Richard's Real Estate Thoughts

Real Estate Mortgage Broker
Mortgages, Mortgage, Home loans, home finance, home refinance, home purchase, credit, credit scoring, credit repair, conventional, FHA, VA, Rural Development, investment, First Time Home Buyer, investment, FHA 203k, renovation loans, Chattanooga, Knoxville, Cleveland, Nashville, Memphis, North Georgia, Hamilton, Bradley, Sequatchie, Catoosa, Walker, Davidson, Tennessee, Georgia, Ooltewah, Soddy Daisy, Signal Mountain, MLO NMLS 184479, TN Lic 40161, Georgia Mortgage Licensee
Buyers can find great home buys in our market today, especially with the still high foreclosure home inventory. Some of these homes have some minor repairs that must be dones prior to closing on the purchase. A great option for these homes if the repairs are minor but required by the lender or th...
Posted about 2 months ago
The FHA 203k program is an excellent way to finance renovations, especially for a new home buyer. Often the 203k program is considered as a good program for needed repairs, but it can just as easily be used for upgrades and improvements. The streamlined 203k program can be fairly easy to close, d...
Posted 5 months ago
USDA Rural Development Guaranteed Home Loan is one of the most popular home loans in today's market. The main reason for its popularity is that the loan program does not require a down payment and the seller can pay most or all of the closing costs. The second reason for the program's popularity ...
Posted 9 months ago
Foreclosured homes have become a major segment of the home sales market. For many home buyers, purchasing a foreclosure property means buying a Great Deal. As with any home, buyers should be informed about the price, the neighborhood, and the condition of any property they are considering to buy....
Posted 12 months ago
The recent changes to FHA mortgage insurance have continued the recent trends of increasing costs for home buyers using FHA financings. Over the last few years monthly FHA mortgage insurance has been raised an annual premium of .55% to this new 1.35%. police is   This is a small increase above th...
Posted about 1 year ago
Buying a first home remains the goal for most people and families. It has become more difficult for some over recent years, but for those who can qualify, it has never been more affordable. Rates continue to be low Home prices remain low, even with recent increases Low down payment options are av...
Posted over 1 year ago
Home buyers may have the perception that mortgage lenders have increased their documentation requirements. That perception has been encouraged by some sloppy media reporting, but for most buyers mortgage lenders have not increased documentation requirements. The low and no doc loans are no longer...
Posted over 1 year ago
One of the first questions that many home buyers, especially first time home buyers, often ask is "What type of home loan is right for me?".  There are many options (Conventional, FHA, VA, USDA, Jumbo, Homepath, 203k, 1st and 2nd mortgage combination) and those options can often be confusing for ...
Posted over 1 year ago
Purchasing a home has never been more affordable, but purchasing a home may have never been more demanding. The basic qualification requirements though have not really changed. You, as a home buyer, must document your credit, your income, and your assets. The key for a smooth and on time closing ...
Posted almost 2 years ago
FHA has announced another increase in their mortgage insurance premiums. These premiums are charged to borowers as insurance against default. FHA is required to maintain a certain level of capital reserves to protect against losses, and a consequence of some of the recent economic problems has be...
Posted about 2 years ago

Richard Smith

FHA VA Rural Development in TN GA
Ask me a question
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cloud to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: