Intercepted from inter-office emails: Great News, We are now offering Fannie’s new HomePath loan program! Let your clients know these improved loan terms to generate new business. Essentially, the program has the clients using Fannie loans to buy foreclosed properties owned by Fannie, therefore Fannie gives improved loan terms to the buyer. PROGRAM HIGHLIGHTS: -97% … Continue reading Here We Go Again With The Lending
*-at some banks
We get a lot of questions about FHA loans these days, particularly if we know what buildings will qualify for FHA loans in San Francisco. There is a simple answer to that question, “No, we don’t know.” But other people do, and those people are loan experts…mortgage bankers/brokers… and luckily they feed us information to … Continue reading FHA Checklist For Spot Loan Approvals
Where readers ask, and we (the community) try to answer: I appreciate all the general information I get from this terrific blog. This is my first question about my own situation. I’ve been negotiating with the major bank (WellsFargo) that holds my first ($498K) and second ($14K) for a refinance from a 5.5% ARM to … Continue reading Ask Us: Refinancing And Appraisals, When The Banks Aren’t Helpful Turn To The Blogs!
As our regular readers know, we get every type of question under the sun, most of which we post directly to the site and let the community answer. Sometimes answers aren’t so cut and dry and there are certainly differing opinions. One very common question these days is “How much money do I need to … Continue reading So How Much Does A Buyer REALLY Need To Put Down
Where the readers ask and we (the community) try to answer: Hi, just come across your site, very informative. I’m trying to find TIC Fractional Lenders for a 3 unit + 1 unwarranted [unit] building in SF. We purchased it last October, have completed our renovations, 2 units will be owner occupied. We’re planning to … Continue reading Ask Us: Remaining TIC Fractional Lenders