When you place a loan with Mike you know he will get the best possible loan to suit the clients’ needs and he will keep you informed each step of the way until conclusion.
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Danville real estate home loan rates drop to all time lows, but why???
You have heard the rumors of 4% loans, and here is the fact. My investors are funding loans up to $729,750 with rates as low as 4.25%. That is not an adjustable rate. That is fixed for 30 years. And no, there is no prepayment penalty.
Truth is, you are NOT going to refinance that loan anyway!
But WHY [...]
Mortgage Lending Starts to Show Signs of a Thaw
Getting approved for a home loan isn’t getting easier, but it doesn’t appear to be getting much more difficult, either.
In its quarterly survey to member banks, the Federal Reserve asked senior bank loan officers whether “prime” residential mortgage guidelines had tightened in the last 3 months.
Nearly 50 percent of banks said guidelines tightened last quarter, [...]
No limit on your investment property portfolio!!!
DON’T TURN AWAY INVESTOR CLIENTS!!!
STATED INCOME FOR NON-OWNER OCCUPIED???
NO LIMIT TO AMOUNT OF FINANCED PROPERTIES!!!
WOW!!!!
As you may have heard, FannieMae and FreddieMac have been implementing new guidelines regarding non-owner occupied transactions. There was a time when an investor could own as many investment properties as they wanted with no limitation. Fannie stepped in and limited [...]
Mortgage Myths, Facts, and Fallacies…
If you are uninformed, or misinformed, it will amount to the same thing…less business for you. Allow me, fellow real estate professionals, to clarify a few points regarding the current world of mortgage finance. This is very important stuff…
The most important thing to know is that you cannot let your client do whatever you USED [...]
Mortgage insurance or 80/10/10? Danville Mortgage Tips
Purchasing a home is a little more challenging these days.
Although diverse products have evolved to help many individuals, the problem of achieving a 20% down payment eludes nearly 1/2 of all homebuyers. Without a 20% down payment, purchasers are required to pay Private Mortgage Insurance (MI). Lately there has been a lot of focus on [...]
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