An FHA 203K Loan Makes Financing Lender Required Repairs Simple

The FHA 203K loan is a type of financing that is insured by the Federal Housing Administration. It is a unique type of financing that allows homeowners to obtain both a purchase loan and rehabilitation financing in the same transaction. Before this transcendent loan program, a homeowner had to obtain an initial, temporary loan to [...]

Our Mortgage Advice for the Week of May 24th

Present Market Conditions
“Mortgage rates last week were the lowest this year. Rates on 30-year fixed loans were not this low since the week of December 20, 2009, and 15-year fixed mortgages hit an all-time record since data began in August 1991” stated Frank Nothaft, chief economist for Freddie Mac. He continued [...]

Should you pay your mortgage or just walk away?

Without a doubt the toughest decisions you will make as a homeowner if you’ve lost your job…or seen your values wiped out by a wave of neighborhood foreclosures…. is whether to keep on paying your mortgage….or not. Here are two articles that highlight this very issue.
Let me know what your thoughts are.
http://www.housingwatch.com/2010/01/25/the-new-mortgage-revolution-walk-away/
http://online.wsj.com/article/SB126100260600594531.html?mod=WSJ_newsreel_realEstate

U.S. is going to look to foreign investors to help fund our housing market

As the U.S. housing market boomed in the past decade and fueled a bull market in mortgage investments, Norway’s government-owned fund went along for the ride — and the fall. And now that the Fed is set to back away from buying mortgage backed securities we could be in for some bumpy times in the [...]

The Fed support for low mortgage rates is set to end…..

For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates.
Now, whether the housing market is ready or not, the government is pulling out.
The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of whether the Obama administration [...]

So, how does this Homebuyers Tax Credit Work?

So, how does this Homebuyers Tax Credit Work?
For those of us who are still left in the mortgage business (masochists that we are) , next to being asked, “So, are there any mortgage loans left?”, questions about the tax credit come in a close second. So, I thought I might provide a more detailed post [...]

Check out this cool new real estate search tool….

Check out this video for a look at one of the best…if not THE best tools for researching homes for sale, home that have sold, foreclosures…you can even find homes based on their proximity to a Starbucks.
http://www.screencast.com/users/DavidChandler/folders/Jing/media/b35cf5b6-a099-41b7-9b60-e11d285b0555
If you’d like access to this, it’s free of charge. Just give us a call or email us today [...]

In over your head yet? Do what I do!

Without fail every year, but this year in particular, I start out by putting a LOT on my plate. And this year I’ve really put a LOT on the plate. So here we are, it’s only January 10th and I’m already feeling overwhelmed. Now I know that much of this is of my own doing [...]

Shopping Around for a Mortgage Loan?

HERE’S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!
First:  make sure you are working with an experienced, professional loan officer.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along [...]

DC Team contracts with the Third River

If you are wondering who built this great website….
the answer is none other than Tim Fahndrich,  the President & Chief Relationship Officer for The Third River. Tim started working in the internet space in 1996 when he co-founded one of the first “dot-coms” in the lawn and garden industry.  He went on to build one [...]

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