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Friday, March 4, 2011

Choosing the right Realtor: How can you be sure?

Wrong House in the right neighborhood? FHA 203k Loans Part 2

Click on the link below for an excellent video about how great the FHA 203k loan is if you would like to buy a home needing repairs.  Call me and I can go over the program in detail.

I have a support team who does 203k loans ALL DAY LONG! 

My processing, underwriting, and closing team are experts at what they do.  THIS is the formula and secret to having a GREAT 203k loan experience!  

Marty Qualls, your 203k loan expert!

Wednesday, March 2, 2011

203k Loan

203k Home Improvement Loan
The FHA 203k home improvement loan could be the best value for the first time home buyer or the repeat home buyer of today’s market.  Call me with your questions!

Monday, February 28, 2011

Points or no Points? Worksheet included!

Points or No Points?

WHEN IT COMES to mortgage points, it pays to keep score. Be warned, though: It can get tricky. The term points has multiple meanings in the mortgage world.

Mortgage points can refer to loan origination fees (fees charged by the underwriter) or discount points (also known as loan discounts). The worksheet below focuses on discount points, which represent 1% of the total loan amount. By paying a discount point, you can lower your interest rate. Consider it prepaid interest.
In general, you can knock off about 1/4 to 1/8 of a percent off your interest rate for each point you pay
says Keith Gumbinger, vice president of mortgage information provider HSH Associates.

Make a reverse mortgage a smart move, not a financial disaster

5 costly reverse mortgage mistakes

Taking on a reverse mortgage can be a smart move or a financial disaster, depending on the type of loan and your circumstances. Avoid these mistakes to make a reverse mortgage a smart move. Here are 5 mistakes to avoid when contemplating a reverse mortgage.

FAQ's Homeowners have at tax time:

10 critical questions for homeowners at tax time

Albert Einstein once said, "The hardest thing in the world to understand is the income tax." If you buy, sell, finance or own real estate, it gets even worse. Before you belly up to the nearest bar or start pulling your hair out, check out this list of FAQs for tax-paying, home-owning citizens.

Yep, property and taxes go together like blood and leeches. Yet there is no reason to pay more than the minimum. Here are some commonly asked questions about taxes and homeownership.

Knowing the answers will help keep your tax bill as low as possible.

Here are the 10 Frequently Asked Questions homeowners have at tax time: