Posts Tagged ‘no’

DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We have saved people Thousands of Dollars with this loan program. We will show you how to get out of debt faster, save money and get a possible tax deduction! Complete our online application.
EDUCATIONAL LOANS Education Loans provide additional funding to undergraduate, graduate, MBA, law and health professions students. These loan programs are the smart way for students to round out educational financing needs by making up the difference that isn’t covered by any other financial aid or loans a student may have. Students can borrow up to the full cost of their education, minus other financial aid. Supreme Advances offers competitive interest rates, combined billing, deferment options and flexible repayment plans. Apply today! Supreme Advances is committed to helping you make smart decisions about paying for college. We recommend that you borrow only what you need and only after exhausting all other alternatives. Be sure to use your borrowed funds only for their intended purpose and always fulfill your repayment obligations. VACATION LOANS Thinking of that dream vacation? Think Vacation Loans from Supreme Advances.
Take that dream vacation you’ve long been planning with a Supreme Advances Vacation Loan package. It’s all you’ll need to guarantee satisfaction and our commitment to your happiness. Complete an online application today.
SMALL BUSINESS LOANS In need of hard money, commercial, business loan or start up loan? We are committed to making the financing process as simple as possible and strives to meet the needs of the business & real estate owner. We offer innovative financial solutions for businesses to help spur growth, conserve cash flow, expand, purchase/refinance equipment, or restructure debt. In addition, our team of real estate professionals can assist borrowers by providing funding for all types of real estate throughout the United States. Supreme Advances, program includes – capital resource hard money loans, unsecured start up loans, bridge funding, signature loans & unsecured small business loans & More!
Hard Money Loans – Unsecured Start Up Loan – Bridge Funding – Signature Loans – Unsecured Small Business Loan – Bridge Funding – Hard Money Loans, apply today. PAYDAY LOANS to learn more about this please visit our website at PrivateFastLoans.com

loans personal loans payday loans student loans bad credit loans home loans auto loans car loans home equity loans unsecured loans fast loans countrywide home loans bad credit personal loans pay day loans cash loans small business loans fha loans mortgage loans online loans business loans debt consolidation loans private student loans direct loans loans for bad credit bad credit car loans students loans unsecured personal loans online payday loans secured loans bank loans consolidation loans no credit check loans loans for people with bad credit college loans faxless payday loans va home loans bad credit personal signature loans quick loans bad credit home loans no fax payday loans commercial loans cheap loans unsecured debt consolidation loans bad credit student loans personal loans for bad credit used car loans fha home loans bad credit auto loans loans investment mobile home loans consolidating student loans government loans compare personal loans federal student loans personal loans for people with bad credit military loans equity loans loans with bad credit car title loans countrywide loans real estate loans sallie mae student loans construction loans loans online cash advance loans title loans poor credit loans short term loans va loans astrive student loans sba loans installment loans signature loans easy to get payday loans manufactured home loans same day payday loans quicken loans fast cash loans motorcycle loans bad credit payday loans high risk personal loans stafford loans consolidate student loans chase student loans payday loans or cash advances home improvement loans bad credit installment loans instant payday loans high risk loans home settlement loans school loans instant loans used auto loans hard money loans personal loans with bad credit loans cash unsecured bad credit loans poor credit personal loans personal loans bad credit quick cash loans

Duration : 0:5:52

Read the rest of this entry »

Technorati Tags: bad, cheap, check, college, commercial, credit, Debt, fax, faxless, for, Home, Loans, no, payday, people, personal, Quick, signature, unsecured, VA, with

DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We have saved people Thousands of Dollars with this loan program. We will show you how to get out of debt faster, save money and get a possible tax deduction! Complete our online application.
EDUCATIONAL LOANS Education Loans provide additional funding to undergraduate, graduate, MBA, law and health professions students. These loan programs are the smart way for students to round out educational financing needs by making up the difference that isn’t covered by any other financial aid or loans a student may have. Students can borrow up to the full cost of their education, minus other financial aid. Supreme Advances offers competitive interest rates, combined billing, deferment options and flexible repayment plans. Apply today! Supreme Advances is committed to helping you make smart decisions about paying for college. We recommend that you borrow only what you need and only after exhausting all other alternatives. Be sure to use your borrowed funds only for their intended purpose and always fulfill your repayment obligations. VACATION LOANS Thinking of that dream vacation? Think Vacation Loans from Supreme Advances.
Take that dream vacation you’ve long been planning with a Supreme Advances Vacation Loan package. It’s all you’ll need to guarantee satisfaction and our commitment to your happiness. Complete an online application today.
SMALL BUSINESS LOANS In need of hard money, commercial, business loan or start up loan? We are committed to making the financing process as simple as possible and strives to meet the needs of the business & real estate owner. We offer innovative financial solutions for businesses to help spur growth, conserve cash flow, expand, purchase/refinance equipment, or restructure debt. In addition, our team of real estate professionals can assist borrowers by providing funding for all types of real estate throughout the United States. Supreme Advances, program includes – capital resource hard money loans, unsecured start up loans, bridge funding, signature loans & unsecured small business loans & More!
Hard Money Loans – Unsecured Start Up Loan – Bridge Funding – Signature Loans – Unsecured Small Business Loan – Bridge Funding – Hard Money Loans, apply today. PAYDAY LOANS to learn more about this please visit our website at PrivateFastLoans.com

loans personal loans payday loans student loans bad credit loans home loans auto loans car loans home equity loans unsecured loans fast loans countrywide home loans bad credit personal loans pay day loans cash loans small business loans fha loans mortgage loans online loans business loans debt consolidation loans private student loans direct loans loans for bad credit bad credit car loans students loans unsecured personal loans online payday loans secured loans bank loans consolidation loans no credit check loans loans for people with bad credit college loans faxless payday loans va home loans bad credit personal signature loans quick loans bad credit home loans no fax payday loans commercial loans cheap loans unsecured debt consolidation loans bad credit student loans personal loans for bad credit used car loans fha home loans bad credit auto loans loans investment mobile home loans consolidating student loans government loans compare personal loans federal student loans personal loans for people with bad credit military loans equity loans loans with bad credit car title loans countrywide loans real estate loans sallie mae student loans construction loans loans online cash advance loans title loans poor credit loans short term loans va loans astrive student loans sba loans installment loans signature loans easy to get payday loans manufactured home loans same day payday loans quicken loans fast cash loans motorcycle loans bad credit payday loans high risk personal loans stafford loans consolidate student loans chase student loans payday loans or cash advances home improvement loans bad credit installment loans instant payday loans high risk loans home settlement loans school loans instant loans used auto loans hard money loans personal loans with bad credit loans cash unsecured bad credit loans poor credit personal loans personal loans bad credit quick cash loans

Duration : 0:5:14

Read the rest of this entry »

Technorati Tags: bad, cheap, check, college, commercial, credit, Debt, fax, faxless, for, Home, Loans, no, payday, people, personal, Quick, signature, unsecured, VA, with

DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We have saved people Thousands of Dollars with this loan program. We will show you how to get out of debt faster, save money and get a possible tax deduction! Complete our online application.
EDUCATIONAL LOANS Education Loans provide additional funding to undergraduate, graduate, MBA, law and health professions students. These loan programs are the smart way for students to round out educational financing needs by making up the difference that isn’t covered by any other financial aid or loans a student may have. Students can borrow up to the full cost of their education, minus other financial aid. Supreme Advances offers competitive interest rates, combined billing, deferment options and flexible repayment plans. Apply today! Supreme Advances is committed to helping you make smart decisions about paying for college. We recommend that you borrow only what you need and only after exhausting all other alternatives. Be sure to use your borrowed funds only for their intended purpose and always fulfill your repayment obligations. VACATION LOANS Thinking of that dream vacation? Think Vacation Loans from Supreme Advances.
Take that dream vacation you’ve long been planning with a Supreme Advances Vacation Loan package. It’s all you’ll need to guarantee satisfaction and our commitment to your happiness. Complete an online application today.
SMALL BUSINESS LOANS In need of hard money, commercial, business loan or start up loan? We are committed to making the financing process as simple as possible and strives to meet the needs of the business & real estate owner. We offer innovative financial solutions for businesses to help spur growth, conserve cash flow, expand, purchase/refinance equipment, or restructure debt. In addition, our team of real estate professionals can assist borrowers by providing funding for all types of real estate throughout the United States. Supreme Advances, program includes – capital resource hard money loans, unsecured start up loans, bridge funding, signature loans & unsecured small business loans & More!
Hard Money Loans – Unsecured Start Up Loan – Bridge Funding – Signature Loans – Unsecured Small Business Loan – Bridge Funding – Hard Money Loans, apply today. PAYDAY LOANS to learn more about this please visit our website at PrivateFastLoans.com

loans personal loans payday loans student loans bad credit loans home loans auto loans car loans home equity loans unsecured loans fast loans countrywide home loans bad credit personal loans pay day loans cash loans small business loans fha loans mortgage loans online loans business loans debt consolidation loans private student loans direct loans loans for bad credit bad credit car loans students loans unsecured personal loans online payday loans secured loans bank loans consolidation loans no credit check loans loans for people with bad credit college loans faxless payday loans va home loans bad credit personal signature loans quick loans bad credit home loans no fax payday loans commercial loans cheap loans unsecured debt consolidation loans bad credit student loans personal loans for bad credit used car loans fha home loans bad credit auto loans loans investment mobile home loans consolidating student loans government loans compare personal loans federal student loans personal loans for people with bad credit military loans equity loans loans with bad credit car title loans countrywide loans real estate loans sallie mae student loans construction loans loans online cash advance loans title loans poor credit loans short term loans va loans astrive student loans sba loans installment loans signature loans easy to get payday loans manufactured home loans same day payday loans quicken loans fast cash loans motorcycle loans bad credit payday loans high risk personal loans stafford loans consolidate student loans chase student loans payday loans or cash advances home improvement loans bad credit installment loans instant payday loans high risk loans home settlement loans school loans instant loans used auto loans hard money loans personal loans with bad credit loans cash unsecured bad credit loans poor credit personal loans personal loans bad credit quick cash loans

Duration : 0:5:57

Read the rest of this entry »

Technorati Tags: bad, cheap, check, college, commercial, credit, Debt, fax, faxless, for, Home, Loans, no, payday, people, personal, Quick, signature, unsecured, VA, with

DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We have saved people Thousands of Dollars with this loan program. We will show you how to get out of debt faster, save money and get a possible tax deduction! Complete our online application.
EDUCATIONAL LOANS Education Loans provide additional funding to undergraduate, graduate, MBA, law and health professions students. These loan programs are the smart way for students to round out educational financing needs by making up the difference that isn’t covered by any other financial aid or loans a student may have. Students can borrow up to the full cost of their education, minus other financial aid. Supreme Advances offers competitive interest rates, combined billing, deferment options and flexible repayment plans. Apply today! Supreme Advances is committed to helping you make smart decisions about paying for college. We recommend that you borrow only what you need and only after exhausting all other alternatives. Be sure to use your borrowed funds only for their intended purpose and always fulfill your repayment obligations. VACATION LOANS Thinking of that dream vacation? Think Vacation Loans from Supreme Advances.
Take that dream vacation you’ve long been planning with a Supreme Advances Vacation Loan package. It’s all you’ll need to guarantee satisfaction and our commitment to your happiness. Complete an online application today.
SMALL BUSINESS LOANS In need of hard money, commercial, business loan or start up loan? We are committed to making the financing process as simple as possible and strives to meet the needs of the business & real estate owner. We offer innovative financial solutions for businesses to help spur growth, conserve cash flow, expand, purchase/refinance equipment, or restructure debt. In addition, our team of real estate professionals can assist borrowers by providing funding for all types of real estate throughout the United States. Supreme Advances, program includes – capital resource hard money loans, unsecured start up loans, bridge funding, signature loans & unsecured small business loans & More!
Hard Money Loans – Unsecured Start Up Loan – Bridge Funding – Signature Loans – Unsecured Small Business Loan – Bridge Funding – Hard Money Loans, apply today. PAYDAY LOANS to learn more about this please visit our website at PrivateFastLoans.com

