100% Federal VA loans - No Down Payment

100% Federal VA loans - No Down Payment Author: fchamberlin // Category: Down Payment Assistance, Eugene Oregon, Florence Orgon, Interest Rates, ... our families and our nation, as well as giving them a form of financing that will allow real estate ... duty. If you are unfamiliar with the program, there are several advantages to using VA’s Home Loan [more...]

Date: 2008-12-31 00:28:52

Blog posts (107) | Videos (150)
 

?Countrywide VA Foreclosure

If you’re looking for a home at a bargain price, you may want to consider a Countrywide VA Foreclosure ... from the bank or lending institution, but the VA guarantees the loan. In spite of this, many ... loans, lines of credit and more. They are also the lender that handles more VA mortgage loans than any [more...]

Date: 2009-01-14 06:17:02

The long exhausting slog towards Home Ownership (TM)! continues.

Dead cat house update. Sellers "offered" last week to "let" us have half of the $5k sitting in escrow. They "only want $2500 ... , but now that the banks are all refusing to fucking loan money, apparently even those of us with VA ... that that's the entire point of the VA loan program, and the government guarantees the goddamn loan in the first place [more...]

Date: 2008-12-08 00:58:00

Will Higher Loan Costs Hit Today?

News on the mortgage front from people I trust - Fannie Mae’s new fee structure is about to work its way through the system, ... , it’s for Fannie Mae backed loans only - no FHA or VA, jumbo, or niche/portfolio loans. So what’ ... re a bigger risk, you have to pay more to get the loan.  More or less.  So if you’re looking [more...]

Date: 2009-01-12 18:52:21

Government Share of Mortgage Apps Soars

"The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included in the total as well — compared to 10.3 percent one year ago." [more...]

Date: 2008-11-25 19:47:43

VA Home Loans With 100% Financing For Veterans and Active Military Members

I thought it would be prudent to discus some of the outstanding benefits of the VA Home loan program at the time when the banks in our country are going through an exceptionally difficult time thereby, hindering numerous home buyers from obtaining mortgage financing without perfect credit and a down payment. Currently the VA home ... [more...]

Date: 2008-11-24 19:00:03

Sacramento New Homeowner Tax Tip

Hey, congratulations on buying a home or condo this past year.   Do you know what is deductible on your taxes if you are a new homeowner? ... points on the same loan would be $2250. On VA and FHA loans, points are often broken down into two ... can deduct points used to obtain a mortgage loan when buying a home or condo, mortgage interest paid [more...]

Date: 2009-01-05 13:00:45

Government Share of Mortgage Apps Soars: Report

The latest proof of the government’s growing influence in the mortgage banking sector came Tuesday morning from the Mortgage Bankers Association, ... for government-insured loans — primarily borrowers looking to apply for an FHA-eligible loan, although VA loans are included ... [more...]

Date: 2008-11-25 17:11:08

Charlottesville Real Estate–Mortgage Options

Charlottesville Real Estate–Mortgage Options Posted by Fulton Gaylord under For Buyers, Regional News, Charlottesville Mike Platt, my Senior Loan Specialist with MetroCities, recently sent me the following information pertinent ... area, the 3 main types of low down payment loans being used are, * VA loans w/100% financing, * FHA [more...]

Date: 2009-01-10 13:46:31

Mortgage Rates for Friday Afternoon

This morning’s Jobs Report was even worse than expected with 533, ... scores of 620 or better based on loan amounts up to $417,000.   VA loan amounts over $417,000 ... to work with a loan originator who has the ability to either renegotiate your rate after locking [more...]

Date: 2008-12-05 21:22:25

Business Debt Management, Relief and Corporate Turnaround

The time to change your business fortunes is now, read this to find out how! Usually, most of my clients come to me after having struggled with business debt management for a long time, far too long.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment - September 24th, 2009Military Payday Loan - See How Easily You Can Make One - September 24th, 2009Facebook Protects User's Data In Civil Case - [more...]

Date: 2009-09-25 06:01:14

Obama Would Like All People Out of Credit-Card Debt – Legally Erase 50-60% of Your Past Due Debts

Are you plagued by your financial troubles? If so, how would you like to have your debt legally erased? You can! Little-known tactics along with consumer protection laws have enabled many Americans, just like you, to erase past due balances. The end result is a decrease in stress and an elimination of those past due balance letters from creditors.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment [more...]

