90 Day FHA Flip Rule has been waived for 1 year!
FHA 90 Day Flip Rule Is Waived for 1 Year
HUD has ruled on waiving the 90 day seasoning financing contingency for buyers. What does this mean?
Effective February 1st 2010, FHA/ HUD will not require that a seller of a property be on title for 90 days or more in order to sell the property to a borrower acquiring FHA financing. This is an incredible opportunity for the majority of buyers & sellers...
Mortgage Closing Costs and Fees
Overview
You’ve probably heard of closing costs. Any time you get a mortgage there are closing costs and fees associated with that mortgage. Here we’ll help you understand each one so that you can come prepared to the closing table.
Points are a good way to reduce your interest rate and the amount you pay for them is usually tax-deductible.*
Rates can go up one day and down the next. Whether...
Home Loans for First Time Home Buyers
Overview
There are three basic types of mortgages: fixed rate, adjustable rate and interest-only. Each loan has advantages and disadvantages to it – make sure you choose the right one for your particular situation. Be sure to talk to an experienced home loan expert to fully understand all your options.
Now that you’ve found a home, you need to find a way to finance it. But how do you know...
Forget Pre-Qualified; Get Pre-Approved Before You Shop
Overview
What’s the difference between a pre-approval and a pre-qualification? Should you care? Yes!
Confused about what getting pre-qualified or pre-approved means? You’re not the only one. There’s a big difference between a mortgage pre-qualification, a pre-approval and an actual mortgage approval.
Getting Pre-Qualified for a Mortgage
Getting pre-qualified for a mortgage helps...
$8,000 First-time Homebuyer Credit: 6 Insider Tips
Overview
UPDATE: FEDERAL HOUSING TAX CREDIT
Everyone’s talking about the $8,000 home loan tax credit for first-time home buyers that’s part of the new $787 Billion Stimulus Plan. The intention of the credit is to encourage home sales to help stabilize housing prices, minimize foreclosures and help the economy. This is great news for the personal economies of first-time buyers! Check out these...
With 11 years in the lending industry, Ted is proficient in structuring the client’s loan to ensure that the client obtains the best financing. He has become a recognized leader in real estate education and hosts real estate seminars for his clients and the business communities in the Southwest. His attention to the details and in-depth knowledge of the loan process ensures that you are getting the best service possible.
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