Tag Archives: Difficult to Get a Mortgage

A Working Government Program for Home Owners

Over the last couple of years, the government has made many attempts at trying to help home owners keep there homes. Many of these attempts have been disappointments at best or all out failures at their worst. There are a couple of programs though that are working to help home owners lower their mortgage payments, [...]

Post Tagged with Applying for a mortgage, Beating the System, Difficult to Get a Mortgage, Federal Reserve Board, Getting a Mortgage, HERA, Home Economic Recovery Act, Less Interest, Mortgage Industry, New Mortgage, Stimulus Package, The Kunselman Team, Tighter Guidelines, Tips to getting a good mortgage

March 3, 2010
/ Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
/ Posted By Mortgage Master Luke
/ 9 Comments.

Looking Back at 2009

The $8000 first time home buyer tax credit that didn’t have to be paid back is introduced. Foreclosures declined but short sales were on the rise. Stated income loans went away, making it difficult for self-employed income borrowers to get a new mortgage. New mortgage guidelines tightened up. Large investors (unless they are cash buyers) [...]

January 21, 2010
/ Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
/ Posted By Mortgage Master Luke
/ No Comments.

Looking Forward to 2010

Good Faith Estimate (GFE) 2010 is introduced January 1, 2010. Six items now required before the loan originator can provide you with a GFE: Name, Property address, Estimated Property Value, Loan Amount, Income, and Social Security Number (Credit Report). Fees locked for 10 business days from issuance of GFE. Designed to protect the consumer from [...]

Post Tagged with 1st Time Home Buyer, 1st Time Home Buyer Tax Credit, 6500 Credit, 8000 credit, Applying for a mortgage, Difficult to Get a Mortgage, Federal Reserve Board, GFE, Good Faith Estimate, HVCC, RESPA, The Kunselman Team, Yield Spread Premium, YSP

/ Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
/ Posted By Mortgage Master Luke
/ No Comments.

Don’t Wait Too Long, FHA Rules are Changing

For those of you who have tried to get a mortgage done recently, you have probably realized that option are getting smaller and smaller. If you have a high loan to value (You owe almost as much as your home is worth) you may be limited to an FHA loan. This is a mortgage that [...]

Post Tagged with Difficult to Get a Mortgage, FHA, FHA Rules Changing, The Kunselman Team, Tighter Guidelines

September 29, 2009
/ Category Mortgage Industry, News, Real Estate Industry
/ Posted By The Kunselman Team
/ 2 Comments.

Fewer Rules, More Common Sense

The HVCC as mentioned above is just another example of good intentions gone bad. One of the biggest problems facing our country right now is the flood of new laws being put into place. Because of the state of the economy and incorrect opinions about what got us to this place, many politicians are creating [...]

September 24, 2009
/ Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge
/ Posted By The Kunselman Team
/ 1 Comment.

Tag Archives: Difficult to Get a Mortgage

A Working Government Program for Home Owners

Looking Back at 2009

Looking Forward to 2010

Don’t Wait Too Long, FHA Rules are Changing

Fewer Rules, More Common Sense

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