Author: admin
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How to get a loan to flip a house
The residential buy, fix and sell business is popular and sexy again with demand and prices back on the up-swing in most markets. We are getting more calls from lenders eager to lend out money to house flippers than ever before. Usually when the money becomes easier and more available, newer developers try their hand…
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A Surge In FHA Refinances Expected | FHA Announces Date for MIP Fee Reduction
Recently the President and FHA announced a substantial reduction in FHA monthly mortgage insurance premium fees (MIP). This will take effect on case numbers issued on and after January 26, 2015. Don’t wait to apply though, your loan can be underwritten and be ready to go in advance of this date. The fee reduction is bringing…
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Fannie Mae 97 – Is this the First Time Home Buyer Program for You?
Purchase – First time home buyers only At least one of the borrowers on the loan application (form 1003) must indicate they have not owned a home in the past three years. It’s nice they are not requiring both applicants to be FTB just one of them, this opens it up to a lot more…
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Short on down payment funds to buy a home? Problem Solved
The number one problem for would be homeowners is the lack of having enough saved for a down payment. Several years ago 100% financing was being offered in many different ways through most lenders. They were called 80/20 loans. 100% single loans. Heck some some subprime lenders even offered 105% home purchase mortgages. Nowadays the…
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Peer to peer real estate lending crowdfunding and microlending say what?
Crowdfunding or crowd financing real estate investments both debt and equity are a fascinating reality these days. What used to be a small insiders only niche “who you know” investment vehicle is now open to the masses via online portals. Well not exactly the masses of accredited investors are allowed in however the “little guy”…