Marjorie Reyes took advantage of her Veteran benefits by refinancing to a VA Loan. Find out why she thinks Quicken Loans is Engineered To Amaze. Quicken Loans is an Equal Housing Lender. Rates subject to change. Quicken Loans Inc. is a licensed mortgage lender. Arkansas — Quicken Loans…
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This video explains and dispells numerous misconceptions or myths about VA refinance loans. Have you ever wondered how low your interest rate should be on a VA refinance? Have you ever been told that you should not pay VA loan closing costs? You will enjoy this video.
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Question by johnwhetzell: I am trying to refi my adjustable rate mortgage. Am I eligible for an FHA mortgage?
Unfortunately I am at about a 78% Loan to Value because of my low appraisal and I do not want to pay for mortgage insurance. Can I do an FHA instead? I am current on my payments, make k per year and live in Colorado.

Best answer:

Answer by Ed Atun
Yes, FHA will loan up to 97% LTV so you are eligible. All FHA loans have mortgage insurance. You can never eliminate MI on FHA so that doesn’t work for you, though..

Know better? Leave your own answer in the comments!

Foreclosure Angel A woman buys a stranger’s foreclosed home… and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says ‘People Need to Help Each Other’ By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. “The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.” Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. “She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?” “She said yes. & I just kept taking her word,” Mock said. Mock ended up winning the auction, with a bid of about 000. And just like that …
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amerifirst.com Whether it’s appliances, carpet or mold removal, the limited repair program FHA 203k Streamline is your home improvement and repair loan. If you’re looking for structural repairs like replacing a sill plate, pouring a new foundation or something more serious, the loan you want to consider the Full 203k Loan. 203k Educator Joe Daly breaks down the finer points of the 203k options in this Mortgage Minute. The 203k Loan doesn’t have to take months to close. AmeriFirst Home Mortgage is working to spread the word to borrowers and real estate agents that this FHA program can help rejuvenate neighborhoods hit hard by foreclosure. You can borrow against the future value of a home you find that’s a great buy but needs work. In fact we call it the “But Loan” because the 203k covers everything after “I like this house but…” Let us know how we can help.
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Ever realize that the housing mortgage market has been cornered by the federal government? Even wonder why it is that the FHA and Fannie Mae and Freddie Mac lose so much money but don’t seem to care or do anything about it?
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Price:

Related Fha Loans Qualifications Products

Best answer:

Answer by Landlord
No, you will get lower interest with a conventional loan and a normal down payment.

Give your answer to this question below!

In recent years, stock market investing has been proven unstable and not very rewarding. In fact, many people have seen their retirement and personal holding accounts dwindle. This new book provides an alternate to investors. It provides detailed information on how to put money to work in a relatively safe private mortgage investment with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multi-billion-dollar industry. This market allows investors to e

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Property Appraisals are primarily undertaken to establish a value for a given property – typically the “sales comparison” approach is used for residential properties. For “conventional” mortgages this is still the norm. For government-insured mortgages, however, the appraisal serves an additional purpose of identifying issues that need to be corrected per established guidelines. As an excellent example, here’s a snippet from the HUD FHA website: “Required Repairs: Required repairs are limited to those repairs necessary to preserve the continued marketability of the property and to protect the health and safety of the occupants, AKA the three S’s: Safety: protect the health and safety of the occupants Security: protect the security of the property (security for the FHA insured mortgage.) Soundness: correct physical deficiencies or conditions affecting structural integrity” As you can see, while the scope seems to be wide the type of repairs are actually fairly narrow. It’s the interpretation of phrases like “physical deficiencies” and “health and safety” by appraisers that is key. Source document: portal.hud.gov if you’re a buyer and wondering why the home inspector you hired for 0 can’t do this and get it done – no such luck. The FHA and VA rely solely on the “third party” appraiser to conduct their evaluation. As a seller, your listing agent should be well versed in potential appraisal repairs and offer suggestions on heading those off before it’s two weeks to …
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Veterans, take advantage of your VA Home Loan Benefit. Your VA Home Loan can allow you to buy a home with Zero Down Payment AND No Mortgage Insurance! VA Home Loan Rates are at Historic Lows so now is the perfect time. Request your Form 26-1880 today. www.myvaloanteam.com

If you have bad credit history or a past bankruptcy, you may think your dream of owning a motorcycle will never come true. Fortunately, even if you have past bad credit or bankruptcy you can get a credit loan for your new or used motorcycle. There is a wide range of lenders that focus in…

The increase in home mortgages


Image by eric731
In the picture above, we see how banks were allowed to change the way they do business.

