colorado commercial lenders to get set up with on the wholesale side.   Please email your guidelines and broker package to loans@brianquigley.com or call me at 720 524 3215   Thanks,   Brian

Borrower is builder who bought existing home for $500K in 9/08   He tore it down and built a new owner occupied home which sits on 1 acre   He owes $450K on first, and $150K on second   He wants 100-150K cash out   I need a refinance, probably hard money   He is self employed, with hard to prove ...

5 Tips on Buying A Banked Owned REO   The new home sales index came out today and it reported that 46% of new home purchases in this market are foreclosures. Construction is down 65%, building permits are at an all time low, and the deepening housing values are making it harder for homeowners to ...

5 Tips on Buying A Banked Owned REO   The new home sales index came out today and it reported that 46% of new home purchases in this market are foreclosures. Construction is down 65%, building permits are at an all time low, and the deepening housing values are making it harder for homeowners to ...

5 Tips on Buying A Banked Owned REO The new home sales index came out today and it reported that 46% of new home purchases in this market are foreclosures. Construction is down 65%, building permits are at an all time low, and the deepening housing values are making it harder for homeowners to re...