RECENT BLOG POSTS
Condo financing has been even more difficult to complete from one year ago. The main reason is the significant amount of foreclosures and lack of the Association financial strength. Fannie investor rule implementation requirements are very strict. I am having an issue with one loan right now due ...
03/05/2010
LOAN DOCUMENTS REQUIRED TO COMPLETE LOAN TRANSACTION ____ Original bank statements for the last 2 months. One quarter statement for IRA's stocks etc ____ Earnest Money Contract + cancelled check for deposit for purchases ____ Mortgage statement on the mortgage that we will payoff (if refinance) _...
01/18/2010
We can Finance Non-Warrantable Condo's in the state of Florida 20% downpayment 4.5% interest rate This is becoming a huge issue in Florida. Fannie Mae has specific guidelines on what makes a condo warrantable. The requirements of warrantability include these typical benefits: The condominium proj...
12/01/2009
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Condo financing has been even more difficult to complete from one year ago. The main reason is the significant amount of foreclosures and lack of the Association financial strength. Fannie investor rule implementation requirements are very strict. I am having an issue with one loan right now due ...
10/30/2009
Construction financing for residential properties has become very difficult. Most lenders have stopped doing CP (construction to permanent loans) due to the large amount of homes for sale. The construction financing for these projects has dried up for both clients and builders. Developers are see...
10/22/2009
Mortgage Rates in Naples, Florida I have been serving hundreds of clients with quality of service in mind with every transaction. It is very important to find a mortgage company that will work hard for you. Why clients choose CORE Mortgage Financial over local banks.   Better mortgage rates We co...
10/22/2009
Mortgage Broker In Naples Florida. We provide financing for all residential and commercial properties. I have been serving hundreds of clients with quality of service in mind with every transaction. It is very important to find a Mortgage Broker that will work hard for you. Why clients choose COR...
10/21/2009
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  NO INCOME/ NO ASSET/ NO EMPLOYMENT LOANS These type of loans still do exist in today's market. They are primarily geared for people that cannot get financing but either have equity or putting a large down payment. I do not recommend these loans to my clients unless they plan on paying off the l...
10/19/2009
Rates - APR - Points - Fees: How the Playing Field is Still "Crooked" I talked to a client today who was shopping me against some other lenders. I don't blame people, and frankly if I think someone else has a better offer and they are legit, I advise "my client" so and have no hard feelings. In t...
10/07/2009
I am having a tough time getting SBA loans approved.  The Small Business Administration has delivered 36% fewer loans than in 2008. The SBA offers banks guarantees on the money they lend to qualifying small businesses. If the borrower defaults, the government pays the bank back a portion of the l...
10/06/2009
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