Before, they had to accumulate money from the community to loan as a mortgage.

Now they are allowed to accumulate money from the community and loan out many mortgages off the same amount of money.

In the old system, the FDIC had to be created to protect the community from losing all their money if a borrower defaulted.

Now, the FDIC only needs to cover a portion of the depositors money because if one person defaults it only affects a portion of the money, not the whole thing.

That is why a bank allows defaulters to modify their loan. The bank knows the modified amount is only modifying the fictitious, created money, not the actual community’s money. Yes, the banks lose some future money, but they did not lose actual money, since there was only a portion of the community’s money that was actually invested in their house.

What do you think?

Heavy thoughts


Image by kioan
28/365
2008-11-19

An overview of FHA mortgages including down payment requirements, debt ratios, credit scores, interest rates, non-occupant co-borrowers, and when a first time home buyer and other buyers should consider FHA loans. Charlotte FHA loan maximums.

www.realpro.la FHA Financing and the buyer’s closing costs. TheREALPRO for Windows program will accurately calculate these details for you, the real estate or mortgage loan professional, and your client. http The down payment, loan, total payment and closing costs are calculated, including the APR REALPRO is the only computer/software made exclusively for the Real Estate/Lending Industry to give you exact figures – anywhere you need them! Throw away your pencils, papers, calculators and charts!! REALPRO answers your client’s financing questions in a matter of moments … and prints them out, too! The REALPRO System is preprogrammed to calculate these important functions and is the best way of plugging into the information that keeps you at the cutting edge of the Real Estate/Lending Industry. Loan Rep Advantages Calling on Real Estate Offices * Prequalify borrowers in seconds whether in your office, the real estate office, or out in the field * Quote in print – any loan, FHA, VA, Conventional, whether fixed, adjustable or graduated payment – in seconds, along with a buyers cost sheet, without ever looking up a chart * Amortize your various loans when asked, without complicated charts * Prequalify homes for your real estate agents so they know what income to look for when holding an open house * Enhance your professional image so that agents have enough confidence in you to involve you in the transaction * Show the type of instant service and professionalism you can offer …
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www.SunwestTrust.com – 800-642-7167. You probably have heard about the national credit crisis. During this time of national crisis have you ever considered becoming a bank? That’s right; you can become a bank for a friend or family member.

Question by maggiemooandyou: Loan Approval?
I applied for a personal loan through Regions yesterday. How long does it usually take to get a response? I applied in-branch.

Best answer:

Answer by Rithy
I suggest you call the person you spoke with yesterday to make sure that your application is complete. If it is, then you can ask how long you can expect to wait. That’s your best way of finding out….

What do you think? Answer below!

Charles D’Alessandro of Fillmore Real Estate interviews a mortgage professional. The question is what does a first time home buyer do to prepare for their Brooklyn home search.
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www.myfirsthomenewsletter.com – Purchasing your first home is an exciting and scary time. For the most part, new homebuyers are unfamiliar with the home buying process. Before accepting a mortgage loan, it is important to educate yourself on various loan programs. Furthermore, first time home buyers should be aware of factors that improve and decrease their chances of getting a good loan package. First Time Home Buyer Loans Advice Video contains royalty-free music of Kevin MacLeod (incompetech.com), licensed by Creative Common Attribution 3.0. creativecommons.org

Cory Kessenich here with Inlanta Mortgage Madison. If you’ve been tuning in, I’ve been doing some educational videos to help consumers understand loan programs we can offer. Today we’re going to dive a little deeper into conventional mortgage insurance versus FHA mortgage insurance. Resources: Private Mortgage Insurance: an Overview (video) www.youtube.com View the comparison chart at realestatemarbles.com Visit us online at www.madisonmortgageloans.com Cory Kessenich Mortgage Consultant Toll Free 877-240-5810 x205 cory.kessenich@madisonmortgageguys.com www.realestatemarbles.com NMLS ID #208789 Inlanta NMLS ID #1016
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Here’s the cure for those homes for sale that are ugly…err…visually challenged. This FHA loan can help a buyer alter the appearance of any home, inside and out! * Up to 000 for repairs and rehab (simple / non-structural) * Additional 00 allowed for energy efficiency items (windows, etc.) * Final loan amount is limited to 110% of after-improved value * No FHA consultants required * Less than 000 in repairs — no final inspection required * Not limited to FHA required repairs * Replace ugly paint, flooring, windows and buy new appliances! * Work must be completed by licensed contractor(s) * No minimum repair cost * Work must be started within 30 days after closing * Work must be completed within 6 months after closing. * Contractors will be paid in two installments – 50% upfront with final payment at completion. * 10% contingency may be required Buyer’s process will go like this: * Get a home under contract. * Identify desired/necessary improvements. * Get bids and homeowner/contractor agreements from contractors. * Lender provides list of repairs and bids to FHA appraiser. * FHA appraiser determines after-improved value. * Loan is underwritten and closed. Call us with any questions. We would love to be of service! – created at lapalmahomefinder411.com
Video Rating: 5 / 5

