C.J. Winchester's Blog

Mortgage and Lending - Service First Mortgage - NMLS# 209335
  I received a call today from a distressed homeowner who had been out of work for several months but has now gone back to work.  He had already spoken with 2 other lenders and FHA trying to get some information on "Hope For Homeowners"  He is currently on a subprime loan and has $30,000 in equit...
 Veteran's Day holds special meaning for me as I spent 20 years as an Air Force wife.  We traveled the world but there is certainly no place like the good old USA. I started working with VA clients at our last duty station in Little Rock, AR. in 1983.  I was fortunate to have obtained training di...
Available Programs First Time Home Buyers Collin County, Texas I am getting many calls from clients and Realtors wanting information about the programs available for the First Time Homebuyers. Some of the products will supply the downpayment but there are restrictions. I have defined the current ...
Housing starts hit another 17-year low Home construction and building permits both fall sharply in September to levels not seen since January 1991. Housing starts have fallen nearly two-thirds from their peak of 2.3 million in January 2006, and were at the lowest annual pace since January 1991. "...
Ok, deep breathe..... Lets talk about the week.    Monday was brutal, followed by some recovery Tuesday and Wednesday.   Yesterday the Senate voted the Revised Economic Recovery plan and Congress finally said Yes today.   So in 25 words or less.... what does the Economic Recovery plan mean?   Cre...
As we start this last quarter of 2008, we need to remember that we are living in interesting times. This is an election year and nothing is as controversial as the economy. Don't let the media lead you to feeling like our market is "Doom and Gloom". I have been in this market when rates were 18%....
 Due to the recent changes in mortgage guidelines, we are seeing increased demands for FHA loans.Points to consider:Conventional loans at 97% ltv will be turned town because you can no longer get PMI. No Problem for FHA loans.Conventional loans are tier priced increasing the rate for FICO under 6...
I just joined and have never blogged before but--There is only 1 first time. Texas Bond Program just announced- Home Sweet TexasBasic Information on this Bond Program:For property anywhere in TexasBuyer must be first time homebuyer (has not owned a home in  3 years documented by tax returns)5% do...

C.J. Winchester

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