Date: 2009-09-25 06:01:12

Sen.-Elect Tom Udall Opens Three Offices to Serve New Mexicans

Constituent services are important for every member of Congress and U.S ... with include: Veterans: Problems with veterans' benefits, eligibility determinations, VA home loans ... checks. Housing: Problems arising with housing vouchers, federal loan programs and HUD. Immigration [more...]

Date: 2009-01-05 22:42:13

Last Mortgage Rate Update of 2008

Mortgage rates are essentially unchanged from what I posted here last week ... :  5.875% (APR 6.553%)  VA.  Pricing based on credit scores of 620 or better based on loan amounts up to $417,000.   VA loan amounts over $417,000 [more...]

Date: 2008-12-26 19:22:20

?

Finding the Perfect House with Foreclosure Home Listings Many first time home buyers want to buy a home for less than market price, ... , so you can make an informed choice. If you are a veteran you may be able to get a VA loan with zero ... for you to afford the home, but the interest rate will be from 0.5 to 1.0 percent higher than a loan [more...]

Date: 2009-01-10 06:17:03

Buying a house at Christmastime is so fun

Update! On the real house! Which was originally supposed to close today (yeah, a few days before Xmas--great plan), but isn't, obviously.So lessee ... on a VA loan (at a lower rate, since rates have dropped**) from the Navy credit union--Mr. B.'s doing ... costs have risen since we originally had a loan approved on the dead cat house (for $100k more than [more...]

Date: 2008-12-22 20:49:00

Termite Work, Wood Destroying Pest Agreements, and Lender Requirements

Every purchase contract I write includes an addendum for Wood Destroying Pests ... , can we back out? 3. Is the VA loan going to hinder this or is it a simple matter of writing another ... taking as security for the loan. They could very well end up foreclosing upon a property that cannot [more...]

Date: 2008-12-29 14:56:13

It’s Official: New Conventional Guidelines for Ordering Appraisals

Fannie and Freddie have finally announced (I’m sure to no one’s surprise) the acceptance of OFHEO’s Home Valuation Code of Conduct which bans communication between a loan ... to ordering a VA appraisal, which is not a pleasant process.   Here’s an example from the Home [more...]

Date: 2009-01-08 00:03:25

FIRST: Fireflies in December by Jennifer Erin Valent

It is time to play a Wild Card! Every now and then, a book that I have chosen to read is going to pop up as a FIRST Wild Card Tour ... s a perfect blend of story and skill and I’ll definitely read it time and again. I’m loathe to loan ... as a nanny and freelance writer in Richmond, VA. Visit the author’s website. Product Details: List Price [more...]

Date: 2009-01-07 06:00:05

Minimum FICO Scores are Increasing

Minimum FICO Scores are Increasing January 13th, 2009 One of our major Banks announced that effective this week they will be charging more for ... , mortgages, no, payment, scores, usda, VA, veterans Posted in About Scores and Credit, Loan [more...]

Date: 2009-01-13 16:35:19

Loan Officer Job - North Carolina - Posted 1/14/09

Loan Officer Post Date: Jan 12, 2009 Type:Full time Start Date:Immediate Salary: (Verify your salary with Salary.com) ... : Retail Loan OfficerAs a Retail Loan Officer, you will be offering FNMA/FHLMC products, Jumbo, FHA, VA and USDA/RHS mortgages. We are seeking expansion in all licensed areas. Green Planet Mortgage [more...]

Date: 2009-01-14 19:13:21

Retail Loan officer - North Carolina - Posted 1/13/09

Post Date: Jan 12, 2009 Type: Full time Start Date: Immediate Salary: (Verify your salary with Salary.com) ... : Retail Loan OfficerAs a Retail Loan Officer, you will be offering FNMA/FHLMC products, Jumbo, FHA, VA and USDA/RHS mortgages. We are seeking expansion in all licensed areas. Green Planet Mortgage [more...]

Date: 2009-01-13 16:13:23

Loan Officer Job - Cleveland/Akron, OH - Posted 1/14/09

Company: freedom financial mortgage corporation Job Title: Loan Officer Job Category: Finance/Banking Job Description: Earn 100% commission. We will set you as a virtual office in our organization. Will offer support and one on one help. Must be a seasoned loan officer that can fully self sufficient. We offer FHA,VA. Conventional [more...]

Date: 2009-01-14 18:34:49

Rep. Teague Named to Veterans' Affairs Committee

U.S. House Speaker Nancy Pelosi announced today that Congressman Harry Teague (D, NM-02) ... Affairs (VA), such as for health care, disability compensation, GI bill education and job training, home loan guarantees, life insurance policies, and a nationwide system of veterans' cemeteries [more...]

