Archive for 'Lending Guidelines'

Fresh Approaches to Private Residential Real Estate Lending

We are beginning to see paradigm shifts in housing finance. A few new companies are bringing fresh approaches to private residential real estate lending and the programs are geared to those who have less than 20% down payment. Below are two variations of the equity sharing programs and a third option called “Intra Family Lending” where family members are becoming mini-lenders (not the same as gifting funds). All three are ...

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Lending to get tougher? Plus rates…

We all think current lending standards are tough… Well the Government is now proposing even tougher mortgage lending guidelines for 2012.  As you may know 95% of loans originated are purchased by Government-Sponsored Entities (Fannie Mae and Freddie Mac) since there are not many “Private” money lenders like we had during the “bubble” years. We think these new rules maybe a way for the Government to wind down the GSEs and significantly ...

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Mortgage Refinance Program Expands….

Is your home value less than your current mortgage balance? If so, you now have more options now! Recently, the government updated the mortgage refinance guidelines to allow refinances up to 125% of your home value through Fannie Mae, but if your loan was owned by Freddie Mac, you were restricted to facilitating the refinance through your original lender causing confusion and delay.

Beginning October 1st 2009, Freddie Mac will introduce ...

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Improving My Credit Score-Do’s and Don’ts When Trying to Buy a Home

Buying a home is an exciting process. It opens up a new canvas for furnishing, decorating or otherwise accessorizing your life. This also opens up many potential opportunities to damage your credit score. By following these few simple rules, you can streamline the process:

  1. We have all heard that if your credit score report is run too many times, it will drop your score. There is some truth to this. If ...

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