ARCHIVED BLOG POSTS

2008 

More and more lenders are making it a requirement for home buyers to attend a buyers education class, to help ensure that they fully understand the steps they are about to take. Purchasing a home is a major change in your life and we want to help prepare you for what's to come. Before, during an...
10/24/2008
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"I'm always making a comeback but nobody ever tells me where I've been." Billie Holiday. Making a comeback was exactly what Bonds and home loan rates attempted last week, after approaching some of their worst levels this year. While the Bond market was closed last Monday in Observance of Columbu...
10/24/2008
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 Small Rental Assistance Program Round two of the Mississippi Development Authority's small rental assistance program will be ready for applications October 15, 2008.  They have made a number of changes to help make the program more "User Friendly".   There is now an online application which will...
10/24/2008
Meltdown 101: What's a mortgage backed security - and why would anyone want my mortgage?ELLEN SIMON , Star Tribune NEW YORK - When you sit at your kitchen table and write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the ...
10/24/2008
MOST BUYERS CAN STILL QUALIFY FOR A MORTGAGE LOAN WITH 580 CREDIT SCORE! Credit applicants with lower scores generally must have more bank reserves and lenders still look at debt ratios -- the percentage of income a person spends on debt each month. FHA lending guidelines allow for some buyers wi...
10/15/2008
5 Common First-Time Home Buyer Mistakes 1. They don't ask enough questions of their lender and end up missing out on the best deal.2. They don't act quickly enough to make a decision and someone else buys the house. 3. They don't find the right agent who's willing to help them through the home bu...
10/15/2008
Ethics Q&A: For Enforceable Contracts, Put It on PaperPutting offers and contracts into writing isn't a must, but it's always best. By Bruce Aydt | September 2008 Q: Must all offers to purchase property be in writing?  A: At least two Articles in the Code ...
10/15/2008
Fannie Mae REFINANCE POLICIES revised: just looking at this stuff is scary, ladies and gentlemen. Fannie has seen all of the tricks in the book such as making a purchase look like a refinance, for instance. (It's a great way to get rid of those nasty down-payment requirements.) Or making a cash-o...
10/15/2008
FHA.... New changes simplified. I have attached a flyer here that was created to work as a guide for realtors. In this fast changing industry I want to give a helping hand, I think that it is very important to keep my realtors updated with the most current program changes and guidelines. This hel...
10/14/2008
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         Important New FHA Guideline on Converting your Existing Home to Rental Buyers cannot purchase a home going FHA if they are going to rent out their current property and use the lease income to offset the mortgage payment- THERE ARE FEW EXCEPTIONS TO THIS NEW RULE, THEY ARE LISTED BELOW. i...
10/14/2008
Rainer
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Sunny Group Movement Mortgage

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