This is the 5th installment of the Loan Program Quick Reference Guide and today I am focusing on the HomePath loan. Monday I gave you the rundown on the standard FHA loan. Tuesday it was the VA. Wednesday I highlighted conventional loans and yesterday the spotlight was on the FHA 203(k) Stream
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06/10/2011
Good morning - This is part for in the "Quick Reference Guide Series" that I started writing on Monday. I have already covered FHA, VA, and Conventional loans with regard to general guidelines and the benefits to the home buyer. In today's post, I will be covering my favorite loan, the FHA 203(
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06/09/2011
This is the third in a series of posts meant to provide you with a some quick and easy guidelines for the most common and popular loans - as well as a few niches - in addition to defining some benefits of the various loan programs for the right customers. On Monday I provided a quick reference g
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06/08/2011
In yesterday's post, I provided some basic guidelines for the standard FHA loan and the benefits to the home buyer. In today's post, I am providing a quick reference to basic guidelines for VA loans and the associated benefits to home buyers. Feel free to call or email (or leave a comment) if y
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06/07/2011
I thought I would write a short series highlighting a number of different loan programs that are available, their main guidelines, and the key benefits to the home buyer. The featured loan for today is the standard FHA loan. FHA is the most popular loan right now. Here’s why:
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06/06/2011
I was on my morning bike ride and I was riding great. Over the last couple of weeks I've noticed a fairly significant improvement in my average miles-per-hour while I've also noticed that my average heart rate has decreased somewhat significantly as well. All of a sudden I'm riding about 1.5 mi
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05/04/2011
If you haven't found a good lender who offers the FHA 203(k) Streamline loan, then you are missing out on a fantastic niche. You may have read a recent post I wrote about two FHA 203(k) Streamline closings I had last Friday. I closed one in 25 days and the other in 21 days. This is very fast f
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05/04/2011
I met with the branch manager of a title company here in Vegas last week and she asked me how fast we were closing our loans. I told her that we are closing them in 30 days or less and that we just closed two FHA 203(k) Streamline loans in 21 and 25 days - she was amazed. She then proceeded to
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05/03/2011
Over the last nearly four years the real estate and lending industry have undergone sweeping changes and those of us in these industries are keenly aware of the changes made by lawmakers that have impacted us and our clients - mostly in negative ways. What most of us don't know are the details b
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05/01/2011
What a month!! I funded three loans yesterday, two of which were FHA 203(k) Streamline loans. FHA 203(k) Streamline loans should typically take about 35-40 days because of the extra time spent getting the bid from the contractor and the added underwriting and conditions that part of the process
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04/30/2011