loans personal loans payday loans student loans bad credit loans home loans auto loans car loans home equity loans unsecured loans fast loans countrywide home loans bad credit personal loans pay day loans cash loans small business loans fha loans mortgage loans online loans business loans debt consolidation loans private student loans direct loans loans for bad credit bad credit car loans students loans unsecured personal loans online payday loans secured loans bank loans consolidation loans no credit check loans loans for people with bad credit college loans faxless payday loans va home loans bad credit personal signature loans quick loans bad credit home loans no fax payday loans commercial loans cheap loans unsecured debt consolidation loans bad credit student loans personal loans for bad credit used car loans fha home loans bad credit auto loans loans investment mobile home loans consolidating student loans government loans compare personal loans federal student loans personal loans for people with bad credit military loans equity loans loans with bad credit car title loans countrywide loans real estate loans sallie mae student loans construction loans loans online cash advance loans title loans poor credit loans short term loans va loans astrive student loans sba loans installment loans signature loans easy to get payday loans manufactured home loans same day payday loans quicken loans fast cash loans motorcycle loans bad credit payday loans high risk personal loans stafford loans consolidate student loans chase student loans payday loans or cash advances home improvement loans bad credit installment loans instant payday loans high risk loans home settlement loans school loans instant loans used auto loans hard money loans personal loans with bad credit loans cash unsecured bad credit loans poor credit personal loans personal loans bad credit quick cash loans

Duration : 0:5:26

Read the rest of this entry »

Technorati Tags: bad, cheap, check, college, commercial, credit, Debt, fax, faxless, for, Home, Loans, no, payday, people, personal, Quick, signature, unsecured, VA, with

Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate.
http://www.mylendingplace.com

Duration : 0:8:59

Read the rest of this entry »

Technorati Tags: 15, 30, austin, Equity, Home, Loan, Mortgage, no, PMI, rate, rates, Texas, year

First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com

Part 4 (Excerpt)

80% of homes can be purchased with FHA Financing

You also talked about this graph you put together, it talks about the month of November was a 25% increase over the previous year. Obviously prices have gone down and it looks like it then has gone back up, and so once we finish selling off this inventory there is a good chance that were going to be finding or hitting the bottom.

I think just in that region of $150,000 to $200,000 region that prices have really stabilized at this point, they may go down a little bit more, but I think for the most part, because that is where the financing is right now, with the FHA and the conforming loan limits, anybody in that price range can still get a loan. If youre looking to buy something over $400,000 youre going to have a lot more trouble just because the financing is not available.

Well the financing is a lot more difficult over the $417.000 loan amount number. Luckily Velocity Financial still has some of the interim small jumbo financing available, still with decent rates and the larger jumbos there is still financing available but nothing like this median home price of $275,000 and below. Well and I think what that goes back to, specifically with the FHAs, because, what percentage of the closing costs can be contributed by a seller on an FHA loan? Its pretty high right?

FHA financing, the Federal Housing Administration has had a standing rule for quite some time that the seller can contribute up to 6% of the sales price towards the closing costs. Realistically on a $250,000 purchase price youre not going to need 6% towards closing costs, so you would want to use that money to lower the price or buy down the interest rate, or any number of different things. So in a situation like that you could have the seller come in, pay all of your closing costs for you, you can keep that money in the bank, you could use it to fix up the house, you can do whatever, and all you would be responsible for is a small down payment.

