Unique Loan Programs

Information regarding all unique real estate loan programs available in the market place today (i.e., stated income loans, no doc loans, no FICO loans, high ration loans, gross qualifying loans, etc.).

Château de Fléville (France – Lorraine – 54)

on Aug 26, 2024 in Real Estate News | 2 comments

A few nice chateau images I found: Château de Fléville (France – Lorraine – 54) Image by michellefouineur Château et vue sur le parc. Much more great houses click here…

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Great Huge Residence pictures

on Aug 24, 2024 in Real Estate Info | 1 comment

Question by catchi: home foreclosure HELP where do we go and how do we start refinancing? Wasn’t the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process? Best answer: Answer by tkahrs12122No the bailout did not include help for delinquent homeowners. You need to deal with the refinancing on your own. Start with your current mortgage holder and see if the will lower the interest. What do you think? Answer below! Question by TD: What would be the best possible Home Loan I could get buying a co-op? I heard that you cant use the nothing down or 3% mortgages on a co-op purchase. Is this true I live in NY. WOuld I hav eto put down 10% no matter what. Also FYI Most one bedroom co-op go for atleast $ 130, hospital 000, and 10% of that is 13,000 and the HUD and FHA mortgage and program say that they can only give you 3% or 5,000 down. Best answer: Answer by Blue Octoberthe best possible home loan is going to depend on your credit. i want to suggest that you speak with your local banks…they know you the best, and they are local -in case you need them in the future. I am sure you are aware of the large amount of foreclosures across the nation. This lends itself to the way that banks and lenders are now doing business. The days of nothing or very little down are almost gone. You will need to come up with a min of 20% down and stick with a 30 years fixed no prepay penalty loan. Do not accept or get into any creative financing or ARMs (adjustable Rate Mortgages)…these loans have a high failure rate to foreclosures. stick with your local banks…good luck on your purchase 🙂 Give your answer to this question below! by eyewashdesign: A. Golden Question by anpresco: What factors do lenders consider when applying for a home loan? My boyfriend and I are applying for a home loan. The loan officer wants to use both of our credit and financial info for the application. I have both the better credit and longer employment history, seek but need my boyfriend’s additional income to qualify for the amount we need to purchase a home. Will his less than established credit hurt us, treat or will it not matter? Best answer: Answer by Beverly SYour loan officer makes the decision based on what you need to qualify. Most likely you won’t qualify with just one income. The fact that his credit is less established won’t hurt him as long as its not “bad”. Lenders are looking for 2 years steady employment, order 2 years good credit, & property of enough value & re-salability in case of problems. Sounds like you need him (boyfriend) & he’s gonna help not hurt. Add your own answer in the comments! Mortgage Rates : For The Week Ahead, view Lock Or Float? The Ginnie Mae (GNMA) 3.0% 30-year coupon finished better last week, symptoms too, viagra 60mg moving +17/32. Ginnie Mae mortgage bonds are linked to FHA and VA mortgages so mortgage rates for the FHA Streamline Refinance and VA IRRRL mortgage programs fell last … For more informaiton please visit here… Why is the FHA Streamline Refinance So Popular? 28, 2012 — /PRNewswire-iReach/ — Record low mortgage rates have encouraged many Americans to refinance their mortgage this year, and the most popular option by far has been the Federal Housing Administration's (FHA) Streamline...

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Mortgage Rates : For The Week Ahead, Lock Or Float?

on Aug 23, 2024 in Unique Loan Programs | Comments Off on Mortgage Rates : For The Week Ahead, Lock Or Float?

Question by catchi: home foreclosure HELP where do we go and how do we start refinancing? Wasn’t the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process? Best answer: Answer by tkahrs12122No the bailout did not include help for delinquent homeowners. You need to deal with the refinancing on your own. Start with your current mortgage holder and see if the will lower the interest. What do you think? Answer below! Question by TD: What would be the best possible Home Loan I could get buying a co-op? I heard that you cant use the nothing down or 3% mortgages on a co-op purchase. Is this true I live in NY. WOuld I hav eto put down 10% no matter what. Also FYI Most one bedroom co-op go for atleast $ 130, hospital 000, and 10% of that is 13,000 and the HUD and FHA mortgage and program say that they can only give you 3% or 5,000 down. Best answer: Answer by Blue Octoberthe best possible home loan is going to depend on your credit. i want to suggest that you speak with your local banks…they know you the best, and they are local -in case you need them in the future. I am sure you are aware of the large amount of foreclosures across the nation. This lends itself to the way that banks and lenders are now doing business. The days of nothing or very little down are almost gone. You will need to come up with a min of 20% down and stick with a 30 years fixed no prepay penalty loan. Do not accept or get into any creative financing or ARMs (adjustable Rate Mortgages)…these loans have a high failure rate to foreclosures. stick with your local banks…good luck on your purchase 🙂 Give your answer to this question below! by eyewashdesign: A. Golden Question by anpresco: What factors do lenders consider when applying for a home loan? My boyfriend and I are applying for a home loan. The loan officer wants to use both of our credit and financial info for the application. I have both the better credit and longer employment history, seek but need my boyfriend’s additional income to qualify for the amount we need to purchase a home. Will his less than established credit hurt us, treat or will it not matter? Best answer: Answer by Beverly SYour loan officer makes the decision based on what you need to qualify. Most likely you won’t qualify with just one income. The fact that his credit is less established won’t hurt him as long as its not “bad”. Lenders are looking for 2 years steady employment, order 2 years good credit, & property of enough value & re-salability in case of problems. Sounds like you need him (boyfriend) & he’s gonna help not hurt. Add your own answer in the comments! Mortgage Rates : For The Week Ahead, view Lock Or Float? The Ginnie Mae (GNMA) 3.0% 30-year coupon finished better last week, symptoms too, viagra 60mg moving +17/32. Ginnie Mae mortgage bonds are linked to FHA and VA mortgages so mortgage rates for the FHA Streamline Refinance and VA IRRRL mortgage programs fell last … For more informaiton please visit here… Why is the FHA Streamline Refinance So Popular? 28, 2012 — /PRNewswire-iReach/ — Record low mortgage rates have encouraged many Americans to refinance their mortgage this year, and the most popular option by far has been the Federal Housing Administration's (FHA) Streamline...

