Beginning Jan 2014> Ability-to-Repay Mandate > Decrease in FHA Loan Limit > Caps on Loan Origination Fee > Tighter Regulations for Self-EmployedWhen you're ready to shop for a new home in Aransas
The short answer is (3) years after the Trustee's Sale Date not the bankrucpty discharge date. Most lenders get that wrong. Unless your client is a Veteran, VA allows a borrower to purchase another home 24 months after the Trustee Sale.
For a more detailed answer, please read my blog at:
This should give you the answer you seek.
Best of Luck!... more
The key to using hard money is to buy right and fully utilize the funds both on the purchase and remodeling effort. We have helped our clients with hundreds of REOs and can introduce you to multiple HM lenders. Best Regards, KyleO - Owning Texas 512-947-5953... more
Now you are talking my language,,,,
Professional investors usually have a cap rate of 6. That means when they get a 6, they buy. If they get an 8 they dance for joy.
Anything over this amount is traditionally viewed as a speculative investment and risks usually are proporational.... more
There are a lot of talking about the government being out of money but the truth be known, there is money to help you get into a home. I have recently taken a class that cleared up some of the myths.
After January 14, 2014 it may be more difficult to get a home loan. Check out this article. If you need assistance in buying a home please contact me.512 firstname.lastname@example.org://
1) Stay Ahead of the Game:Be ready for some changes this coming spring, especially if you had a strong year financially. Though most changes will have less effect on low to middle income Americans, expect
So you want to buy a home but... you don't have enough money saved for a down payment. You're not alone. According to Tulia’s American Dream Survey, down payment remains one of the largest obstacles
How to Select the Right Home Loan Most people while buying a home choose to finance their purchase by a loan. These loans known as home loans are very common and are increasingly being used by a large
We offer the 5-Star Texas Advantage Program. The program, which is available for purchases and rate/term refinances, allows access to a 3% grant on FHA, VA, and USDA loans, reducing a borrower's down payment
Applications to purchase homes perked up over the last week following the end of the government shutdown and debt ceiling showdown, according to data released this morning by the Mortgage Bankers Association.
The terms "pre-qualification" and "pre-approval" are often used interchangeably. Ultimately, being pre-approved for a home loan is the way to go, but first let's take a look at pre-qualification. Here