Foreclosure: A foreclosure property is a home which the lender has taken back from the homeowner due to the homeowners lack of payment. When a foreclosure is listed through a Realtor the lender is attemting to sell that property and recoup their losses.
Ready Bell Trulia Blog- FHA is about to get more expensive due to our Fantastic (Hardly) adminstration February 23, 2012The Obama administration in yet another move to stall our housing economy (they say save all indicators and historical data points to stall) has decided that the annual mortgage insurance premium on FHA loans should be raised again. Yes, again. This was part of their FY 2013 budget they just sent to Congress. A brief history of Mortgage insurance: It was […]
- New Construction loans are back! Build your new home from scratch February 23, 2012Bare lots of lands can be great deals right now. Basically because there is not a lot of financing for them and not a lot of lenders are doing new construction financing. Well we DO finance new construction with as little as 3.5% downHere is how it works:1) Get prequalified. We will look at your income, assets etc to see how much you qualify for.2) Go fin […]
- VA loans Fact vs Fiction February 23, 2012VA loans are one of the most competitive financing options in the Home Loan industry. Often though they get a bad name from lenders and Realtors who are not familiar with them or how they work. Personally, they are one of my favorite loans to do. It is nice to be able to help the Men and Women who have protected our country get a great deal and get taken c […]
- FHA is about to get more expensive due to our Fantastic (Hardly) adminstration February 23, 2012
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