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Cool Condominium pictures

on Aug 23, 2024 in Real Estate News | Comments Off on Cool Condominium pictures

Some cool condominium images: Terrace Row Condominiums Image by davereid2 Terrace Row Condominiums Construction Nears Completion Much more fantastic houses click right...

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Mortgage Rate News Today

on Aug 23, 2024 in Home Lending Info | 6 comments

Mortgage Discrimination – Wikipedia, sale stomach The Free EncyclopediaThere was pressure on both sides, buy more about there as working-class blacks wanted a part of the nation’s home-owning trend. they were doing was exploitative, troche as they referred to blacks as “mud people” and to subprime lending as “ghetto loans.” A lower savings rate … Read Article UBS mortgages In The Current Interest rate EnvironmentLong-term interest rate trend . 0 2 4 6 8 10 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 UBS Fixed-Rate Mortgage 2 years UBS Fixed-Rate Mortgage 5 years UBS Fixed-Rate Mortgage 8 years … Read Here A Pickupin Growth MBA Economic And Mortgage Finance …However, with the Fed on hold and as the economy grows, mortgage rates will trend upwards and end the 30 year fixed rate mortgage which averaged 4.08%, 15 year fixed mortgage at 3.39%, and FHA rate … Retrieve Document FHLB Des Moines Reports Second Quarter 2012 Preliminary Unaudited Financial ResultsDES MOINES, Iowa — The Federal Home Loan Bank of Des Moines (the Bank) today released preliminary unaudited financial highlights for the second quarter ended June 30, 2012. The Bank expects to file its … Read News Raise The Rate Contest Entry – Savings Credit Score – YouTube2:43 Watch Later Error Trend to 10 raise the rate by Mark3141592653589 204 views 3:07 Watch Later Error FHA Purchase and Refinance Mortgage Loans in Colorado! by BenYostMortgage 4,254 views … View Video Higher Inflation Ahead? Not All Bad Forhomeowners.Home prices trend higher. For homeowners who bought when the market was healthier, rising inflation and home prices will help to restore their Wages generally increase with inflation, so a fixed-rate mortgage should consume a smaller percentage of take-home pay over the years and become … Doc Viewer Home Loans – Recent Trends In Sri Lankamortgage and in a rising interest rate scenario, to go for a fixed rate and lock on a long-term contract. If the borrower intends to fully settle the loan prior to the agreed … Access Full Source The End Of Mortgage Brokers? – Banking And Loans At About.com …However, if it becomes a trend then your mortgage broker may become less and less competitive. Banks charged brokers fees for an interest rate based off the risk assessment of the applicant. … Read Article Recession – Wikipedia, The Free EncyclopediaPolicies that help reduce mortgage debt or household leverage could therefore have stimulative effects. They project real GDP declining at an annual rate of 2.9% in the fourth quarter and 1.1% in the first quarter of 2009. … Read Article Here's How You Can Educate Yourself In The Toronto, Canada …GTA bucked the downward trend in urban starts, with the seasonally adjusted annual rate of starts up 37 per cent to 25,400. Toronto Mortgage Rates 2050 Sheppard Avenue East Toronto ON M2J 5B3 Canada … View Video UBS mortgages In The Current Interest rate EnvironmentLong-term interest rate trend . 0 2 4 6 8 10 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 UBS Fixed-Rate Mortgage 5 -8 yearsUBS Libor Mortgage (3 months) UBS Fixed-Rate Mortgage 4 -7 yearsUBS Libor Mortgage (3 months) … View Doc By Joong-hee Lee. Ph.D Korea Mortgage CorporationTrend in Various Interest Rates1) Unit: % 1996 1997 1998 1999 2000 2001 2002 NHF’s Mortgage Interest Interest Rate Rate 9.50 9.50 9.50 9.00 9.00 8.00 8.00 … Return Document National City Corp. – Wikipedia, The...

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How does a reverse mortgage work?

on Aug 21, 2024 in Real Estate News | 3 comments

Question by threecats: How do I know if my mortgage is securitized by freddie or fannie? I know my mortgage is serviced through Countrywide and the second through Wells Fargo. Could they still possibly be securitized by Freddie or Fannie? Best answer: Answer by RustyCall your mortgage company and ask them….they’ll tell you. Give your answer to this question below! Question by Aubrey: How does a reverse mortgage work? How does a homeowner benefit from a reverse mortgage? Does he get paid every month more than he’s currently paying on his mortgage (giving him extra cash per month)? Does the lender bet on the house appreciating after the borrower dies? Why would anybody want to pay or buy a house from a person who still lives in there (which they cannot utilize until this person dies)? Is reverse mortgage designed for people who have nobody to give their houses to when they die? Best answer: Answer by KerenJust know that a reverse mortgage is considered by everyone to be one of the worst financial mistakes a retired person can make in his or her lifetime. You are essentially giving your house to a bank for about 60% of the equity, unhealthy just so you can get a monthly check. When you die, ailment the bank keeps the house. Always it is a better idea for an older person to sell the darn house, take the equity, and rent or buy a small condo or apartment that they can easily afford. Add your own answer in the...

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