A Reader asks about Reno Seller Financing, Reno Owner Financed homes …
Posted on June 29th, 2010 by ronbell
Reno owner financed question about Reno owner carry homes
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Filed under: LOAN INFORMATION
How To Save An Ailing Credit Score
Posted on April 23rd, 2010 by ronbell
Below is a great article detailing the 9 steps that may help someone repair a damaged credit score by Luke Mullins.
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Filed under: CREDIT REPAIR, LOAN INFORMATION
Home Path- A New Home Loan for REO’s
Posted on March 25th, 2010 by ronbell
Home path is a new home loan to finance the sale of bank owned homes across the country. It is offered by Fannie Mae and can help people finance their homes for as low as 3% down. Here are more of the benefits of Home Path:
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Filed under: CURRENT STRATEGIES, FIRST TIME BUYER, FORECLOSURES, LOAN INFORMATION
Home At Last Program Information for First Time Home Buyers
Posted on March 4th, 2010 by ronbell
The Home At Last Program is a new program from the Nevada Rural Housing Authority that is intended to help people that want to become home owners be able to afford it. This may work for Reno Bank Owned Homes and Reno Foreclosed Homes.
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Filed under: FIRST TIME BUYER, LOAN INFORMATION
Key Points To Simplify Short Sales
Posted on December 14th, 2009 by ronbell
Here are some helpful tips that may help those involved in Short Sales. These key point have been provided by Ron Hoy from Coldwell Banker Select Real Estate as a simplification of the rules from the Treasury. Hopefully these can answer some short sale questions for you.
As of now, these seem to be the key [...]
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Filed under: LOAN INFORMATION, SHORT SALES
Rules Get Tougher For FHA Borrowers
Posted on December 11th, 2009 by Stephanie
Here is an interesting article from the Washington Post on the possible changes to FHA loans in Reno, NV and across the country. These changes could include increasing the down payment to 5% (currently 3.5%), decreasing seller contributions to 3% (currently 6%), increasing the monthly mortgage insurance, increasing the upfront mortgage insurance and increasing the [...]
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Reno mortgage rates at prehistoric levels…
Posted on November 13th, 2009 by ronbell
Man oh man, I will be glad when my credit repair is done. I can’t wait to capitalize on these once in a lifetime low Reno mortgage rates. I think at this point even if this isn’t the bottom, it is not worth waiting around for another 5-10% correction if it even happens. If we [...]
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Mortgage Guidelines After a Short Sale or Foreclosure
Posted on November 5th, 2009 by ronbell
I’m often asked how long someone has to wait to buy a new house if they’ve recently sold their house via short sale or lost their house to foreclosure. Here in Northern Nevada, those situations are becoming more and more prevalent. I’ve put together the following information for anyone who may want to know exactly how long the wait will be. These are the guidelines as of September 2009, but keep in mind, guidelines are constantly changing so these may be updated.
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Filed under: FORECLOSURE HELP, FORECLOSURES, LOAN INFORMATION
New Fixer-Upper Loan: The 203(k)
Posted on June 30th, 2009 by ronbell
For those of you that are looking for a home and would like to fix it up, but don’t have the money to do it, there is a great new loan that would enable you to do that. The FHA is offering the 203(k) loan, a great opportunity for the homes that need some TLC.
“Right now, [...]
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High-end Mortgages Get Easier
Posted on June 10th, 2009 by ronbell
It seems as if a promising future is on the horizon for buyers and the current owners of high-end properties.  At the latter part of last year, the jumbo loans were no longer available from banks. A jumbo loan is a mortgage that the government will not buy or guarantee (over $417,000, depending on the [...]
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Filed under: LOAN INFORMATION, LOCAL MARKET
