Please visit; goflatfeerealty.com we are local RE Brokers and charge no listing commission. You can self list your property on our website. for No Charge! If you want us to post on the MLS we charge a small flat fee for that service... more
The market is really booming right now. It is still a buyers market, but you are seeing thigs sell alot more towards asking price. If I can help you look at comparables for a certain area, feel free to call.
Iâ€™ve been debating whether to write about the following examples for some time and recently shared my thoughts with a few of my real estate agent friends, FHA officials and 203K Consultant colleagues.I
Wow, how cool is this...all of the agents posted the right answer! LOL!!! There are no exceptions to this guideline...not for lender and not for loan product. One of the few "ABSOLUTE" rules of lending. Down payment must come from you and/or documented gift (depending upon loan product). Of course, VA and USDA will allow 100% financing.
Now, the good news is that you will have "instant equity" the minute you buy the house. Say you are buying a home for 100K and it appraises at 125K and you are doing an FHA loan. Your would need 3500 (3.5%) of the 100K purchase price and you would have both upfront and monthly mortgage insurance. However, the day after closing your home is really worth 125K. Most lenders would require six months payments (some 12); however, after the necessary evidence of your required payments, a lender could refinance you into a conforming 80% (or less) loan with no mortgage insurance.
The above scenario is a perfect example of a situation that I would recommend that the borrower take the HIGHEST possible interest rate on the FHA loan I know we want to refinance at the earliest possible moment. I would not want that borrower to put any more money into the initial financing that absolutely necessary (none would be preferable). Save the dollars for closing costs for the PERMANENT financing we plan to do in six or twelve months.... more
If youâ€™re thinking of working with the most popular rehab loan program on the market today, the FHA 203K Loan, keep in mind that the projectâ€™s repair items will be labeled under three types
Whatâ€™s the 203K and what makes it special? Most mortgage programs offered today provide permanent financing that will only allow you to borrow based on the purchase price or current value of the
As Nick mentioned, the 203(k) Rehab mortgage is the best thing since sliced bread when it comes to home improvements and rehabilitation. I'm a FHA 203(k) Consultant and can answer any question you might have about the program. Visit this short presentation and learn more about the step-by-step process to obtaining a 203(k) Rehab Loan.... more
The National Association of Homebuilders recently published a list of their most active Green Building Verifiers from across the country.Â Iâ€™m proud to say, we made the list! With 13 green home
One of the best programs available in today's market (with respect to home foreclosure and rehab) is the FHA 203(k) mortgage. I'm a home inspector, energy rater and 203(k) consultant in the Metro area since 1974.
Click our web reference below. I have frequently updated information on the 203(k) loan, how an energy audit can be purchased with the loan and how I can save you money by providing a thorough evaluation before you purchase.
See our full page ad today in the Clarion Ledger News about the 203(k) program. Look for the Energy Rated Homes of Mississippi banner. Call today - we can help you!
Vicki, if you can tolerate a furnished apartment in the metro area, that would be your best short-term arrangement. Either pick up a copy of the Apartment Guide or visit the link below. I'm not aware of any furnished corporate homes for rent. Best of luck!... more
There are more reasons to living in a energy
efficient environment than saving money. Unfortunately, weâ€™re mostly
motivated by the dollar. So, when we talk about going green it would be
Today I was treated to a superb lunch at the Parker House RestaurantÂ in Olde Towne Ridgeland. The Parker House has an interesting history that you can read about on their website, but suffice