Date: 2009-01-14 17:19:32

Circuit City files for bankruptcy protection

NEW YORK (AP) -- Circuit City Stores Inc., the nation's second-biggest electronics retailer, ... and continue operations while it develops a reorganization plan. The Richmond, Va.-based company ... capital while it is in bankruptcy protection. That replaces a $1.3 billion asset-backed loan [more...]

Date: 2008-11-10 15:26:11

Wednesday.

Since mortgage rates are now more than 1% below my mortgage rate (of 6%), I’ve been looking to possibly refinance ... refinances. Transfer Rates/Recordation Taxes for DC, VA & MD First off, my condo closed at more than ... , cheaper condo fees, cheaper yearly real estate taxes, $280k loan versus a $342k loan, a big ass gym [more...]

Date: 2009-01-14 17:54:33

Teague gets spot on Veterans’ Affairs committee

Harry Teague, freshman representative from New Mexico’s 2nd Congressional District, received a spot on the Committee on Veterans’ Affairs ... concerning veterans and the Department of Veterans Affairs (VA). The committee also works on such issues as health care, disability compensation, GI bill education and job training, home loan [more...]

Date: 2009-01-14 18:06:05

New HUD Data Shows Growth in Reverse Mortgage Activity

Despite turmoil in the broader mortgage market, data released in December by the Department of Housing and Urban Development shows that on a ... ), Baltimore (3,595), Phoenix (3,582), Orlando (3,556), Richmond, VA (3,493), Philadelphia (3,317) and Chicago (3,184) to round out the top 10. Post from: Reverse Mortgage Loan Blog New HUD Data Shows [more...]

Date: 2009-01-15 14:01:28

Mortgage Rates for Friday Afternoon

Compared to the past few weeks, this week seemed a little more calm with regards to mortgage interests rates.  30 year fixed hung around 5.875 - 6 ... are offering free “float downs” once rates are locked due to this volatile market.  If your loan ... out of that market or repricing that segment in advance of new loan limits.  It’s an odd limbo time for [more...]

Date: 2008-11-14 22:14:30

Real Estate Sellers Giving A Buyer Cash Back is Defrauding the Lender

When we sold our home just over a year ago we were talked into selling for a bit more than the original offer so the person could get money back to ... other reason to object, after all, if the loan officer was willing to loan that much money ... in order to persuade a lender to make a loan they would not otherwise make is a textbook case [more...]

Date: 2008-11-22 16:31:03

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Asset and Income Rentals - Borrowing Trouble at Usurous Rates

This was originally published in 2005, but is one facet of the meltdown that is still going on, unfortunately ... it up over a period of time, or they want to know where and how you got it. Most loans should not require a large amount of assets - A paper loans, the best loans of all, want one to two months Principal [more...]

Date: 2009-01-15 14:46:07

A “MISSOURI PLAN” TO CONTRACT THE DEBT BUBBLE PART 1 and 2 By Dr. Edwin Vieira, Jr., Ph.D., J.D.

January 12, 2009NewsWithViews.comAs complicated and confusing as are America’s present financial woes, her fundamental problem is simply stated: This country is staggering towards economic perdition under a gargantuan load of debt that is unpayable in terms of real wealth. ( [more...]

Date: 2009-01-13 13:39:18

Rain City Mortgage Rates

Just a reminder that next Thursday is Thanksgiving and banks will be closed.  Our office will be closed until Monday, December 1, 2008 ... a mortgage with loan amounts of $417,001-$567,500 by the end of the year, please check ... that segment in advance of new loan limits.  It’s an odd limbo time for lenders as they try to wrap [more...]

Date: 2008-11-21 22:37:18

opportunity: invest your talents

Matthew 25:14-30 provides an amazing teaching (in parable) from Jesus in which we learn that if we do not invest our ‘talents’ then we will loose them. Of course there is much more that can be said about this parable, but my emphasis on the “use it or loose it” perspective is intentional. [more...]

Date: 2009-01-08 04:54:19

Should ‘New’ Virtual Assistants Charge Less?

First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007.  That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]

Date: 2009-01-15 21:59:50

Mortgage Rates — More Changes Coming Soon!

Mortgage rates have improved but continue to be volatile.  Today’s rates are actually up about 0.125% from yesterday ... in order to make sure their loans will be purchased from Fannie without having to absorb the price ... ?  Those with 40% down (home equity), 740 plus credit scores with taxes and insurance included [more...]

