Rodney Mason - Conv, FHA, VA, USDA, Renovation

HomePath Renovating Financing is Here!!!! Prospect Mortgage is now one of the few lenders across the country to offer the HomePath Renovation financing option for Fanne Mae REO properties in Georgia.  HomePath mortgages are only available for select Fannie Mae REO properties.  Eligible HomePath p...

Spring is here.  Today, March 21st, is the official start of the 2011 spring season.  There are already signs of retuning visitors from years past.  We have already had several warm days, so the returning flowers are once again beginning to bloom.  It wont be long before to time to add to the fl...

Does Fannie Mae require a new credit report right before closing?  The answer to this question is no.  It is true that many lenders are in fact pulling a new credit report the day of or just a few days prior to closing.  This is due to an mis-interpretation of an announcement that Fannie made in ...

A much needed lane change will be taking place on I-85 Southbound in Atlanta.  The Georgia Department of Transportation is working to re-stripe one lane of I-85.  This will allow for easier merging of the southbound Georgia 400 traffic.    Currently, two lanes of Georgia 400 merge into one then u...

Theater of the Stars has announced its 2011- 2012 season lineup for the Fabulous Fox Theatre.  The season will open on June 21, 2011 with Joseph and the Amazing Technicolor Dreamcoat.  The 2011 - 2012 show line up includes: Joseph and the Amazing Technicolor Dreamcoat - June 21 - 26, 2011 Joseph ...

Changes has just been announced to the USDA loan program.  One change will be the implementation of an annual fee of 0.30 percent of the outstanding principal balance.  This will take effect on October 1, 2011.  At that time, the up-front guarantee fee for purchase transactions will decrease from...

While you may have had some of your clocks adjust automatically, some will not.  When you get in your car today, you might want to double check the time on your clock there.  Unless you have a newer model car, it may not automatically adjust.  From 1987 through 2006, the beginning and ending date...

In case you forgot, Daylight Savings Time begins tomorrow at 2 am. Be sure to check all of your clocks.  If not, you may be showing up an hour late for something.  From 1987 through 2006, the beginning and ending dates for DST were the first Sunday in April and the last Sunday in October.  Beginn...

Think twice before you pay off collections accounts or charge offs. For someone wanting to pay off collection accounts, it is suggested that you do it as part of the loan approval process.  Paying off a collection account can actually bring an old account to a current derogatory status.  That may...

The answer to this question is yes.   With a Consultant FHA 203K Renovation mortgage, HUD allows for up to 6 months of PITI to be financed into your new FHA 203K mortgage.  This allows borrowers the ability to more easily maintain two homes for a brief period of time.  The maximum number of month...