Thats correct, 3% of the sale price down, you can have the seller pay the property taxes up to a year in advance, the home owners insurance, the home owners association fees, they are called prepaid or escrows. They can pay all of that. What is the loan limit right now for FHA? Currently the FHA loan limit is $346,250, its kind of an odd number, that does go away at the end of this month, December. However if youre lucky enough to have a home picked out in that price range, you want to try to get it done by the end of the year, so long as were able to get it underwritten in house, our firm will still be able to close on that with a higher loan limit after the first of the year.

The new limits probably going to be your next question, so as of January 1 in Maricopa County its $271,000. Even at 271, with the scenario I was talking about before, in Maricopa County, 70-80% of the home sales still would have fit within that 271 limit. Yes, one thing that I do want to point out is that when the Housing and Recovery Act of 2008 expires that huge loan limit of 346 expires, that was the deal, they are going to try to get it extended but we cant plan on that necessarily, but only 10% of the properties in Maricopa County fit into that 271 to 346 range.

Now I know the answer to this but you dont happen to be qualified to do FHA loans are you? Yes Velocity Financial is FHA approved, were one of less than 15% of the lending institutions in Arizona that can do FHA financing, not only for purchases but for refinancing as well. Which I think is some of the stuff we want to talk about as well because some of the old rules for refinancing simply dont apply anymore.

Brett did you have anything to add? Yes, two things stood out to me in that discussion and one of the things was the bigger picture concept in my mind thats the way it works. Its how I am wired, I start with that then I narrow my way down to the specific scenario given a clients circumstance.

What that big picture represented to me and one of the things that you pointed out with your charting Dan and the work that you have done, is the year over year home sales is shrinking the inventory that exists in Maricopa County, and when that inventory shrinks, we all know that new homes and building had pretty much dried up, so allowing that inventory to shrink is a very positive thing in terms of stabilizing, or placing a bottom, or putting the housing market back on a path of growth long-term, and so that was one of the things that stood out to me.

Duration : 0:6:32

Read the rest of this entry »

Technorati Tags: adjustable, administration, ARM, Attorney, Avoid, bank, Bankruptcy, Buyer, Closing, Corporation, Cost, credit, Discount, Down, Estate, expert, fannie, Fed, Federal, FHA, First, fixed, FNMA, foreclosure, Fraud, freddie, Funds, Future, Home, Housing, income, Insolvency, interest, lender, Loan, loss, mac, mae, Marketing, Median, mitigation, mod, Modification, Mortgage, Negotiate, no, owned, payment, price, program, Purchase, rate, Real, Realtor, Refinance, rent, REO, Repo, Resolution, RTC, S&L, sale, Savings, Scam, Seller, Servicer, short, TARP, tax, time, Trust

http://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? Thats right; you can become a bank for a friend or family member.

Duration : 0:2:41

Read the rest of this entry »

Technorati Tags: 1st, 30, Affordable, ARM, assistance, bad, bailout, banking, banks, borrowers, broker, Buyer, carryback, conventional, credit, crisis, custodian, Down, economy, escrow, Estate, family, fannie, feel, FHA, finance, Financing, fixed, foreclosure, freddie, Good, Home, Housing, informal, interest, Investing, investment, Lending, Loan, Loans, low, middleman, money, Mortgage, no, non, note, officer, payment, peer, personal, promissory, rate, rates, Real, relationship, Residential, secure, securing, Seller, social, Terms, time, To, usda, VA, years

Have you ever wanted to buy a fixer upper home and finance the fix up costs? That is what this loan program does. Did I mention that you take the purchase price + fix up costs and put just 3.5% down payment on the total cost?….. uh YEAH!

This is an FHA loan expert talking to a 203k construction expert and answering the basic questions on this great loan program.

