Bob's Blog

If you are trying to use the new, higher FHA limits to close a purchase transaction this new requirement from FHA will affect you if your market has been tagged as "declining". I just received it this morningMortgagee Letter 2008-09Subject: Second Appraisal RequirementsEffective for all Mortgages...

IMPROVING YOUR CREDIT RATING CMPS professionals are committed, qualified and equipped to help you improve your credit rating. Your credit scores usually determine the price you pay for your money (your mortgages, your auto loans and leases, your credit cards, business loans, etc.).Perhaps the mos...

Commercial LoansCommercial loans for commercial real property are available. Email with commercial loans questions. I have commercial loans for commercial properties that commercial banks will not entertain. Our commercial lenders will fund commercial loans for commercial borrowers who have been ...

VA Loans                                                                                                                                  This page contains information on VA loans or Veterans Administration Loans. Click for information on Virginia mortgages. Email me with questions on VA loans V...

FHA Loans                                                                                                                        FHA loans are flexible. FHA loans are secure. FHA loans reflect Government's commitment to expanding homeownership through the FHA loans program with reduced down payme...

First Time Homebuyer Programs                                                                                                   First time homebuyer programs are my specialty. Below are first time homebuyer programs allowing you to buy a home with a low down payment. Many first time homebuyer pro...

20 TERMS YOU MUST KNOW Twenty Terms You Must Know and Understand Before You Sign Off On Your Mortgage Buying a home is a major achievement in most everyone's life. Pride of ownership, tax breaks, equity and the ability to increase your wealth and net worth are just a few of the many benefits you'...

INVESTING IN REAL ESTATE Are you a speculator or investor? Great fortunes can be made and lost in real estate Certified Mortgage Planning Specialists professionals are committed, qualified and equipped to help you implement the seven keys to profitable real estate investment: Determine Level of L...

If you can't see the newsletter, or would like to view it online, use this linkIf you have received this newsletter indirectly and would like to be added to our weekly distribution list, use this link   Provided to you Exclusively By Bob Gammache, CMPSBob Gammache, CMPSCarteret Mortgage CorpOffic...

Selling homes in the 2008 market It's tough out there. Foreclosures are at an all time high, homes are sitting on the market for extended periods of time, and asking prices for homes not selling are being dropped again and again. Realtors are seeing listings cancelled and those that do finally cl...