Blog

Conventional 3% Down vs. FHA 3 1/2 Down

Which one should you choose? Fha is 3 1/2 down, allows up to 6% seller contribution for closing costs, it has a fee that goes to HUD of 1.75% up-front gets financed or added into the loan, and then it has a 0.85% of the loan amount mortgage insurance for the life of the loan that has to be paid monthly vs Conventional 3% down you cannot own any other homes on Fha you can providing you are buying up or have enought equity, or qualify now with this new mortgage payment and existing.  This will depend if you have enough equity in current home to make this happen. The conventional 3%...

November 30th, 2015 Conventional 3% Down vs. FHA 3 1/2 Down

You Can Have That Home If You Desire

You Can Have That Home If You Desire! We can do magic, you can have that house if you desire, you know that you are the one that can put out that fire, you know darn well, when you cast your spell you will get your way, when you realize that is not so hard, you can turn that credit all around - When you believe it you can have that house if you desire! Helping you attain that Home is my business, if you have had a shortsale, forclosure, deed in lieu, purchase with hard money lender, self employed and show very little income, credit issues, even if you have $20,000 in medical collections ...

November 21st, 2015 You Can Have That Home If You Desire

To Buy or Not To Buy A Home!

To Buy or Not to Buy a Home - is the question of 2015! Once again, the year has passed and you are still renting, why?  Interest rates have never been this low and for this long, why are you still procrasinating?  What keeps you from building your dream? This is not just a dream of owning a home, it's the American way, and also the beggining of your financial planning!  Yes really, the markets go up and down, prices and values go up and down.  Historically, look at home prices 20 years ago, the prices were much lower than they are today.  You...

November 20th, 2015 To Buy or Not To Buy A Home!

Reverse Mortgage Pros and Cons

Reverse Mortgage What exactly is it? Money that you take out from the equity of your home. You have worked hard, paid off your mortgage or a good portion of it and now you have some equity. A reverse mortgage is like a line of credit but the good news is you don't have to pay it back.  You can pull out a portion of the equity enjoy life a little, you can stay in your home until forever without paying it off.  At a later time if you need to take more money out and the value of your home has increased you can do another reverse mortgage.  What about your heirs, once y...

November 17th, 2015 Reverse Mortgage Pros and Cons

Reverse Mortgage Pros and Cons

Reverse Mortgage What exactly is it? Money that you take out from the equity of your home. You have worked hard, paid off your mortgage or a good portion of it and now you have some equity. A reverse mortgage is like a line of credit but the good news is you don't have to pay it back.  You can pull out a portion of the equity enjoy life a little, you can stay in your home until forever without paying it off.  At a later time if you need to take more money out and the value of your home has increased you can do another reverse mortgage.  What about your heirs, once y...

November 17th, 2015 Reverse Mortgage Pros and Cons