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Mortgage and Lending - Academy Mortgage - NMLS#329710
Bond prices climbed for the fifth straight session Thursday, helped by a government auction of 30-year bonds. The dollar fell against the euro and gained versus the yen. That should keep mortgage rates on the way down. Ny tuesday of next week should be prime for locking conforming loans.
RECENT BLOG POSTS
I use these sites on occasion and found them usefull for refiance transactions I have found that values have been a moving target and advise anyone to consult a liscened realestate appraiser. Please feel free to post any other websites that would be handy   http://www.realestateabc.com/home-value...
12/26/2008
Borrowers participating in the Rural Development Program may have an income of up to 115% of the median income for the area. The allowable income depends on the county where the subject property is located and the number of members in the household. For more information regarding the income limit...
09/03/2008
All of Sussex County in Kent County the City of Dover is ineligible but the rest of the county qualifies    No First-Time Buyer RequirementThe Rural Development Loan is available to borrowers in need of housing?even when they have owned a home in the past. The loan is also available to borrowers ...
09/03/2008
    The VA charges a Funding Fee to most veterans who obtain a VA mortgage loan to help sustain the VA home loan program. The VA Funding Fee is between 1.5% and 3.3% of the loan amount and varies depending on your military classification, whether or not you have obtained a VA loan before, and th...
08/20/2008
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Listing Agents! At Wells Fargo Home Mortgage, we understand the challenges you face in today's market. The Wells Fargo Listing EdgeSM program offers you unique financing and marketing capabilities with the intent to give you the edge you need including: Special financing options Marketing Financi...
06/21/2008
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REO Simplified What does REO mean anyway? How is this different from the typical buying process? When considering a REO property - as with all properties - it is important to be well informed so you're well aware of the process from the first handshake through the closing. Q. What does REO mean?A...
06/21/2008
Only one major player in the mortgage market has never shifted to risk-based pricing - FHA, the largest federal mortgage program for first-time and minority buyers. But that may be about to change. Beginning July 14th, FHA will now utilize risk based pricing for mortgage insurance, giving borrowe...
06/20/2008
Can any one give me direction on the process for getting a condominium project FHA approved? Has anyone guided one through HUD? Or can you recomend anyone who would assist in this process? I know there is a couple of firms that specilize in it. Any help is welcome.I am not looking to get a 'spot ...
06/20/2008
Specialized Loan Programs Like your new home, you should choose your mortgage based on the specific features it offers and how those features support your unique homebuying needs. Our innovative loan programs give you the flexibility to manage your home asset the way you want to. Purchase & Reno...
06/19/2008
Single Family Mortgage Revenue Bond Program (SFMRB) Commonly referred to as the First-Time Home Buyers Program, this statewide program provides first mortgage financing at below-market interest rates to low- and moderate-income Delaware homebuyers who have not owned a home in the past three years...
06/19/2008
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