About Tim Singleton

HARP 2.0 Refinance Program – Home Affordable Refinance Program Springfield

HARP Loan 2012 – Mortgage Refinance Program – Local Mortgage Lender Springfield MO If you’re underwater on your conventional mortgage loan you might be eligible to refinance without paying down principal and without having to pay mortgage insurance. HARP originally started in April 2009. The Government calls it HARP (Home Affordable Refinance Program)  This program [...]

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New Changes on FHA beginning April 9th 2012 and FHA Streamline Refinance Beginning June 1st 2012

This FHA Streamline Refinance information is accurate as of March 19, 2012. What Is An FHA Streamline Refinance? The FHA Streamline Refinance is a special mortgage product, reserved for homeowners with existing FHA mortgages. FHA Streamline Refinances are the simplest way for FHA-insured homeowners to refinance their mortgage. NO APPRAISAL NEEDED The FHA Streamline Refinance [...]

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Mortgage Rates February 14th 2012

Rates starting at: 30 Year Fixed Rate Conventional 3.875% – 3.947% APR     30 Year Fixed Rate FHA 3.875% – 4.435% APR     15 Year Fixed Rate Conventional 3.25% – 3.43% APR     No Money Down Purchase Loan 30 Year Fixed Rate 4.0% – 4.575% APR   Contact Tim Singleton NMLS # [...]

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HomePath Financing for Fannie Mae REOs

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 [...]

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Springfield Missouri Real Estate – Listing your house with a Realtor

How to list your home with a Realtor When you are ready to sell your home you should call several realtors to come and prepare a Market Analysis for a recommended sales price.  When you interview the agents beware if one of the agents is willing to list your house higher than any other agent. [...]

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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.  [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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