Duration : 0:8:42

Read the rest of this entry »

Technorati Tags: 203k, buy, Down, easy, FHA, fixer, Home, kitchen, low, money, no, rehabilitation, remodel, REO, upper

* Learn how to make ONE EASY PHONE CALL to cut your credit card payments in half.
* How self-employed individuals can remove their entrepreneurial risk, and easily remedy the credit discrimination they have to deal with.
* Plus, I’ll show you self-employed people how to lower your taxes (You may want to fire your accountant after hearing about this one.)
* How to secure a checking account in only 2 days, regardless of how your ChexSystems report looks.
* If you’re worried about IDENTITY THEFT – I’ll give you three special phone numbers to call where you’ll get FREE identity theft protection. (You’ll save about $150 a year with a 2 minute phone call.)
* Discover the very first steps you must take to protect yourself when you discover you are a victim of identity theft or Frozen Credit.
* Plus, get a Simple Form that identity theft and fraud victims must complete to ELIMINATE their credit hassles in less than 30 days. (It’s a simple, government sponsored form that takes about 11 minutes to complete.)
* How to use Small Claims Courts to help you remove bad credit items – Plus, the ENTIRE TRUTH behind the reports being used.
* What you MUST KNOW before you sign up for any FREE CREDIT REPORT service.
* You’ll get real-world credit report samples that show common credit reporting mistakes. (You can use these to your advantage to be prepared before speaking with Credit Bureaus!)
* How to STOP your foreclosure dead in its tracks and a way to recover your home (after foreclosure) and take advantage of some special consumer protection laws.
* Discover the FACTS about Government Money. What ads to look for and what you must know BEFORE claiming your rightful share.
* Get another three CREDIT SCORING SYSTEMS You can easily end up with 6 credit scores.
* See how people with BAD CREDIT can buy the car of their dreams! (Regardless of their financial situation.)
* A full-proof way to get collection agencies out of your life. (A strategy so unique and effective that you’ll be amazed why no one has thought of it before.)
* How to use the Fair Credit Reporting Act to your advantage, keeping Credit Bureaus in line.
to learn more about this life changing offer, please visit our website at PrivateFastLoans.com

loans personal loans payday loans student loans bad credit loans home loans auto loans car loans home equity loans unsecured loans fast loans countrywide home loans bad credit personal loans pay day loans cash loans small business loans fha loans mortgage loans online loans business loans debt consolidation loans private student loans direct loans loans for bad credit bad credit car loans students loans unsecured personal loans online payday loans secured loans bank loans consolidation loans no credit check loans loans for people with bad credit college loans faxless payday loans va home loans bad credit personal signature loans quick loans bad credit home loans no fax payday loans commercial loans cheap loans unsecured debt consolidation loans bad credit student loans personal loans for bad credit used car loans fha home loans bad credit auto loans loans investment mobile home loans consolidating student loans government loans compare personal loans federal student loans personal loans for people with bad credit military loans equity loans loans with bad credit car title loans countrywide loans real estate loans sallie mae student loans construction loans loans online cash advance loans title loans poor credit loans short term loans va loans astrive student loans sba loans installment loans signature loans easy to get payday loans manufactured home loans same day payday loans quicken loans fast cash loans motorcycle loans bad credit payday loans high risk personal loans stafford loans consolidate student loans chase student loans payday loans or cash advances home improvement loans bad credit installment loans instant payday loans high risk loans home settlement loans school loans instant loans used auto loans hard money loans personal loans with bad credit loans cash unsecured bad credit loans poor credit personal loans personal loans bad credit quick cash loans

Duration : 0:5:57

Read the rest of this entry »

Technorati Tags: bad, cheap, check, college, commercial, credit, Debt, fax, faxless, for, Home, Loans, no, payday, people, personal, Quick, signature, unsecured, VA, with

First Time Home Buyer Mortgage Program with $8000 Tax Credit, Low Down Payment and Fixed Interest Rates on Government FHA Loans. Financing Assistance at Cheap Rates. Go To http://RealEstateMarketingThisWeek.com

Part 3 (Excerpt)

$8,000 tax credit the government is paying you to buy a home with a very low down payment

We have back in the studio today Mr. Dan Havey. Dan and I have worked together in the mortgage industry for about 14 years and we are happy to have him back. He has seen a lot of changes in the market and thanks again for being here.

