Sean Murphy's (coastzerodownlender) Blog

VA HOME LOAN PROGRAM Call Sean Murphy @ Community First Bank for expert assistance with VA home loans (228) 861-5081.  I can provide you with a free credit report, and get you pre-approved in as little as 24 hours.  I'm also an expert with little to no money down financing.  With a VA loan you ca...

On Monday, October 1, 2007, the U.S. Department of Housing and Urban Development ("HUD") published its final rule (attached herein) governing seller-funded downpayment assistance gifts in connection with Federal Housing Administration ("FHA") mortgage loan transactions.  Generally, under current ...

Seven ways to boost your credit scoreBy MARSHALL LOEBMARKETWATCHNEW YORK --If you've been ignoring your credit score, it's time to get your head out of the sand. That three-digit number may seem like an airy abstraction, but it has a very real impact on your life: Credit scores are used to determ...

Stocks soar after half-point rate cutBy MADLEN READAP Business Writer Richard Drew/AP Photo A television screen in a booth on the floor of the New York Stock Exchange shows the rate decision of the Federal reserve, Tuesday, Sept. 18, 2007. The Federal Reserve cut a key interest rate, Tuesday, for...

Bernanke assures Hill on mortgage hitBy JEANNINE AVERSAAP Economics Writer Susan Walsh/AP Photo Chairman of the Federal Reserve Ben Bernanke, right, Housing and Urban Development Secretary Alphonso Jackson, center, and Treasury Secretary Henry Paulson, Jr., left, listen to opening remarks prior t...

Digg it del.icio.us AIM Sound Off In Action: Save money - pay down principalBy PRISCILLA FRULLApfrulla@sunherald.comA reader recently sent in the following question about why borrowers should try to pay off mortgages as quickly as possible:Q: Every now and then I hear about how you should double ...

SELLER CONTRIBUTED DOWN PAYMENT ASSISTANCE IS UNDER ATTACKOn September 18, 2007, the House of Representatives passed their version of the FHA Reform Act of 2007. The Bill includes language that specifically prohibits HUD from implementing its Proposed Rule that eliminates the use of Seller Contri...

 I've been seeing a lot of out of town investors taking advantage of the go zone.  This is a good thing as it promotes the local economy and spurs the appreciation of property.  However, I wish I were seeing more individual investors from the Coast and surrounding areas taking as great an advanta...

 Jackson - Friday, August 3, 2007The Wind Pool approved using credits against premiums for fortified construction designed to lessen damage from hurricanes.  They also created new optional deductibles of 5%, 10%, 15%, and 20%.  The credits for fortified construction will dramatically reduce the p...

  Reward yourself for paying the bills on time! Buy vs. Rent Comparison Chart   Advantages Considerations Buy Property builds equity Responsible for maintenance Sense of community, stability, and security Responsible for property taxes Free to change decor and landscaping Possibility of foreclosu...