FHA Loans & FHA Mortgages : FHA has a "cash-out" and a "no cash-out" refinance. There are few major advantages when applying for a FHA cash-out refinance than possibly doing a conventional cash-out refinance. All scenarios are for primary residences only. On a side note, you can do a FHA refinan
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06/25/2008
How many times do we use the phrase, "I am so busy, there is not enough time in a day". As a professional mortgage banker, helping people with FHA loans and Conventional loans, I have been very busy the last few months. And there are times, no matter what month or time of day, I am beyond busy
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06/24/2008
The one million dollar question. Should you talk to a realtor first and find out what houses you could buy or should you speak to a loan officer first to get your financing options in place? Speak to a loan officer first. Time again, I get consumers coming to me after they found a house an
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06/23/2008
There are so many ways to market your house. The old conventional way is using the newspapers, especially for Sunday open houses. More and more realtors are using Craig's list, Active Rain, Facebook, and many other online services. Some of us forget about the easy to read Open House Sheets that
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06/22/2008
Dear Mr & Mrs Borrower, "What kind of payment do you want and or feel comfortable with?" This is a question that I always ask right in the beginning. But in many cases, what I get from the consumer when asking this question is, "what is my interest rate". And then I try to go into detail, ask
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06/20/2008
How many of you usually shop with those that have a better name or what we think, those who have a better brand name? I know I do. When I shop for clothes, I love shirts made by Polo. And yes, I generally pay for it in price, but I am also buying very good quality. But what about it when it come
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06/18/2008
Dad, Where to begin..... I remember moving around a lot, not happy most times, because we were always leaving friends behind and had to make new ones on the fly. I didn't like it at the time. But looking back throughout the years, it has made me a better and stronger person. I was shy back then
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06/14/2008
Mortgage Accelerator programs : Well, you sell mortgage accelerator programs. Or you are a consumer that is fascinated by certain programs such as the MMA (money merge accounts) which is sold by UFF or by CMG. UFF's program is all done through a second mortgage, home equity program. CMG doe
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06/14/2008
FHA loans are now acting slightly based on previous foreclosures and first payment defaults. Yes, there is some risk in any loan. HUD/FHA has been around since 1934 and even though they truly pride themselves on helping first time homebuyers and those with challenged credit, they are now raising
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06/14/2008
If you are a consumer looking to purchase or refinance, this is a must read. It could cost you thousands if you don't pay attention. This is not a threat, but a warning from someone that has almost 16 years of experience in the mortgage industry. When shopping for a mortgage, no matter if you pl
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06/11/2008
