Monday, December 17, 2012
To all my friends and past clients. I'm giving away a 42" TV. To be entered to win please watch this video, then go to my facebook page, like it, share it with your facebook friends, and post it to your facebook wall or timeline. Then Visit this site to take a quick quiz and you're entered. find the Quiz here....http://www.surveymonkey.com/s/RDPK8GW
Friday, August 31, 2012
Friday, January 6, 2012
Get More Home for the Money
What do home buyers want....it varies greatly. I think that one thing that all home buyers have in common is that they want the most house they can get within their budget.
Let me tell you how an extra 1.5% down payment can turn into a 10% increase in purchase price without increasing the monthly payment.
What do home buyers want....it varies greatly. I think that one thing that all home buyers have in common is that they want the most house they can get within their budget.
Let me tell you how an extra 1.5% down payment can turn into a 10% increase in purchase price without increasing the monthly payment.
Thursday, May 5, 2011
Qualifying After a Short Sale
4155.1 4.C.2.l Short Sales
A borrower is not eligible for a new FHA-insured mortgage if he/she pursued a short sale agreement on his/her principal residence simply to
• take advantage of declining market conditions, and
• purchase a similar or superior property within a reasonable commuting distance at a reduced price as compared to current market value.
Borrower Current at the time of Short Sale
A borrower is considered eligible for a new FHA-insured mortgage if, from the date of loan application for the new mortgage, all
• mortgage payments on the prior mortgage were made within the month due for the 12-month period preceding the short sale, and
• installment debt payments for the same time period were also made within the month due.
Borrower in Default at the time of Short Sale
A borrower in default on his/her mortgage at the time of the short sale (or pre-foreclosure sale) is not eligible for a new FHA-insured mortgage for three years from the date of the pre-foreclosure sale.
A borrower is not eligible for a new FHA-insured mortgage if he/she pursued a short sale agreement on his/her principal residence simply to
• take advantage of declining market conditions, and
• purchase a similar or superior property within a reasonable commuting distance at a reduced price as compared to current market value.
Borrower Current at the time of Short Sale
A borrower is considered eligible for a new FHA-insured mortgage if, from the date of loan application for the new mortgage, all
• mortgage payments on the prior mortgage were made within the month due for the 12-month period preceding the short sale, and
• installment debt payments for the same time period were also made within the month due.
Borrower in Default at the time of Short Sale
A borrower in default on his/her mortgage at the time of the short sale (or pre-foreclosure sale) is not eligible for a new FHA-insured mortgage for three years from the date of the pre-foreclosure sale.
Friday, January 21, 2011
Tuesday, January 4, 2011
Get More Home for the Money
What do home buyers want....it varies greatly. I think that one thing that all home buyers have in common is that they want the most house they can get within their budget.
Let me tell you how an extra 1.5% down payment can turn into a 10% increase in purchase price without increasing the monthly payment.
I think you would be a Hero to your buyer if you could help them get 10% more more house for the same payment.
Let me tell you how an extra 1.5% down payment can turn into a 10% increase in purchase price without increasing the monthly payment.
I think you would be a Hero to your buyer if you could help them get 10% more more house for the same payment.
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