Steven F. Udvar-Hazy Center: south hangar panorama, including B-29 Superfortress “Enola Gay”, Grumman F6F-3 Hellcat, among others


Image by Chris Devers
See more photos of this, and the Wikipedia article.

Details, quoting from Smithsonian National Air and Space Museum: Steven F. Udvar-Hazy | Boeing B-29 Superfortress "Enola Gay":

Boeing’s B-29 Superfortress was the most sophisticated propeller-driven bomber of World War II and the first bomber to house its crew in pressurized compartments. Although designed to fight in the European theater, the B-29 found its niche on the other side of the globe. In the Pacific, B-29s delivered a variety of aerial weapons: conventional bombs, incendiary bombs, mines, and two nuclear weapons.

On August 6, 1945, this Martin-built B-29-45-MO dropped the first atomic weapon used in combat on Hiroshima, Japan. Three days later, Bockscar (on display at the U.S. Air Force Museum near Dayton, Ohio) dropped a second atomic bomb on Nagasaki, Japan. Enola Gay flew as the advance weather reconnaissance aircraft that day. A third B-29, The Great Artiste, flew as an observation aircraft on both missions.

Transferred from the United States Air Force.

Manufacturer:
Boeing Aircraft Co.
Martin Co., Omaha, Nebr.

Date:
1945

Country of Origin:
United States of America

Dimensions:
Overall: 900 x 3020cm, 32580kg, 4300cm (29ft 6 5/16in. x 99ft 1in., 71825.9lb., 141ft 15/16in.)

Materials:
Polished overall aluminum finish

Physical Description:
Four-engine heavy bomber with semi-monoqoque fuselage and high-aspect ratio wings. Polished aluminum finish overall, standard late-World War II Army Air Forces insignia on wings and aft fuselage and serial number on vertical fin; 509th Composite Group markings painted in black; "Enola Gay" in black, block letters on lower left nose.

• • • • •

See more photos of this, and the Wikipedia article.

Details, quoting from Smithsonian National Air and Space Museum: Steven F. Udvar-Hazy | Grumman F6F-3 Hellcat:

The Grumman F6F Hellcat was originally conceived as an advanced version of the U.S. Navy’s then current front-line fighter, the F4F Wildcat (see NASM collection). The Wildcat’s intended replacement, the Vought F4U Corsair (see NASM collection), first flown in 1940, was showing great promise, but development was slowed by problems, including the crash of the prototype.

The National Air and Space Museum’s F6F-3 Hellcat, BuNo. 41834, was built at Grumman’s Bethpage, New York, factory in February 1944 under contract NOA-(S)846. It was delivered to the Navy on February 7, and arrived in San Diego, California, on the 18th. It was assigned to Fighter Squadron 15 (VF-15) on USS Hornet (CV12) bound for Hawaii. On arrival, it was assigned to VF-3 where it sustained damage in a wheels-up landing at NAS Barbers Point, Hawaii. After repair, it was assigned to VF-83 where it was used in a training role until February 21, 1945. After numerous transfers 41834 was converted to an F6F-3K target drone with the installation of sophisticated radio-control equipment. It was painted red with a pink tail that carried the number 14. Its mission was to be used in Operation Crossroads – the atomic bomb tests at Bikini Atoll. It flew on June 24, 1946, with a pilot, on a practice flight and was launched, unmanned, soon after the first bomb test. Instrumentation on board and photographic plates taped to the control stick obtained data on radioactivity. Three more manned flights preceded the final unmanned flight on July 25, 1946, which evaluated the first underwater explosion. Records indicate that exposure of this aircraft to the radioactive cloud was minimal and residual radiation is negligible.

