Paul Wakefield, a Senior Loan Office at V.I.P. Mortgage Inc., emails me a monthly newsletter. Sometimes the tips are so timely, like this one below: Top 10 Credit Don’ts During the Loan Process Many are taking advantage of interest rates at historic lows, either by re-structuring debt with a refinance or purchasing a new home. [...]
From the category archives:
Mortgage & Finance
I received the following info in an email from Matthew Remus, a lender at People’s Home Equity. The Federal Tax Credit for First time Home Buyers is still available to US Military Service Men and Women until June 30, 2011. Members of the military and certain other federal employees serving outside the U.S. have an [...]
One of the mortgage blogs I read (or listen to) regularly is Tyler Osby’s Mortgage with Wealth. Even though he’s located in Iowa, he shares information that can be helpful for home buyers, regardless of where they live. He recently emailed me this video, where he explains how mortgage lenders get paid. It’s just 5 [...]
I took a class on FHA & VA Financing from Bruce King last week and thought I’d share a few of the notes I made in class. They may be a bit cryptic, so if you have any questions, please feel free to contact me or Bruce. The lending environment has changed dramatically! Bruce shared [...]
Kari Monk, over at Wells Fargo, shared a copy of the new HUD-1 Settlement Statement a few weeks ago, and when I looked it over, I was pleased. Since then, I’ve talked to a number of other real estate agents who heard it was coming, but had no idea of the changes that had been [...]
With the demise of creative financing, FHA loans are in vogue again, and in some cases are even being used by buyers who have the 20% down for a conventional loan. I found it pretty interesting to read the following two articles. FHA on track for busiest year as it backs 23% of mortgages With [...]
