Archive for : September, 2014
Small Business Administration Disaster Home Loans
The Small Business Administration makes the majority of its loans to homeowners and renters.
Using your VA Home Loan Benefit: Working with a Realtor and Lender
Real estate professionals help Servicemembers, Veterans and their families find suitable housing. They can help find local lenders who provide VA loans and advise prospective homeowners about obtaining a VA Home Loan based on their professional experience. Learn more: http://www.benefits.va.gov/HOMELOANS/realtors.asp
USDA Home Loans – Free Eligibility Check – 100% Financing & No Down Payment
http://www.mortgageworkbench.com/ Get a no money down home loan financing with no mortgage insurance and Great Rates. You must be purchasing in a USDA qualified area and not exceed the income limits for the area. Many people have no idea that an area is eligible and they would qualify for one of the best mortgage program currently available. For more information or to see if you would be eligible for the no money down USDA rural housing loan program please click the following link: http://www.mortgageworkbench.com/usda/eilgibility.htm
Nova Home Loans
Tucson Association of REALTORS® 2014 Affiliate Silver Sponsor
bancapital home loans
Tucson Association of REALTORS® 2014 Affiliate Copper Sponsor
Home Loans For Self Employed – Finally Some Common Sense!
Limetree Lending, Inc.
Denver: 303.325.3578 x1
Fort Collins: 970.818.7700 x1
Colorado & NMLS Licensee: LMB100010141, 278104
Limetree Lending, Inc. 1083581
Regulated by the Colorado Division of Real Estate
Government Insured Home Loans | FHA Loan Lock
Government Insured Home Loans and FHA Loan Lock http://moneysource1.com/Government-Insured-Home-Loans.htm Government loans are those that the government of a country provides to the citizens of that country in order to fulfill there needs and for their uplfitment or betterment. This helps in reducing the wide gap between the rich and the poor and streamlines the economy of the country. Government loans almost are for all sorts of purposes like education loan, loan for purchasing a house- home loan, loan for setting a business- SBA- Small Business Loan, purchasing a car, heavy machine etc.
Government loans are broadly divided into two categories- VA and FHA. The former i.e. VA loans are quite beneficial for they require no down payment and mortgage insurance. They are under the sponsorship of the Veterans Administration from where the name is derived. These loans are provided at fixed rates which are not subject to modification. VA loans are meant only for qualified veterans and not to the rest of the public. FHA loans can be given to any qualified person who wants it. They need a little extensive paper work and are most often opted by those who seek to purchase multi family properties since they have a seemingly low down payment.
If we do a comparative analysis of the loans provided by the private companies and banks and those provided by the government, the latter outweighs the former in many respects. The sole motive behind a private bank or company’s lending money to people is to earn profits or to accumulate more wealth. But the government works for the noble cause of benefit of its citizens. It does not seek to fulfill any private purpose but the whole idea is to strengthen the country’s economy.
It is not that the government unlike any other private company giving loan has no criteria or a set of parameters to adjudicate who all are eligible for the loan they apply for. But this criterion is often a mild one. Government at times gives loan to even those who do not have the potential to repay it. Not just this but in case of any natural calamity or disaster if those who have taken the loan become inefficient to pay it back, the government simply excuses the loan amount.
As compared to the private banks and companies the rate of interest at which the government loans are offered are significantly low. Moreover the government can provide large amount of loan for a considerable period of time. This enables one to have relatively small monthly installments and more security. Private companies in order to make large profits usually charge high rates of interests from their customers. They lure the customers by promising of instant delivery of loan amount at their doorstep and with least documentation. The government loans generally require more documents but that should not undermine their benefits. While going for any government loan the best one can do to avoid running around is to opt for a well qualified agent. These agents do all the official work (like collecting documents, checking and submitting them) by going from one office to another. The finest part is that they are not too expensive and provide you with sufficient knowledge, guidance and service at your ease. http://moneysource1.com/Government-Insured-Home-Loans.htm
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NAB Home Loans
When you’ve heard all the talk, talk to NAB.
We’ll spare you the half-baked theories and show you ten great ways to make your home loan work harder – whatever stage you’re in. To find our more go to http://www.nab.com.au/homeloans
Physician Home Loans
Today we spend time with Philippa Kennealy, founder of The Entrepreneurial MD. Dr. Kennealy is a former practicing family doctor and physician executive who now coaches physicians (and other professionals) to help them make the leap into becoming entrepreneurs. Philippa shares great information, including:
– How getting a handle on the inner game is crucial to your success and being able to begin fulfilling your vision
– What 3 common challenges physicians struggle with when attempting to make the leap into entrepreneurship and how to overcome them
– Why creating a communication and mediation agreement is essential before partnering with others
– Why she feels getting an MBA is not necessary for doctors who want to start their own business
Offering physician home loans in Utah, Arizona, Nevada, California, Idaho, Oregon, Washington, Colorado, Wyoming, Florida, Texas, South Dakota, North Dakota, New Mexico, Montana, Oklahoma and Arkansas
Contact us today! (801) 747-1210
Equal Housing Lender
Citywide Home Loans
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FHA Loan – Pros and Cons of FHA Loans
http://www.REIClub.com – Are FHA Loans Good for Home Buyers? Here Are The Pros and Cons To An FHA Loan.
Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got quick video on the pros and cons of Federal Housing Administration (FHA) Loans.
What are FHA Loans?
The FHA doesn’t lend you the money, they guarantee the loan, so the lender doesn’t take on a financial risk by extending you credit. the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults — the FHA will pay.
The insurance removes or minimizes the default risk lenders face when buyers put down less than 20 percent. Without further approval from FHA, its approved lenders are authorized to:
Take loan applications
Process loan applications
Underwrite and close the loan
FHA Requirements: http://www.fha.com/fha_loan_requirements.cfm
– mortgage insurance – policy that protects lenders against losses resulted from defaults on home mortgages
– fha loan limits – variety of housing types, state and county in which the property is located.
– loan checklist – information needed by your loan officer
– closing costs – only some closing costs are covered, rest to seller
– fha dept ratios
– fha credit issues – no credit, bankruptcy, foreclosure
Pros to FHA Loans
– low down payments – 0-3% down payment
– low interest rates
– better chance for loan approval
– credit score is not highly weighted – but credit is needed
– flexible repayment terms – multiple options
– work with you – during hard times
– lower monthly mortgages
– Bankruptcy/Foreclosure – after 2 years you can re-qualify with FHA
Cons to FHA Loans
– not for everybody
– low limits – may not cover total cost of home
– strict mortgage insurance policy – premiums – 1% upfront, .85-.9% annually – 5 years
– need established credit
– limited options – long-term home ownership
Despite some of the drawbacks of FHA loans, FHA home loans serve perfectly the needs of some clients. So, you should educate yourself about both their cons and pros and check whether you are one of those clients.
If I by chance you are interested in pursuing FHA loans, be sure to go to a lender that is “direct endorsed” with FHA and only deal with people who have been doing this for a few years.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.