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News Flash: Lenders Are Busy

News Flash: Lenders Are Busy

We live in a post-subprime world…and with that, come some good things and some not-so-good things. Much of the “bad” in mortgages has been cleansed (bad loan products and many of the unqualified “professionals”). And that is good. But another consequence of the past five or so years is the shear loss of people who […]

The Top 5 Reasons Deals Fall Apart

The Top 5 Reasons Deals Fall Apart

I’ve been told that 29% of all contracts signed never make it to the closing table- that nearly 3 in 10 transactions where a buyer and seller have come to terms (no easy feat in this market) fall apart. In a more normal market, I would say 90% of deals close. So, I figured if […]

Points and Fees Explained

Points and Fees Explained

Determining the best deal for your specific needs can be very confusing. You see interest rates advertised that seem too good to be true, usually are! Their goal is to get you to call, then they can tell you all the special characteristics you need to get that interest rate, or it only pertains to […]

Mortgages and Veterans

Mortgages and Veterans

One of the great things about this country is that we do a lot for those who have served us. And in the area of real estate financing, we can do exceptional things. Understand that the VA (Veterans’ Administration) is, in the mortgage world, like HUD is with FHA financing. They are an insurance company, […]

10% Down Payment…for Florida Condos

As low as 10% Down!  YES, We Offer Mortgage Insurance On FLORIDA Condos! 90% LTV (loan-to-value) – 10% down payment Minimum Credit Score 700 45% total DTI (debt-to-income ratios) Minimum 2 months reserves (P.I.T.I) Primary Residence Only Purchase, Rate & Term Refinances Only Finally…A Low Down Payment Alternative To FHA For Condo Buyers! Contact Me […]

Underwater Refinance Program Expanded

Underwater Refinance Program Expanded

At a campaign stop in Nevada on Monday, President Obama announced an expansion of the HARP (Home Affordable Refinance Program) which would eliminate [read more]

New Appraisal Standards Effective September 1 for Fannie Mae and Freddie Mac

New Appraisal Standards Effective September 1 for Fannie Mae and Freddie Mac

It’s finally happened: You’ve found the perfect home. The financing is in place. But then…despite the comparables….the appraisal comes back low, threatening to ruin the whole deal. To help make appraisals more consistent and accurate, and prevent situations like this in the future, the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac […]

FHA's Streamlined 203(k) Loan Program

FHA’s Streamlined 203(k) Loan Program

Are you aware of the wonderful loan program that lets homebuyers finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in? [read more…]

Don't "Fall" Behind on These Deadlines

Don’t “Fall” Behind on These Deadlines

This year, colder temperatures aren’t the only thing fall is going to bring. There are several important deadlines you need to be aware of, especially if you’re thinking of buying or refinancing a home…[read more]

Potential Miami Homebuyers Mistakenly Think They Don’t Qualify for a Mortgage

Potential Miami Homebuyers Mistakenly Think They Don’t Qualify for a Mortgage

Lenders continue to tighten their mortgage lending criteria in response to record foreclosures, but the negative publicity is…[read more]