Posts filed under Mortgages
Top Three Myths About Your Credit Scores
Posted Wed, Feb 6th 2013 9:32 am
We picked up these myths from Experian (the credit reporting bureau) and thought they would be interesting to share: Myth #1: Checking my own credit report will lower my scorePersonal inquiries, a...
Posted Wed, Feb 6th 2013 9:32 am
We picked up these myths from Experian (the credit reporting bureau) and thought they would be interesting to share: Myth #1: Checking my own credit report will lower my scorePersonal inquiries, a...
HUD Makes Changes to FHA Loans!
Posted Thu, Jan 31st 2013 9:12 am
Yesterday HUD released changes to their FHA mortgage lending practices: They consolidated their pricing for the two reverse mortgage programs Standard Fixed-Rate Home Equity Conversion Mortgage ...
Posted Thu, Jan 31st 2013 9:12 am
Yesterday HUD released changes to their FHA mortgage lending practices: They consolidated their pricing for the two reverse mortgage programs Standard Fixed-Rate Home Equity Conversion Mortgage ...
100% Loan - Can You Still Get One?
Posted Mon, Jun 4th 2012 8:28 am
100% Loans - Can You Still Get One? 100% financing used to be fairly common during the "boom" years of 2003-2007, but nowadays it is almost a thing of the past. There still are a few programs tha...
Posted Mon, Jun 4th 2012 8:28 am
100% Loans - Can You Still Get One? 100% financing used to be fairly common during the "boom" years of 2003-2007, but nowadays it is almost a thing of the past. There still are a few programs tha...
Update on BB&T's CHIP Mortgage Loan Program
Posted Wed, Feb 29th 2012 10:04 am
BB&T has changed their guidelines for their CHIP loan program as follows: 100% financing for HH income under $50,400 in any area, with min. credit score of 680 97% financing for HH income u...
Posted Wed, Feb 29th 2012 10:04 am
BB&T has changed their guidelines for their CHIP loan program as follows: 100% financing for HH income under $50,400 in any area, with min. credit score of 680 97% financing for HH income u...
The $25 Billion Settlement With Mortgage Lenders: What Does It Mean To Homeowners?
Posted Fri, Feb 10th 2012 9:01 am
The $25 Billion Settlement With Mortgage Lenders: What Does It Mean To Homeowners? On Thursday the five major mortgage lenders reached a $25 Billion settlement deal with the federal government to ...
Posted Fri, Feb 10th 2012 9:01 am
The $25 Billion Settlement With Mortgage Lenders: What Does It Mean To Homeowners? On Thursday the five major mortgage lenders reached a $25 Billion settlement deal with the federal government to ...
BB&T's CHIP Loan Changes Eligibility Parameters
Posted Mon, Dec 19th 2011 10:06 am
Up until now, BB&T's CHIP loan has been one of the few options that still provides the ability to borrow 100% loan-to-value for certain geographic areas that included Cainhoy, Hanahan and parts of ...
Posted Mon, Dec 19th 2011 10:06 am
Up until now, BB&T's CHIP loan has been one of the few options that still provides the ability to borrow 100% loan-to-value for certain geographic areas that included Cainhoy, Hanahan and parts of ...
UPCOMING CHANGES TO USDA 100% RURAL LOANS !!
Posted Mon, Aug 8th 2011 11:19 am
The USDA Rural Mortgage Loan was one of the only remaining 100% loan-to-value opportunities for lower income buyers who do not have a lot of savings for downpayment. Bobby Wallace from Anchor Mortg...
Posted Mon, Aug 8th 2011 11:19 am
The USDA Rural Mortgage Loan was one of the only remaining 100% loan-to-value opportunities for lower income buyers who do not have a lot of savings for downpayment. Bobby Wallace from Anchor Mortg...
*** UPDATED ALLOWABLE SELLER CONTRIBUTIONS FOR BUYERS ***
Posted Thu, Aug 4th 2011 12:22 pm
Robert Weaver from Ikon Mortgage put together this information - which I found really informative - about the maximum allowed contribution from Seller to Buyer depending on the LTV (loan-to-value r...
Posted Thu, Aug 4th 2011 12:22 pm
Robert Weaver from Ikon Mortgage put together this information - which I found really informative - about the maximum allowed contribution from Seller to Buyer depending on the LTV (loan-to-value r...
WHY PAY PRIVATE MORTGAGE INSURANCE (PMI)?
Posted Sat, Mar 5th 2011 3:02 pm
Why Pay Private Mortgage Insurance (PMI)? Reese Ward from Benchmark Home Loans, one of the mortgage providers we work with sent me this article which I thought was interesting to share: "Private ...
Posted Sat, Mar 5th 2011 3:02 pm
Why Pay Private Mortgage Insurance (PMI)? Reese Ward from Benchmark Home Loans, one of the mortgage providers we work with sent me this article which I thought was interesting to share: "Private ...
WELLS FARGO RELAXES CREDIT SCORE REQUIREMENTS
Posted Fri, Feb 4th 2011 12:15 pm
WELLS FARGO RELAXES CREDIT SCORE REQUIREMENTS Wells Fargo announced last week that they will consider issuing mortgage loans to buyers with lower credit scores. FHA loans are usually requiring a ...
