Posts Tagged "ADVISE"

Industry leaders advise FHA on how to improve housing

on Mar 3, 2013 in FHA Information | Comments Off on Industry leaders advise FHA on how to improve housing

No-money-down mortgages are back Banks say these loans are safer: They're almost exclusively being offered to clients with sizable assets, pill treat and they often require two forms of collateral—the house and a portion of the client's investment portfolio in lieu of a traditional cash down … More informaiton please visit here… Just approved: With special deals, cheap teacher buys Excelsior home Along with their 30-year fixed mortgage, the buyers used the San Francisco Mayor's Office of Housing's Down Payment Assistance Loan Program (DALP) that provided a silent second loan of $ 70,000 at no interest with no monthly payments. The program will … For more informaiton please visit here… China Tightens Mortgage Rules as Home Prices Keep Rising China called for higher down payments and interest rates for second-home mortgages in cities with “excessively fast” price gains and ordered stricter enforcement of taxes on sales as authorities step up a three- year campaign to cool the property … If you would like more informaiton please visit here… Chrysler, VW, GM report sales growth in February Kurt McNeil, the company's U.S. sales chief, said the recovery in new home construction is helping to boost the economy and pickup sales. When home construction thrives, businesses tend to invest more to replace vehicles. The average age of a … For more informaiton please visit here… More FHA borrowers may find refinance outlet Rising FHA premiums sharply improved Ginnie Mae convexity [sensitivity to interest rate changes], this but MIP protection is likely to deteriorate over time driven by a competitive private mortgage insurance market and an improving home price appreciation … If you would like more informaiton please visit here… Refinance and Mortgage Rate Summary for Wells Fargo Refinance and Mortgage Rate Summary for Wells Fargo The best 30 year loans at Wells Fargo (NYSE:WFC) are being offered for 3.625% yielding an APR of 3.963% today. 30 year FHA FRM interest rates at the bank are published at 3.375% yielding a bit … More informaiton please visit here… Question by followingmybliss: Who is responsible for the fact that no bank will refinance our loan? What is causing every single bank to turn us down for any and every reason when my sister and I try to refinance our loan?? Obama?? What? And both of us have credit scores in the high 700’s, cheapest so this is NOT about low credit scores. Best answer: Answer by ElmisWe’ve been in refinance hell for 18 months now. Twice we’ve been 3 days away from loosing the house. What I’ve come to understand after dealing with banks on a weekly basis for all this time it the following; 1. The banks have absolutely no interest in what you think, salve what you feel, what your opinion are. None, zero, nada… 2. In many instances the banks stall the re-financing process because it will be more profitable for them to force you into foreclosure. 3. Regulations and Washington has had no effect and will never have any effect. Why? This is about saving banks, saving national institutions. They are not allowed to fail, so much is at stake. It’s like an ant (us) asking why the anthill has to be removed when building a free way. The individual homeowner is absolutely of no concern to the bank There you have my experience. All else is well. / Mats Add your own answer in the comments! Industry leaders advise FHA on how to improve housing In 2012, ed the FHA updated the condominium rules, however President Gary Thomas of NAR suggested additional changes that will provide greater liquidity...

Read More


on Nov 5, 2012 in Stated Income Loans | Comments Off on NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN?

Check out these apartment creating pictures: 0801 | Drake Apartment Developing | 2009 | East Side Image by Facility Records | MSU Physical Plant 0801 | Drake Apartment Building | 2009 | East Side If you would like to see more properties click right here… 0802 | Howland Apartment Constructing | 2009 | South Side Image by Facility Records | MSU Physical Plant 0802 | Howland Apartment Developing | 2009 | South Side If you would like to see much more homes click here… by eyewashdesign: A. Golden Question by reychael_rios2001: How can someone who is on disability income , look w/poor 2 no credit credit, diagnosis get a home loan? Can a person on disability income with poor to no credit,married, combined incomes get a loan big enough to purchase a small family home with enough to pay of other debts Best answer: Answer by sundayschild63If you can find a co signer that has good credit,that trusts you enough to sign for you. Thats the only way I know of. Add your own answer in the comments! Question by garnegus: NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN? HELLO EVERYONE. I SEEN A FORECLOSURE PROPERTY OWNED BY CHASE PREVIOUS BROUGHT 50Ok AND NOW SALING FOR 289k. NOW I HAVE THE CASH, sales CREDIT, capsule INCOME, approved BUT THIS PURCHASE WOULD BE MY SECOND HOME THAT I WANT TO MAKE MY PRIMARY RESIDENT. nOW MY FISRT HOME i LIVE IN , I HAVE PLACE IT ON THE MARKEFT TO SELL. I ONLY HAVE ONE PROBLEM, FHA REQUIRES THAT YOU HAVE 25% EQUITY IN YOUR HOME IN ORDER TO PURCHASE A SECOND HOME OR TO USE IT AS A RENTAL INCOME. I HAVE SOME TO CO SIGN WITH ME, BUT SHE PURCHASE A HOME LIKE ME 4 YEARS AGO AND WE BOTH HAVE NO EQUITY. SOMEONE TOLD ME TO GET A PRIVATE LOAN THEN IN 6 MOS, THEN FINACE IN 6 MONTH. DOES ANY ONE HAVE ANY EXPERIENCE WITH PRIVATE LOAN HOME PURSCHASE. I AM SO REDY TO BUY, BUT I CAN’T DUE TO NO EQUITY AND I DON’T HAVE ENOGH OF MONEY TO GO CONVENTIONAL. . ANY ADVISE????? Best answer: Answer by thedude81321Firstly, you should probably take caps lock off and properly use upper and lower cases, it will get many more people to answer your question. It sounds like you are not really in a situation to buy a home. If you don’t have enough money to go conventional, you may find that you don’t have enough money to keep paying for the house. A private loan may work, but it also could end up screwing you in the long run. If you don’t have the ability to get a conventional loan, will someone want to refinance you in 6 months? You may end up with that private loan for longer than you think. My suggestion is to wait on this whole purchase. Unfortunately, you can’t really expect to buy a home and then turn around and sell it in just a few years. This is also a terrible time to sell, and you can’t really count on your house even selling, so if you can’t afford this new one without your house selling, you are into another issue. Sorry to rain on your parade, but from what you’ve told me, this just doesn’t seem like a smart decision at the moment. Good luck. Know better? Leave your own answer in the comments! NEED ADVISE ON FHA HOME LOAN VS PRIVATE...

Read More