Know exactly what you’re getting when shopping for a home loan. by Joel Carson Despite many lenders’ tight purse strings today, a Utah home loan is still well within your reach. Discount housing prices make this the perfect time to buy a Utah home and settle into your piece of the American Dream! Did you [...]
Tag Archives: Mortgage
Phoenix Mortgage Refinance Relief Program for Underwater Mortgages
The much anticipated details of the new Home Affordable Refinance Program (HARP) rules have been released – NOW WHAT?? If you haven’t heard, HARP is designed to help Phoenix home owners with mortgage rates above the current market refinance that previously couldn’t because of appraised value restrictions. The old HARP program limited lenders to refinancing [...]
The Most Common Roadblocks to Home Ownership
As most of us are already aware, the credit industry has been dealt a series of blows over the past two years, which has left many banks gun shy when it comes to lending money to borrowers with anything but perfect credit and credentials. Your professional REALTOR has helped you find your dreamhome and you [...]
18% of NAR Members Reported Their Most Recent Sales Contract Did Not Go To Closing
The September 2011 REALTOR® Confidence Index released by the National Association of Realtors® revealed that 18% of NAR Members indicated their most recent sales contract did not end a real estate closing. The cancellations were due to appraisal issues (3%), potential buyers not being approved for mortgage financing (4%), or other problems (11%.) Real estate [...]
Who Gets the Money When the Property is Sold?
Priorities Upon Sale (Mortgage, Lien, Execution) Ontario Real Estate Source By Brian Madigan LL.B. What happens when there is a mortgage, construction lien and execution against the property? How does the money get distributed? Let’s consider the simple straightforward case. Here, the property is worth $300,000, and the buyer secures a first mortgage of $250,000. [...]
Phoenix Home Buyer Foundation Program
PHOENIX HOME BUYER FOUNDATION PROGRAM Helping families rebuild the foundation after suffering from a foreclosure or short sale. What is Phoenix Home Buyer Foundation Program? Phoenix Home Buyer Foundation Program was founded on the idea to assist people in purchasing a home again and help stabilize home prices in the Phoenix community at the same [...]
Understanding Appraisals and Appraised Values
An appraisal is required by your lender when you apply for a mortgage or refinance your home. It is merely a report prepared by a certified property appraiser which determines the value of your home based upon the size, lot size, upgrades and amenities, age and room additions. The borrower is required to pay for [...]
Will Someone Please Turn On The F@#king Radio????
As each day passes, new loan guidelines continue to prove that those setting the policies are clueless. After all, the guidelines are created to prevent lenders from extending credit to borrowers that may be susceptible to default creating a loss. Denying a loan should be for such reasons as the loan is believed to have [...]
Restaurants and the Secured Loan Position
Business Financing: the Restaurant Business Financing: the Restaurant Ontario Real Estate Source By Brian Madigan LL.B. Let’s assume that you have been persuaded to finance a restaurant for a friend or relative. You went to a lawyer who recommended that you obtain the maximum security possible (because anything can go wrong) and this is what [...]
USDA RURAL LOANS: doing more than certifying beef
The USDA Rural Housing Loan program was developed to help low-income families purchase homes in rural areas. But before you dismiss the idea because you don’t think you’d qualify as low-income or you’re not interested in living out in the country, consider the specifics of the loan. Both the terms and the requirements for eligibility [...]
Use Niche Mortgage Products To Get Noticed
If you’re a mortgage originator you’ve probably been very busy over the past few months arranging refinance loans for your clients at the current low mortgage rates. But, with interest rates having been in the 4%s or low 5% range for such a prolonged period of time many of the homeowners who could save with [...]
Take A New Mortgage Payment For A Test Drive
Do you have a client that is considering buying a more expensive home than they currently have, but concerns over increasing their expenses are keeping them from taking action? With daily messages in the news about uncertainty in the ecomony and the housing market it’s understandable to be worried. If buyers get in over their [...]
Requirements For Eligibility On San Diego VA Loans
Understand the VA loan requirements and what affects eligibility for a San Diego VA mortgage.
Housing Starts Rise, Builder Confidence Remains Stable
Housing starts rose 14.6 percent in January to a seasonally adjusted annual rate of 596,000 from December when housing starts were an estimated 520,000, but they were 2.6 percent below the January 2010 rate of 612,000, according to the latest figures released by the U.S. Commerce Department. However, permits for new construction fell 10.4 percent [...]
Definition of an Appraisal Management Company
The Nevada Revised Statue defines an Appraisal Management Company (AMC) as follows: NRS 645C.034 “Appraisal management company” defined. 1. “Appraisal management company” means a person, limited-liability company, partnership,association or corporation which for compensation: (a) Functions as a third-party intermediary between an appraiser and a user of real estate appraisal services; (b) Administers a network [...]
Five Signs You may be Ready to Purchase your First Home
For many individuals, the idea of purchasing a home is a bit of a scary prospect. However, with the right tools and plenty of knowledge, you can move forward and become a homeowner.
Using the FHA 203K Streamline Mortgage to Finance your Dayton Ohio Home
Utilizing the FHA 203K Streamline mortgage a Dayton Ohio home buyer can obtain a mortgage with a minimal down payment and up to $35,000 thousand dollars in rehab and or repair expenses. With so many Dayton Ohio bank owned properties (aka REO’s) available makes an excellent opportunity to not only get a fantastic price on a home but update it how you would like creating lots of equity. Visit http://www.greggreenwald.com for more information about the Dayton FHA 203K Streamline mortgage.
Phoenix Multi Family Vs. Single Family – Play it Safe?
In today’s current economic market, there are many questions that arise as to which type of investments are safest. Whether it be Arizona Multi Family or Single Family, there is no one answer. There are certain factors to consider including the goals, finances and the needs of the investor. MultiFamily allows one to get economies [...]
Does the Mortgage Cover the Item?
Is it Subject to the Mortgage? (Chattels and Fixtures) Ontario Real Estate Source By Brian Madigan LL.B. If it’s subject to the mortgage, then it must be a fixture. That’s part of the test. A Judge who needs to apply the law, to a given fact situation, will wonder what would the mortgagee think. If [...]
An Advanced Understanding of the Dayton Ohio Foreclosure and Short Sale Process
The Dayton Ohio Foreclosure and Short Sale Process can often be confusing and hard to understand. This article is intended to offer an in debth understanding of how Short Sale and Foreclosure process works in the Dayton, Montgomery and Miami county Ohio area however much of it is applicible throughout the country. If you or someone you know in the Dayton Ohio area is behind or about to be behind on mortgage payments it is important you know all your options before rushing to a decision. More articles on the topic can be found at http://www.GregGreenwald.com
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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