Michael, here is a question I wanted to ask you, there is so much misconception in the marketplace today as far as what is still available for financing. I think a lot of people have this idea that it is impossible to finance a loan or get a mortgage or that you have to be able to put 20% down or have a 720 FICO score. Can you let people know whats really going on out there?

Well you know a lot of things have gone away. There are a lot of those old loan programs that were fancy ways to sell money and finance real property and a lot of thats gone. The reality of it is, if a person has a minimal amount of money down, there is absolutely financing through the Federal Housing Administration with 3.5% down. You can buy up to about $358,000 with only 3.5% down. Now with Fannie Mae and Freddie Mac, we actually do have a few investors that will allow us to only put 5% down with those and that loan amount maximum is $417,000. So there is still plenty of financing for primary residences.

Now in regard to looking at investment properties believe it or not there are actually still some stated income loans out there, but the stated income loan is for a non owner occupied property, the interest rates are very high and you know what, if you can put 20 to 25% down and prove your income you are better off using conventional financing, it is absolutely still available.

Now if you are a first time home buyer living in an apartment and you are getting kind of tired of it, you are looking at low interest rates, you are looking at the property values have come down over 50%, FHA is generally going to be the direction that person is going to want to go, right?

Absolutely and you know Dan with the $8000 first time home buyer tax credit you know that is a check that the government sends you for up to 10% of the sales price of the home up to $80,000. Its capped at 10%, you are not going to get more than $8,000 back and you may get less if you buy for less than $80,000, but whats really interesting about this is you can, if you have already filed your 2008 tax return, you can file a 1040X and get that credit sooner. You dont have to wait until April 15th of 2010 to get your tax credit. You put the money down today, close on the mortgage, move in, file your 1040x, there is a form that is called the 5405 but thats not all that important, and you can have that money back in your pocket right away.

So I know that was part of the plan that came out today and just to make it a little bit clearer for peoplelets just take an example. Lets say you buy yourself a $150,000 house and you buy it as an FHA, it doesnt really matter how much money down or how you buy the house but if you buy a $150,000 house, you are going to get an automatic $8,000 tax credit that you can take off of the taxes that you owe the government. So lets take an example where you are a W-2d employee and you pretty much break even at the end of the year, you dont owe the government any money and they dont owe you any money the government will actually write you a check for $8,000 for that tax credit and if you buy it this year you can amend your tax return for 2008 and get a check from the government for $8,000.

And thats not including the other tax write offs that you get for writing off the taxes on the house writing off the interest on the house, so again with a $150,000 house with 6% interest roughly you are going to be looking at another $10,000 worth of write offs on top of that. Now that is a write off not a tax credit, like the other one so you are going to save whatever your tax rate is. So lets say your tax rate is 30%, that is another $3,000 in taxes saved. So if you buy a house this year you are going to put an extra $11,000 in your pocket.

So if you buy a $150,000 house and you have to put 3.5% down, Thats what? Lets just say roughly $5,000, you just made $6,000 and you get to own a house. ($11,000 tax savings minus $5,000 down payment) And your mortgage payment is more than likely less than or equal to what you are paying for rent and you own it.

Exactly and you get the benefits of having your own house…

Duration : 0:6:14

Read the rest of this entry »

Technorati Tags: 1st, 8000, advice, assistance, bank, bill, breaks, buy, Buyer, credit, Debt, deduction, Down, downpayment, Estate, Federal, FHA, finance, financial, First, fixed, foreclosure, Government, grant, guide, guidelines, help, Home, homebuyer, house, Housing, incentives, income, information, interest, lease, lend, Lending, limits, Loan, low, Modification, Mortgage, new, no, owner, package, payment, plan, price, program, property, Purchase, qualifications, rate, Real, rebate, Refinance, rent, requirements, sale, short, stimulus, tax, time, tips