July 2012
Lenders and Mortgage Insurance companies continue to open up their parameters and this has now trickled down to investment property purchase transactions! Typically most lenders require a 25% down payment for a purchase of an investment property, but we now have a 15% down payment option for your clients. This is huge because with the [...]
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Interest rates have touched all times lows again. If you plan on staying in your current home for at least 4-5 years, you may fall into one these categories below: 1 – You are NOT HARP eligible. You may be one of the people that do not have a Fannie Mae or Freddie Mac backed [...]
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Our business mix has been dominated by purchase transaction recently and we have witnessed some properties that have interesting quirks. For example, one home had a view out the front yard of a cement factory. Underwriters have been digging in on issues like this and requiring additional comments from the appraiser to insure themselves from [...]
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