Date: 2009-01-09 21:22:08

Mortgage Rates Dip to Low 5’s

criteria that I use for pricing Friday’s rates.  Do check with your local Mortgage Professional to see what rate you qualify for.  What’s caused this big dip?  You can thank the Fed for stepping in to buy $600 billion of mortgage backed securities (MBS) backed by Fannie, Freddie and Ginnie. I’m off to lock in some interest rates…bye for now! [more...]

Date: 2008-11-25 16:14:43

Freddie Mac and Fannie Mae in 5th grade terms

Economic Lessons from the 5th Grade-" “The Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” – Ronald Reagan Jeff Foxworthy became famous and made a fortune with Red Neck jokes and comedy tours [more...]

Date: 2009-01-08 08:09:49

16 November SWJ Roundup

Small Wars Journal readers are no doubt familiar with the debate between John Nagl and Gian Gentile about the kinds of threats the US will face in the period ahead and how US ground forces should prepare for those threats. I have concluded that both men are right; their arguments are not mutually exclusive [more...]

Date: 2008-11-16 10:58:02

Turned Into A Money Vehicle

A report from the Associated Press. “Existing home sales in the Northeast dropped more than 9 percent in October from last year, while the median sales price in the region sank 5 percent to $277,000, the National Association of Realtors said Monday. Michael Lynch, regional economist at Global Insight, said the largest economy in New England, [more...]

Date: 2008-11-25 16:48:32

Mortgage Fraud Is Still Happening - What To Do About It

You would think these nitwits would learn. You would think they'd all be out of the business. Sadly, that is not the case ... ) -acceptable loan to value ratio. In the case of VA loans, this can be up to 103% of the purchase price ... on what to do when your mortgage loan might not go through at the very last minute. I live in DELETED, and realize your in [more...]

Date: 2008-11-17 14:46:42

For Strong Banks Mortgages Are Good Business - Example Navy Federal Credit Union

2008 saw a huge shakeout in the mortgage industry as those banks that profited off of subprime loans disappeared or merged with ... , banks that have a strong balance sheet are looking to loan. The profits subsidized by the government ... Dawson, CEO of the Vienna, Va.-based credit union, in a statement. “As a result, we saw a strong ‘ [more...]

Date: 2009-01-06 14:44:19

Who's Who: Unmasking the LSU/VA Team

In 2009, the fights to reopen Charity Hospital and save Lower Mid City from demolition will come to a head. The proposed $1 ... hospital and a renovated VA hospital has been in the works for many moons.High profile officials ... /VA footprint.The New Orleans business and university elite have invested considerable resources [more...]

Date: 2009-01-05 23:10:00

Six Foreclosure must-reads: Part I

Six Foreclosure must-reads: Part I Fri, Nov 21, 2008 1 Comment It seems like foreclosure properties are on everyone’s minds these days ... to avoid foreclosure Loan Modification Help-What about those Upfront Fees? Already struggling homeowners who are seeking loan modification help are finding out that any assistance from a loan [more...]

Date: 2008-11-22 23:03:23

SEABIRD, by Sherry Thompson

Saturday. "That one thing." If you've ever seen the movie "City Slickers" you'll remember a part in it where the cattle foreman remarks that life is all about "that one thing". When you find out what that is, for you, then you are successful. I'm not going to do a review of the movie, but the statement has a ring of truth to it [more...]

Date: 2009-01-10 06:00:00

Northern Virginia REO “Mythconceptions”

It never fails when you get a group of buyer’s together in Northern Virginia the talk turns to REO properties and the rumors that they ... major systems and repair leaky pipes. You Can’t Use A VA Loan to Buy a Foreclosure-FALSE Yes you can use a VA loan to buy most foreclosures. The home you are buying must be your primary residence [more...]

Date: 2008-11-13 01:17:16

Obama ignores fractional reserve banking swindle!

. Daniel Webster once stated Quote: "Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow [more...]

Date: 2009-01-14 14:17:12

Temporary Rate Buydowns

Every so often I run across a reference to a "rate buydown" I don't like to use them because they don't benefit the client, but I should explain them, ... to give you a temporarily lowered interest rate on what is usually a fixed rate loan. 2/1/0 buydowns ... , and then at the loan rate the third year, are the most common, but I've seen one year buydowns [more...]

Date: 2008-12-12 14:44:35

Top 10 Trends In Managing Small Business Finances in 2009

There’s not much good news to report on the financial front as we move into 2009. Layoffs are occurring at breakneck speed and “out of business” signs are in high demand for many small business owners. Overall, the landscape is different than it has been for a long time, [more...]

Date: 2009-01-14 08:12:29

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