Local Mortgage Lender Explaining Homepath Financing A HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a Low Down Payment, Flexible Mortgage Terms, No Appraisal and No Mortgage insurance. Since I am one of the few lenders in the area that can offer this program, I have been getting more calls lately [...]
Is buying a house cheaper than paying rent?
If you don’t think you can get approved for a home loan, look at this recent closing. Customer was Renting a home for $850 per month. They had a Chapter 7 Bankruptcy discharged in July 2008, including a foreclosure on their home. We closed their loan with NO MONEY DOWN, and they received over $4000 for new appliances. [...]
Mortgage Rates for November 18th 2011
Rates starting at: 30 Year Fixed Rate Conventional 3.875% - 3.945% APR 30 Year Fixed Rate FHA 3.875% - 4.435% APR 15 Year Fixed Rate Conventional 3.375% – 3.473% APR No Money Down Purchase Loan 30 Year Fixed Rate 4.0% – 4.575% APR Contact Tim Singleton NMLS [...]
Understanding how to get No Money Down Purchase Loan with a Bankruptcy
A bankruptcy does have a substantial impact on your credit and your ability to get a No Money Down (USDA LOAN) to buy a house. A bankruptcy is defined as a federally authorized procedure by which a debtor is relieved of total liability for its debts by making court-approved arrangements for their partial repayment. Now [...]
Why You Need To Act Now To Refinance or Purchase a Home
Last chance, last dance, last call. Home loan rates recently hit all-time lows, and if you don’t act now, you could miss your chance to save thousands of dollars over the life of your loan! According to Freddie Mac, interest rates recently dropped to all-time lows in some categories, and within a hair of all-time [...]
You can Refinance even if your home has lost its value
Home Affordable Refinance Program (HARP) Eligible homeowners who are current on their mortgages but have been unable to take advantage of today’s lower interest rates because their homes have decreased in value, may now have the opportunity to refinance. Through a refinance under HARP, Fannie Mae and Freddie Mac will allow the refinancing of mortgage [...]
Home Loan Refinancing has big benefits
Home loans refinance Mortgage rates continue to remain very low and it is a great time to refinance. Most people understand how a homeowner can refinance to a lower interest rate and payoff their loan faster by applying the monthly savings to principal reductions. However, I want to call out something even more important. The [...]
Home Mortgage Rates – Rates at their all time lows
Home Mortgage Rates – Mortgage Rates Missouri – Springfield Missouri CNBC just reported that home loan rates are at their all time lows. Yes, all time lows! This is great news for anyone who has yet to refinance to take advantage of the lowest rates ever recorded, or to purchase that new home or investment property [...]
Mortgage Rates for July 8th 2011
Rates starting at: 30 Year Fixed Rate Conventional 4.75% - 4.945% APR ____________________________ 30 Year Fixed Rate FHA 4.5% - 5.145% APR _________________________ 15 Year Fixed Rate Conventional 4.125% – 4.473% APR _________________________ No Money Down Purchase Loan 30 Year Fixed Rate 4.625% – 4.935% APR MARKET UPDATE [...]
- Mortgage Rates for November 18th 2011
- Why You Need To Act Now To Refinance or Purchase a Home
- Is buying a house cheaper than paying rent?
- Understanding how to get No Money Down Purchase Loan with a Bankruptcy
- HomePath Financing for Fannie Mae REOs
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