Five Stars Mortgage's (sithburns) Blog
USDA, FHA, VA Home Loans. Conventional and 95% Jumbo Mortgages - Call us today at 800-871-2636 or visit www.FiveStarsMortgage.com We are available to assist you 7 days a week.
RECENT BLOG POSTS
Obamas plan to rescue the troubled housing market’s philosophy is based on helping struggling homeowners stay in their homes so that plummeting property values begin to taper off, thus forming a bottom. There are many who refute this idea based on the fact that over 50% of loan mod in the first q...
05/20/2009
In what could be a huge boost to the housing market, HUD Secretary Shaun Donovan’s has decided to allow florida mortgage broker to use the $8,000 government tax credit to help cover their down payment and closing costs on FLA FHA mortgages. One of the biggest challenges for first time home buyer ...
05/20/2009
Are you late on your payments? Are you upside down on your house? Is your rate adjusting? Have you tried to refinance, but have been declined? Do you fear foreclosure? A modify mortgage is the best tool if you are behind on your mortgage and are headed towards foreclosure. With a loan modificatio...
05/16/2009
0
Comments
Myth: Do you have to be late on your payments to get approved for a loan mod ? Fact: No, you do not have to be late, but it helps. You will get more attention and help from your bank if you’re late. I have seen it done many times when a home owner was not behind, but it is a lot more difficult. I...
05/07/2009
0
Comments
First time home buyers face many challenges. Often times their credit is not as strong as current homeowners. The NY FHA Mortgage allows these borrowers with less robust credit histories to still obtain financing for their home purchase in New York. New York FHA Loans is "common sense underwritte...
04/26/2009
One of the leading factors used in applying for a loan workout is a change in your financial situation that makes paying your current mortgage a hardship. The financial statement you provide to your lender during a loan mod request is the single most important document to prove your case. This is...
04/26/2009
0
Comments
When completing a loan mod company with your lender, one of the items your lender will ask for during the Loan Workout process is a hardship letter. What is a hardship letter? A hardship letter is a written explanation as to what “event” has caused you to fall behind on your mortgage. This is you...
04/23/2009
0
Comments
The attorney loan modification process can be cause for much frustration for homeowners that are looking for help. If you are considering contacting your lender about a loan modification to save your home from foreclosure, you need to get as much information upfront as possible so you will be pre...
04/15/2009
1
Comments
Some economists are predicting that the housing crisis is nearing it's bottom. This is great news for not only the US economy but also the economies of the rest of the world as well. What this also means is that profit takers are looking to get in before the doors slam shut on a historic buying o...
03/31/2009
Economists are dismissing the unexpected rebound in U.S. Missouri housing starts in February as temporary and perhaps weather-related, and suggest a bottom in the housing market is still some months away. Nevertheless Missouri Mortgage Company VanDyk Mortgage is still financing borrowers!U.S. hou...
03/19/2009
Service Areas
Residential Home Loans 7 days a week. Specializing in 95% Jumbo loans. We also offer 100% USDA Rural Home Loans, 100% VA mortgage, FHA and Conventional Home loans. Serving: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming