RECENT BLOG POSTS
Working with a buyer (over age 62) that is looking to buy a home, but prefers not to plunk down entire proceeds of home sale for the new purchase. With the HECM purchase loan, my clients will buy a new home putting down less than 50% and keep most of their proceeds working for them - and no mortg...
I am seeing more seniors being turned down for traditional financing because of high DTI, yet I can help them by consulting with them on a reverse mortgage.
Telling renters to stop paying someone else's mortgage! Come to our FREE first time home buyers seminar tomorrow: RSVP http://communitychallenge.eventbrite.com/
What would be the economic impact on a a community if 125 first time buyers made the commitment and wise choice to purchase a home? With the $8000 tax credit, that is One Million Dollars coming into an economy. Invite your friends, coworkers and associates to attend the Million Dollar Challenge ...
It should not surprise anyone that minimum FICO score requirements for FHA are being increased. The minimum was 500 2 years ago - now 640.
From Flagstar Bank: All FHA loans will require a minimum credit score of 640 for all borrowers. Beginning 8/15
A million dollars - that's the minimum that could be injected into economy if 125 first-time buyers took advantage of the tax credit. Benchmark Mortgage, along with other professionals, invites you the Waterbird Banquet Hall @ 556 Indian Boundary Road in Chesterton, Tuesday, August 11, 6:30. to t...
Certainly lower rates, a lifeline to Fannie and Freddie and a $7500 tax credit for FTHB is good news, but I see no relaxing of guidelines. You must plan for your mortgage!