Posts Tagged ‘Stimulus Package’
Use $8000 Tax Credit For FHA Downpayment? Close But No Cigar
July 5th, 2009
I’m sure many of you have heard over the past few weeks, or maybe even saw some of the advertisements touting that FHA will now allow First-time Home buyers to use the stimulus packages $8000 tax credit as a down payment for Read the rest of this entry »
Posted in FHA, HUD, Loan, Mortgage, Purchase A Home, Stimulus Package | 
Tags: 401k, advertisements, bridge loan, Bush, bush administration, closing costs, escrow, fha guidelines, fha loan, fha loans, first time home, first time home buyer, first time home buyers, HUD, lenders, obama, original 3, profit agencies, state and local government, Stimulus Package, tax credit, time home buyers, time homebuyer, what this means | 
No Comments »
Realize You Must Seize the Day
February 26th, 2009
“Seize the day, and put the least possible trust in tomorrow.”
Horace quotes (Ancient Roman Poet. 65 BC)
The above words were never more true in today’s mortgage climate. As I mentioned in my previous blog, “Refinance and Purchase Why Not Wait?”, I explained why it was not wise to wait to Read the rest of this entry »
Posted in Credit Score, Fannie Mae, Freddie Mac, Interest Rates, Loan, Loan Process, Mortgage, Purchase A Home, Refinance, Stimulus Package |
Tags: 3 years, ancient roman poet, banking system, climate, congress, credit report, economic crisis, Fannie Mae, fence, Freddie Mac, freddie mac underwriting guidelines, horace, instances, interest rate, lenders, loan application, loan officer, necessary documentation, rate quotes, senate, Stimulus Package |
No Comments »
Who Knew VA Had A Jumbo Loan?
September 5th, 2008
There has been much hoopla about the changes that have been made for the past year in regards to Fannie Mae, Freddie Mac and FHA. Freddie and Fannie have created Agency Jumbos along with FHA creating it’s own FHA Jumbo loan program. Loan limits have been raised to Read the rest of this entry »
Posted in Conforming Loan, FHA, Fannie Mae, Freddie Mac, Housing Recovery Act, Jumbo Loans, Loan, Mortgage, Purchase A Home, Refinance, Stimulus Package, VA |
Tags: 100% LTV, adjustable loan, army, army.navy, congress senate, economic recovery act, Fannie Mae, FHA, first time home, first time home buyers, Freddie Mac, guaranty, hoopla, Jumbo Loans, jumbos, loan limits, loan program, loan programs, marine, money down, national guard, navy, Stimulus Package, time home buyers, VA, va jumbo loan, zero down payment |
1 Comment »
The VA Loan-The Runt Of The Litter
July 22nd, 2008
Over the past year since the mortgage and housing implosion has started, we have only heard about Fannie Mae this and Freddie Mac that. Mortgage companies have come and gone, some deservedly. Fannie, Freddie and FHA maximum loan limits have been adjusted upwards thanks to Read the rest of this entry »
Posted in FHA, Fannie Mae, Freddie Mac, Loan, Mortgage, Purchase A Home, Refinance, Stimulus Package, VA |
Tags: 100% LTV, active duty military personnel, adjustable mortgage, army, congress senate, earnest money deposit, fannie freddie, Fannie Mae, FHA, fhasecure, first time home buyer, Freddie Mac, implosion, loan limit, loan limits, loan loans, loan program, marine, maximum loan, mortgage companies, national guard, navy, necessary money, private mortgage insurance, Stimulus Package, time home buyer, VA |
No Comments »
Who Exactly Sets The Interest Rates?
June 11th, 2008
Over the past few months I have had both current clients and potential clients calling and asking why haven’t the interest rates dropped more. “The Fed Funds Rate is really low.” “How long will it take for mortgage rates to go down ?” “I’m going to wait a little longer, I know they will Read the rest of this entry »
Posted in Conforming Loan, Fannie Mae, Freddie Mac, Interest Rates, Jumbo Loans, Loan, Mortgage |
Tags: 10 year treasury, chicago board of trade, conforming loan limit, conforming mortgage, Fannie Mae, fannie mae and freddie mac, fed funds rate, federal reserves, Freddie Mac, hand signals, initial rates, jumbo loan, jumbo market, jumbos, loan range, money supply, mortgage interest rates, mortgage rates, Stimulus Package, term mortgage |
No Comments »