Mark's Blog

By
Real Estate Mortgage Broker - American Eagle Mortgage Co. LLC
RECENT BLOG POSTS
CONDO FINANCING IN FLORIDA IS NOT A SIMPLE TASK. TODAY MANY LENDERS REFUSE TO LEND ON CONDO'S IN FLORIDA. HOWEVER HOMELYNX HOME LOANS IS OFFERING FINANCING ON FLORIDA CONDOS AND AT ATTRACTIVE RATES AND TERMS. PRIMARY RESIDENCE CONDOS -REQUIRE A DOWN PAYMENT OF 25% DOWN SECOND HOME CONDOS- REQUIRE...
Posted almost 4 years ago
Do you live in Florida and are you currently underwater on your mortgage? Well Fannie Mae and Freddie Mac have relaxed there requirements on refinancing those underwater mortgage loans held by them. As of October 1, 2009 borrowers will be able to refinance their home loan up to 125% of the apprai...
Posted over 4 years ago
Driving the Nail into Mortgage Brokers and Appraisal Companies! The rules, which go by the name Home Valuation Code of Conduct, is intended to improve the accuracy of appraisals by eliminating pressure on appraisers from loan officers. The code pushes most large lenders to use third-party "apprai...
Posted almost 5 years ago
It finally here, yes 105% refinances! Here is how it works- When you originally took out the loan you put a minumum down payment of 20%. Because you did this you were not required to have PMI insurance. Now based on your appraisal you will be able to refinance up to 105% with no PMI.  This should...
Posted almost 5 years ago
Investors have taken a hard stance on Condo financing in Florida. Today certain Investor's such as Chase Mortgage have decided they will not offer the ability to purchase any loans were the the property is secured by a condo. Other Investors have place limits on the maximum Loan to Value at 75%. ...
Posted about 5 years ago
Hello Everyone USDA(RURAL HOUSING) is a great product, here are some of the features that set this product apart from the pack. 100% financing No Private Insurance Can roll in Closing cost if apprasial come in higher than Purchase price Unlimited Seller concessions Gift Funds allowed- do not have...
Posted about 5 years ago
EFFECTIVE FEB 21, 2009 INVESTORS WHO BUY FHA/ VA LOAN PAPER HAVE INCREASED THE MINUMUM SCORE REQUIREMENT TO 620. AGAIN THIS MAY NOT SOUND LIKE MUCH BUT THIS CHANGE WILL EFFECT A LOT OF POTENTIAL CUSTOMERS. EVEN WITH THIS CHANGE FHA/ VA FINANCING CONTINUES TO BE THE PRODUCT FOR A LOT OF AMERICANS....
Posted about 5 years ago
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Mark Campbell

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