FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
19
Nov
2015
We strive to provide the best Mortgage and Real Estate information on current programs, news and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdated on twitter or #MortgageUpdated on Facebook for the latest industry updates and helpful articles from around the blogosphere!
The focus of #MortgageUpdated is to be a source of material that can used by everyone. For example, real estate agents can find useful tips on improving their marketing, staying up to date with social media changes, and developing a plan to set themselves apart from their competition.
In addition, mortgage lenders can stay up to date with changes in mortgage rules, learn about new programs and find out how peers are creating a lasting impression on their clients.
Lastly, people who are buying or selling a home are the most important part of our focus. We want to educate our clients, and the clients of our peers, so that they can enter into a real estate transaction armed with the best knowledge for their situation.
15
Oct
2015
Buying a home requires a bit of preparation. If you meet the following conditions then you should be ready to purchase your first home this Fall!
30
Jul
2015
Many people reach a place in their life where they are ready to improve on their quality of living. This could mean investing in real estate as a way of improving their monthly cash flow or it could simply mean buying a nice vacation home at the lake, in the mountains, or on the beach. For people who wish to convert their primary home to a rental property there are a few rules and guidelines to follow.
14
May
2015
An escrow account can be a great benefit to new homeowners that are trying to get their financial plans in order and establish some good money habits.
30
Apr
2015
Although some of these things may sound too good to be true, or even insane, all of the following facts about the USDA mortgage program are true.
19
Nov
2014
A non-occupying co-borrower that has a solid credit history, low debt and enough income to meet their needs as well as help one of their relatives can step in and boost an overall mortgage application.
01
May
2014
Changes made in conventional lending rules a few years ago now make it possible for real estate investors to finance more than 4 investment properties. Follow these guidelines for help with financing properties 5 through 10.
24
Apr
2014
Buying a home while in the middle of a divorce takes a bit more preparation and understanding compared to other types of home purchases. The following information should help people that are in the midst of a divorce and wishing to buy another home.
27
Mar
2014
Learn who is involved in the process of closing a loan and why it can take some time to seal the deal to your new home.
06
Mar
2014
While the cash gift is not only allowed but encouraged by the Federal Housing Administration, there are rules to how the money can change hands and how it is all documented. If the steps are not followed it is very likely that the home loan will be rejected.
John Wick
NMLS ID#: 248499
With many years of experience in the mortgage banking industry and extensive practice in originating home loans for both...Read More →
Michael Benson
NMLS ID#: 285794
I have been in the Mortgage loan lending business for over 18 years, as a Loan Officer and a broker. I have worked with ...Read More →
