A fellow blogger on Mortgages Unzipped (Brian Brady) posed a great question on a previous blog post: “In Southern California, there are many requests for solar panel financing. Can alternative energy improvements be part of a renovation loan?” I have been originating Renovation and construction loans for more than 16 years and I have been asked this or a…
Monthly Archives: February 2010
Treasury Announces Less HAMP Paperwork
A year ago, the government launched mortgage relief under the Home Affordable Modification Program (HAMP). Unfortunately many homeowners in need of help found the paperwork requirements overwhelming and documents were sometimes lost in the process. So last Thursday, the Treasury issued new guidelines to simplify the paperwork for homeowners looking to lower their mortgage payments…
Fannie Mae Will Pay Your Closing Costs
In an effort to reduce its glut of foreclosed properties, government mortgage financier Fannie Mae is now offering 3.5% in seller assistance if you purchase one of their repossessed homes via Homepath.com: The offer is good for any owner-occupant who purchases an REO (Real estate owned) home listed on Homepath.com by May 1, 2010. The…
Do Offers With FHA or VA Mortgages Cost Sellers Money?
I pre-approved a buyer with a VA home loan last summer and she’s been having a tough time getting an offer accepted. Many Southern California sellers are banks or upside-down sellers who need bank approval for a short sale. There is a strong bias against accepting offers with government financing among asset managers, lender loss…
Surge in USDA Home Loans Means Borrowers Who Wait May Miss Out
USDA Rural Development home loans came out from the shadows in 2009. What was once a little-known loan program is now an emerging powerhouse for thousands of prospective homeowners with moderate incomes and solid credit. And that’s all the more reason why consumers considering a USDA home loan should act sooner rather than later in…
What is a “streamline” mortgage?
Regardless of the industry there are certain buzzwords or words that seem like they are created simply to confuse the outsider. Near the bottom of the list for business goals should be confusing customers. Unfortunately it does happen and the one who stands the highest chance for damage is the most valuable of all; the…
Important Changes Coming to Goverment Loan Modification Program
If you haven’t already applied for a loan modification via the federal government’s Home Affordable Modification Program (HAMP), but plan on doing so, look out for the following changes announced today. For all HAMP trial period plans with effective dates on or after June 1, loan servicers will only be able to evaluate borrowers for…
The FreeDownPayment.com Launches website to connect home buyers with Down Payment Assistance
TheFreeDownPayment.com (thefreedownpayment.com) officially launched a new website where area residents can locate down payment assistance programs in Maryland, DC, and Virginia. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
First time Home Buyer- Homes in Toronto West, Brampton, Etobicoke, Oakville
A4dablehomes provides Homes in Toronto West, Brampton, Mississauga, Etobicoke, Oakville for first time home buyer on affordable prices. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Lennar Unveils New Community To Be Built On The Carriage Hills Golf Course In Eagan Minnesota
The Minnesota division of Lennar is proud to announce their intent to purchase nearly 114 acres of the property previously occupied by the Carriage Hills Golf Course in Eagan, Minnesota. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source