F6F-3K 41834 was transferred to NAS Norfolk and logged its last flight on March 25, 1947, with a total of 430.2 flying hours. It was assigned to the National Air Museum on November 3, 1948, and remained at Norfolk until October 4, 1960, when it was moved by barge to Washington and placed in storage. In 1976 this Hellcat was loaned to the USS Yorktown Museum at Charleston, South Carolina. A superficial restoration was performed at the museum, but because of the harsh environment and its poor condition the Hellcat was returned to NASM on March 16, 1982. In 1983, it was sent to Grumman Aerospace where a team of volunteers completely restored the aircraft. In 1985, it was shipped back to the Paul E. Garber Preservation, Restoration and Storage Facility in Suitland, Maryland, and put in storage. NASM’s F6F-3 Hellcat is scheduled to be displayed in the new Steven F. Udvar-Hazy center at Dulles International Airport in Virginia in 2004.

Transferred from the United States Navy.

Manufacturer:
Grumman Aircraft Engineering Corporation

Date:
1943

Country of Origin:
United States of America

Dimensions:
Overall: 338 x 1021cm, 4092kg, 1304cm (11ft 1 1/16in. x 33ft 5 15/16in., 9021.2lb., 42ft 9 3/8in.)

Physical Description:
Heavy armor plate, reinforced empennage, R-2800-10W engine, spring tabs on the ailerons (increased maneuverability), could carry rockets as well as bombs.

Steven F. Udvar-Hazy Center: Grumman F6F-3 Hellcat


Image by Chris Devers
Quoting Smithsonian National Air and Space Museum | Grumman F6F-3 Hellcat:

The Grumman F6F Hellcat was originally conceived as an advanced version of the U.S. Navy’s then current front-line fighter, the F4F Wildcat (see NASM collection). The Wildcat’s intended replacement, the Vought F4U Corsair (see NASM collection), first flown in 1940, was showing great promise, but development was slowed by problems, including the crash of the prototype.

The National Air and Space Museum’s F6F-3 Hellcat, BuNo. 41834, was built at Grumman’s Bethpage, New York, factory in February 1944 under contract NOA-(S)846. It was delivered to the Navy on February 7, and arrived in San Diego, California, on the 18th. It was assigned to Fighter Squadron 15 (VF-15) on USS Hornet (CV12) bound for Hawaii. On arrival, it was assigned to VF-3 where it sustained damage in a wheels-up landing at NAS Barbers Point, Hawaii. After repair, it was assigned to VF-83 where it was used in a training role until February 21, 1945. After numerous transfers 41834 was converted to an F6F-3K target drone with the installation of sophisticated radio-control equipment. It was painted red with a pink tail that carried the number 14. Its mission was to be used in Operation Crossroads – the atomic bomb tests at Bikini Atoll. It flew on June 24, 1946, with a pilot, on a practice flight and was launched, unmanned, soon after the first bomb test. Instrumentation on board and photographic plates taped to the control stick obtained data on radioactivity. Three more manned flights preceded the final unmanned flight on July 25, 1946, which evaluated the first underwater explosion. Records indicate that exposure of this aircraft to the radioactive cloud was minimal and residual radiation is negligible.

F6F-3K 41834 was transferred to NAS Norfolk and logged its last flight on March 25, 1947, with a total of 430.2 flying hours. It was assigned to the National Air Museum on November 3, 1948, and remained at Norfolk until October 4, 1960, when it was moved by barge to Washington and placed in storage. In 1976 this Hellcat was loaned to the USS Yorktown Museum at Charleston, South Carolina. A superficial restoration was performed at the museum, but because of the harsh environment and its poor condition the Hellcat was returned to NASM on March 16, 1982. In 1983, it was sent to Grumman Aerospace where a team of volunteers completely restored the aircraft. In 1985, it was shipped back to the Paul E. Garber Preservation, Restoration and Storage Facility in Suitland, Maryland, and put in storage. NASM’s F6F-3 Hellcat is scheduled to be displayed in the new Steven F. Udvar-Hazy center at Dulles International Airport in Virginia in 2004.

Transferred from the United States Navy.

Manufacturer:
Grumman Aircraft Engineering Corporation

Date:
1943

Country of Origin:
United States of America

Dimensions:
Overall: 338 x 1021cm, 4092kg, 1304cm (11ft 1 1/16in. x 33ft 5 15/16in., 9021.2lb., 42ft 9 3/8in.)

Physical Description:
Heavy armor plate, reinforced empennage, R-2800-10W engine, spring tabs on the ailerons (increased maneuverability), could carry rockets as well as bombs.

www.prestonware.com The FHA 203K loan is for the fixer-upper whether it is a purchase or a refinance. 561-329-0075
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