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Archive for October, 2013

Low down payment conventional loan options

October 25th, 2013 by

Many families are ready to buy a house right now but there's one common thread with many of the buyers, they have less than 20% for their down payment to buy a home. Every family wants to have the lowest monthly payment as well as preserve funds for finishing a basement, a yard or to invest the savings into something else.The stumbling block for many families is having to put 20% down as well ... [ Read More ]

Seller concession, FHA vs. Conventional

October 14th, 2013 by

When buying and selling a home, one of the big motivating factors a buyer will buy one house over another is based on seller concessions. In simplistic terms, seller concessions is the seller contributing money that the seller would receive and crediting those funds back to the buyer to assist in paying for closing costs. This is a very big motivating factor for many first time home buyers

FHA Streamline Refinance, Ogden, Salt Lake City, Provo, Logan, Cedar City, St George, Utah

October 14th, 2013 by

If you or someone you know has an FHA loan and has not refinanced to lower your payments yet, then this is for you.Checklines of Documents when refinancing an FHA Streamline loanDid you know that thousands of home owners who have FHA home loans have utilized the FHA streamline refinance to lower their interest rate. Did you know that they also do this without paying huge mortgage [ Read More ]

6 consequences of the Federal Reserve’s rule on loan officer compensation

October 14th, 2013 by

6 consequences of the Federal Reserve's rule on loan officer compensation - Positive or Negative impacts for the consumer, hmmmm. Here's the real world street facts.The Federal Reserve's rules limiting independent loan originatior's compensation (but not the compensation of big banks) are already hurting the consumer in these six critical areas:The loan officer can not lower their

Loan Programs today!

October 14th, 2013 by

CONVENTIONAL MORTGAGESThis program is a fully amortizing offers 30, 25, 20, 15 or 10 year fixed rate mortgage and competitive ARM products with full documentation of income and assets. Interest only option loans are available for the first 10 years on a 30-year term mortgage.For owner occupied homes, getting cash out refinance is allowable up to 85% of the appraised value after having

FHA 203-K Rehab Loans

October 14th, 2013 by

How many homes do you know of that are ready to move in and live in it on day one. How many good deals and great deals are there that need some form of rehab or remodeling to the property. More than ever before over the past 20 years.The landscape of the housing market all over the country has changed drastically over the last few years. Foreclosures and short sales have become the norm not [ Read More ]