Posts filed under Mortgages
BB&T's CHIP Loan Changes Eligibility Parameters
on 12/19/11
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 ...
on 12/19/11
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 !!
on 08/08/11
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...
on 08/08/11
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 ***
on 08/04/11
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...
on 08/04/11
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)?
on 03/05/11
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 ...
on 03/05/11
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
on 02/04/11
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 ...
on 02/04/11
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
on 12/08/10
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...
on 12/08/10
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
on 03/12/10
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 ...
on 03/12/10
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!
on 03/03/10
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 ...
on 03/03/10
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!!
on 02/12/10
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...
on 02/12/10
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%
on 01/27/10
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...
on 01/27/10
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
on 01/25/10
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...
on 01/25/10
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...
on 12/19/09
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...
on 12/19/09
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!
on 10/19/09
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...
on 10/19/09
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!
on 10/05/09
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...
on 10/05/09
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)?
on 09/17/09
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...
on 09/17/09
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...
TO "LOCK" OR TO "FLOAT"?
on 08/20/09
TO "LOCK" OR TO "FLOAT"? It is very important for home buyers or for those who want to re-finance to be aware that in these volatile financial markets we are living in, interest rates on mortgages...
on 08/20/09
TO "LOCK" OR TO "FLOAT"? It is very important for home buyers or for those who want to re-finance to be aware that in these volatile financial markets we are living in, interest rates on mortgages...
WATCH OUT! THE NEW 3-7-3 RULE!
on 08/05/09
Keli McClarty from Atlantic Bank sent me a copy of this article, that I believe synthezises the new changes effected recently on the mortgage industry, and which are essential to keep in mind when ...
on 08/05/09
Keli McClarty from Atlantic Bank sent me a copy of this article, that I believe synthezises the new changes effected recently on the mortgage industry, and which are essential to keep in mind when ...
HVCC, HERA, HOEPA - New Regulations for Mortgage Industry
on 07/15/09
The Federal Government has been busy trying to regulate the mortgage industry to try to avoid the continuing debacle caused by the sub-prime mortgage debacle. In 2008, Congress passed the Home Owne...
on 07/15/09
The Federal Government has been busy trying to regulate the mortgage industry to try to avoid the continuing debacle caused by the sub-prime mortgage debacle. In 2008, Congress passed the Home Owne...
Are Banks Socially Responsible?
on 07/08/09
On May 1st, Wells Fargo, one of the nation's largest mortgage lenders, decided to tighten its underwriting standards for 200 markets they considered as distressed or soft, requiring higher down pay...
on 07/08/09
On May 1st, Wells Fargo, one of the nation's largest mortgage lenders, decided to tighten its underwriting standards for 200 markets they considered as distressed or soft, requiring higher down pay...
Credit Scores vs. Mortgage Rates
on 06/08/09
Recent changes in the mortgage industry has made Fannie Mae (and most lenders) to review their pricing for conforming loand (under $417,000) to better reflect risk by adjusting their pricing (i.e. ...
on 06/08/09
Recent changes in the mortgage industry has made Fannie Mae (and most lenders) to review their pricing for conforming loand (under $417,000) to better reflect risk by adjusting their pricing (i.e. ...
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