real estate: Will The Housing Bill Help Those Current of Mortgages? - 03/16/09 09:23 AM
Many people want to know if there are benefits for those who do not get behind on payments.  Basic criteria is outlined in the paragraphs below. 
Under the Homeowners Affordability and Stability Plan some borrowers who are actually current on their mortgage can qualify.  Refinancing through Freddie Mac and Fannie Mae.  If you owe more than your property is worth-eligible loans can qualify for up to 105% of current market value.  Values to be determined after you apply for refinancing.  
There will be criteria to meet to be eligible including sufficient income and stable payment history on the mortgage.  Second mortgages … (0 comments)

real estate: Who Is making Loans on Mobile Homes now? - 08/14/08 04:44 PM
In a constantly changing market-both real estate and lending markets, I am constantly having to find new sources for loan approvals.  It is getting almost impossible to get a mobile home financed at a rate and down payment the buyer can afford.  Most buyers in our area seeking a mobile home, do so because they are getting more square footage for the buck and that is all they can afford.  In searching all my mortgage brokers in past weeks-all I am finding is junk loans with incredibly high down payments.  Hello, mortage lender! these buyers can't come up with down payments … (4 comments)

 
Lynne White, Broker (Weichert Realtors, Joe Orr and Associates)

Lynne White

Broker

Tullahoma, TN

More about me…

Weichert Realtors, Joe Orr and Associates

Address: Manchester, TN, 37355

Office: (931) 455-0555

Mobile: (931) 581-3764

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