Please join me in welcoming the newest contributor to Mortgages Unzipped, Evan Vanderwey of Cornerstone Home Loans. Evan has been doing mortgage planning for home owners and home buyers for almost 20 years. He participated in the funding of nearly $1 billion in mortgages and has ranked in the top 200 loan officers nationally twice….
Monthly Archives: July 2010
Renovation Financing: Deffered Maintenance Welcome
It wasn’t too long ago that FHA financing was something brokers discouraged folks from obtaining. We have all heard it “FHA loans are too difficult” and “FHA Appraisals cause too many problems”… Today most loans are going FHA….The same folks that wouldn’t go near FHA financing think it’s the greatest thing since sliced bread! The loan and…
All about the Homestead Act
As we discuss the in’s and out’s of real estate and finance, it’s sometimes fun to see how all of this started in the first place. An early and interesting land development in our country’s history was the Homestead Act. A key component of America’s westward expansion in the 19th century was the government’s distribution…
Tax Credit Extension is Dead in the Water
So much for those extra three months. A legislative measure that included an extension of the closing deadline for buyers using the first-timer credit failed to pass the Senate on Thursday. The amendment would have pushed back the deadline from June 30 to September 30. Instead, thousands of buyers — more than 180,000, according to the…
Man, Was THAT Prediction Wrong.
Okay, so I was wrong. At least I wasn’t the only one. Last month I wrote about how the expiration of the $8000 and $6500 tax credits for new home buying wouldn’t have much impact on the housing market. Those expired, for the uninitiated, on April 30, and since then sales on new homes have…
Stated Income Loans: Now Available?
Stated income loans used to be all the rage – until the mortgage crisis hit where lenders everywhere tightened their guidelines and eliminated virtually all stated income programs. But are stated income loans making a comeback? There is at least one lender doing them – here is an excerpt from one of their promotional fliers…
A Simple Way to Lower Your Mortgage Payment
With home values across the nation slipping and mortgage payments adjusting higher, struggling borrowers are looking for relief. Fortunately, mortgage rates are at or near record lows. However, banks and lenders have become much more hesitant to lend, making a refinance a lot trickier than it has been in the past. Some borrowers have also…
Portsmouth, NH Resident Derek Durbin Joins Real Estate Firm Buyers Brokers Only, LLC
Exclusive Buyer Agent Derek Durbin helps first-time and experienced home buyers purchase properties in Portsmouth, NH and surrounding communities, including Rye, Hampton, Greenland, Dover, New Castle, Durham, Newmarket and Seabrook. Click Here to Get Great Rates And A Speedy Approval From Lending Tree Without Any Hassels. Go to Source
Bank Owned and Foreclosure Homes at Irvine
Amazing values are available at Irvine on bank owned and foreclosure homes. See Irvine, CA, bank owned and foreclosure homes – click here for free active link. ______________________________________________________ Harrison K. Long, REALTOR® & broker, Explore Group, Coldwell Banker Previews, Irvine, CA. CA DRE #01410855. ExploreProperties@gmail.com. 949-854-7747. National Association of Realtors, California Association of Realtors, and Orange County Association…
Treasure at Corona del Mar – Homes for Lease
Treasure Hunt at Corona del Mar – Homes for Lease Lookout Point at Corona del Mar overlooking entrance to Newport Harbor and the jetty See Corona del Mar homes for lease – click here for free active link. ______________________________________________________ Harrison K. Long, REALTOR® & broker, Explore Group, Coldwell Banker Previews, Irvine, CA. CA DRE #01410855. ExploreProperties@gmail.com. 949-854-7747. National…