Our housing initiatives must balance the need to help responsible homeowners struggling to stay in their homes, with the recognition that we cannot and should not help everyone. The President has said: “We can’t stop every foreclosure.” And in fact, we can’t maintain the balance described above if we assist every borrower. For example, investors and speculators should not be protected under our efforts, nor should Americans living in million dollar homes or defaulters on vacation homes. Some people simply will not be able to afford to stay in their homes because they bought more than they could afford. Instead, the Administration must focus on providing responsible homeowners opportunities to obtain a modification or to refinance and prevent avoidable foreclosures and, when necessary, must facilitate the transition to a more sustainable housing situation. The adjustments announced today are tailored to accomplish these goals by helping a targeted group of borrowers.
Reverse Mortgage- no down-no credit score
Reverse Mortgage No Credit score required- No down payment Required.
Let me hit some of these high points for you again.
A reverse mortgage can be used for a home purchase!
To qualify for this type of financing, a borrower must be financing their primary residence and be at least 62 years old. This loan does not have minimum credit score or income requirements, so more potential homeowners are likely to qualify. With the right home, in the right neighborhood, a reverse mortgage could be used to buy your new retirement home.
MICHELLE YOUNG FINANCIAL California
MICHELLE YOUNG FINANCIAL Your Mortgage Planning Resource, by Michelle Young Choosing a Mortgage Broker in today’s world means not just receiving an expert mentor through the complex mortgage lending process, but a trusted advisor for life. I am proud to be able to offer you extensive choices and access to information while continuously weighing and [...]
VA Home Loan- NO DOWN PAYMENT
VA FINANCING
-A GOOD DEAL FOR VETERANS
More than 27 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.
COMMERCIAL REAL ESTATE FUNDING WITH RATES AS LOW AS 4.5%
COMMERCIAL REAL ESTATE FUNDING WITH RATES AS LOW AS 4.5% SBA COMMERCIAL REAL ESTATE FUNDING THROUGH YEAGER FINANCIAL: THIS IS HIGH LTV FUNDING AT VERY LOW INTEREST RATES. RATES FOR THIS COMMERCIAL FUNDING PROGRAM START AS LOW AS 4.5%. FUNDING CAN BE USED TO PURCHASE, REFINANCE, OR BUILD OWNER OCCUPIED COMMERCIAL REAL ESTATE OF ANY [...]
A&M Mortgage Group newest Mortgage Banker
A&M Mortgage Group, Inc. is excited to be Northwest Indiana newest Mortgage Banker. • In-house, in-office underwriting. • Improved underwriting turn times. • Same Great Interest Rates! • Increased control on appraisal orders. • Shorter process from application to close. • Reduced closing costs. All these benefits and 25 years of mortgage experience makes A&M [...]
8 ways to improve your credit score
8 Ways to Improve Your Credit Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for. 1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for [...]
Home Loan Rates from Becky Novak
FHA Rates for 9/25/09 $200,000 4.75% $150,000 4.75% $100,000 4.875% $75,000 5.0% $50,000 5.25% (Please note that we are in a volatile rate environment. All rates are subject to change at any time.) (All rates assume a 1% Origination Fee and 620 Credit Score) Becky Smith-Novak [...]
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