Posted Fri, Feb 4th 2011 12:15 pm
WELLS FARGO RELAXES CREDIT SCORE REQUIREMENTS Wells Fargo announced last week that they will consider issuing mortgage loans to buyers with lower credit scores. FHA loans are usually requiring a ...
Mortgage Loans for Doctors, Dentists
Posted Wed, Dec 8th 2010 5:48 pm
Bank of America announced it is launching a new loan program for medical professionals The Doctor Loan from Bank of America is for licensed, practicing physicians or residents, dentists or other e...
Posted Wed, Dec 8th 2010 5:48 pm
Bank of America announced it is launching a new loan program for medical professionals The Doctor Loan from Bank of America is for licensed, practicing physicians or residents, dentists or other e...
Condo Loans Now Require HO6 Insurance
Posted Fri, Mar 12th 2010 7:30 am
Condo Loans Now Require HO6 Insurance All CONDO LOANS, including those backed by the government, Fannie Mae & Freddie Mac, now require the buyers to purchase HO6 (contents/wall-in) insurance, and ...
Posted Fri, Mar 12th 2010 7:30 am
Condo Loans Now Require HO6 Insurance All CONDO LOANS, including those backed by the government, Fannie Mae & Freddie Mac, now require the buyers to purchase HO6 (contents/wall-in) insurance, and ...
Show Me the Money!
Posted Wed, Mar 3rd 2010 3:32 pm
Blog Author's Note: This article does not necessarily reflect Keller Williams' or my own point of view. But Robert brings up some key points that I thought would be interesting for would-be buyers ...
Posted Wed, Mar 3rd 2010 3:32 pm
Blog Author's Note: This article does not necessarily reflect Keller Williams' or my own point of view. But Robert brings up some key points that I thought would be interesting for would-be buyers ...
Buy Fast! FHA is Changing Its Guidelines!!
Posted Fri, Feb 12th 2010 2:30 pm
Buy Fast! FHA is Changing Its Guidelines!! Starting this summer, the Federal Housing Administration (FHA) is tightening its lending guidelines as a way to shore up its finances. FHA loans are curr...
Posted Fri, Feb 12th 2010 2:30 pm
Buy Fast! FHA is Changing Its Guidelines!! Starting this summer, the Federal Housing Administration (FHA) is tightening its lending guidelines as a way to shore up its finances. FHA loans are curr...
30-year Fixed Mortgage Rates Fall Below 5%
Posted Wed, Jan 27th 2010 8:30 am
30-year Fixed Mortgage Rates Fall Below 5% Two major economic stories this past week influenced mortgage rates favorably: First, the news that China intends to slow down its economic growth to tr...
Posted Wed, Jan 27th 2010 8:30 am
30-year Fixed Mortgage Rates Fall Below 5% Two major economic stories this past week influenced mortgage rates favorably: First, the news that China intends to slow down its economic growth to tr...
FHA Toughens Down Payment Rules, Raises Mortgage Insurance Premiums
Posted Mon, Jan 25th 2010 8:12 am
FHA Toughens Down Payment Rules, Raises Mortgage Insurance Premiums The Federal Housing Administration (FHA) announced that will raise the minimum down payment required for its higher risk borrowe...
Posted Mon, Jan 25th 2010 8:12 am
FHA Toughens Down Payment Rules, Raises Mortgage Insurance Premiums The Federal Housing Administration (FHA) announced that will raise the minimum down payment required for its higher risk borrowe...
How to Get an Easy Mortgage Loan...
Posted Sat, Dec 19th 2009 6:23 pm
How to Get an Easy Mortgage Loan... Many clients ask me the same question: How can I get better prepared to go smoothly through the loan approval process with a lender? Great question! And one th...
Posted Sat, Dec 19th 2009 6:23 pm
How to Get an Easy Mortgage Loan... Many clients ask me the same question: How can I get better prepared to go smoothly through the loan approval process with a lender? Great question! And one th...
Do You Know Your PNPs? Savvy Borrowers Know Them Well!
Posted Mon, Oct 19th 2009 11:45 am
Do You Know Your Mortgage PNPs? Savvy Borrowers Know Them Well... If I had been asked this question yesterday, I would have returned a blank stare. I read last week a very informative article on I...
Posted Mon, Oct 19th 2009 11:45 am
Do You Know Your Mortgage PNPs? Savvy Borrowers Know Them Well... If I had been asked this question yesterday, I would have returned a blank stare. I read last week a very informative article on I...
CREDIT SCORES VS. RISK OF DEFAULT - BIG SURPRISES!
Posted Mon, Oct 5th 2009 5:35 pm
The Washington Post reported on a national study done by credit bureau Experian and consulting company Oliver Wyman on 24 million credit files. The results of the study are both surprising a...
Posted Mon, Oct 5th 2009 5:35 pm
The Washington Post reported on a national study done by credit bureau Experian and consulting company Oliver Wyman on 24 million credit files. The results of the study are both surprising a...
WHEN CAN YOU STOP PAYING MORTGAGE INSURANCE (MI, PMI, MIP)?
Posted Thu, Sep 17th 2009 12:45 pm
Lenders require mortgage insurance for conventional loans when buyers don't bring 20% or more of the purchase price as equity to their closing. Mortgage insurance only protects the lend...
Posted Thu, Sep 17th 2009 12:45 pm
Lenders require mortgage insurance for conventional loans when buyers don't bring 20% or more of the purchase price as equity to their closing. Mortgage insurance only protects the lend...