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
Mortgage-backed securities began back in the 1980’s allowing companies to purchase several mortgages at one time, rather than as individual transactions. Today, people are unable to adequately make their mortgage payments and the companies who had invested in the mortgage are not receiving a steady payment flow, making the investment far less solvent. The article below from the [...]
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Filed under: LOAN INFORMATION, LOCAL MARKET
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Good morning: I thought I’d take a minute to give you an update on some of the rumors out there about new down payment programs available for first-time homebuyers. Today it appears to be a combination of bad news and good news.
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Home Loan Refinance
Reno Nevada Loan Modifications, Refinance etc:
Do you Qualify for a “Making Home Affordable” Refinance?
On March 4, 2009, guidelines were released under President Barack Obama’s Making Home Affordable initiative, which is designed to help up to 9 million homeowners stay in their homes through refinanced mortgages or loan modifications.
To qualify, you must:
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Filed under: CURRENT STRATEGIES, LOAN INFORMATION
It is very important to keep a good credit score, even in today’s economoy to ensure lower interest rates and loan approval. A person’s credit score is formulated from FICO, Fair Isaac Corporation, and lets a lender know how reliable a person will be on paying back a debt. Although it seems that everyone has [...]
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Filed under: CREDIT REPAIR, LOAN INFORMATION
Below is recent correspondence with Dan Sherbondy at Direct Access Lending in Las Vegas, NV. He discusses the new loan options of Nevada, including VA Loans & FHA Loans.
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Below is information regarding the 4% mortgage interest rate from Stephanie Hanna at Platinum 1st Mortgage. She discusses her take on whether mortgage interest rates will ever get this low.
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Below is recent correspondence with Stephanie Hanna at Platinum 1st Mortgage. You will find the recent guidelines for buyers for both Fannie, Freddie and FHA loans.
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Filed under: LOAN INFORMATION
Here is an update from Stephanie Hanna from Platinum 1st Mortgage regarding FHA Loans. As you can see, there are some great programs right now and it is a great time to buy.
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Filed under: LOAN INFORMATION, LOCAL MARKET
In 2009 we’ll see some changes from FHA with regards to down payments on purchases of homes in Northern Nevada. Because of that, I thought I’d just provide a quick update on where we stand today, and what we can expect in ‘09.
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Filed under: LOAN INFORMATION, LOCAL MARKET
