FHA Monthly Mortgage Insurance to Increase and How to Save Your Clients’ Money in Their Monthly Payment On Monday, February 14, 2011, HUD announced the premium change for mortgage insurance on all FHA cases for those case numbers issued on or after April 18, 2011. Currently, the monthly mortgage insurance on an FHA loan is [...]
Archive for the ‘Mortgages’ Category
Mortgage Changes Coming Up…………….
Posted: February 17, 2011 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: FHA, Fha Mortgage, mortgage
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Every Other Tuesday Update – November 9, 2010
Posted: November 9, 2010 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: Destin, Florida, Ft. Walton Beach, mortgage, USDA, USDA Loan, USDA Rural Housing
Sue Botelho | 850-362-6901 | sbotelho@waterstonemortgage.com | www.sue-botelho.com NMLS #26520 Waterstone Mortgage Corp. (NMLS #186434) is a wholly-owned subsidiary of WaterStone Bank SSB (NASDAQ: WSBF) Florida Office of Financial Regulations Licensee Exempt Employment Picture Helps Housing MarketHousing and employment levels are directly linked, so it is great news that our nation’s [...]
Every Other Tuesday Update – 10/12/10
Posted: October 12, 2010 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: Destin, Fannie Mae, FHA, Florida, Florida Mortgage, Florida real estate, Ft. Walton Beach, USDA Rural Housing, USDA Rural Mortgage
Fannie Mae Rolling Out New Lending Rules Effective December 13, 2010, FNMA is changing its mortgage lending guidelines. For some applicants, this will simplify the loan approval process; for others, it will toughen the process. How it affects a client depends on their credit profile and loan characteristics. When the new rules roll out, accepting [...]
USDA Funding Still Not Available – But We Are Still Able to Close and Fund USDA Rural Housing Mortgages!!!
Posted: August 22, 2010 in FL, Ft. Walton Beach, Mortgages, UncategorizedTags: Destin, Rural Housing, Rural Housing Loan, Rural Loan, Rural Mortgage, USDA, USDA Mortgage, USDA Rural Housing, USDA Rural Loan, USDA Rural Mortgage, Walton County
The new bill allowing for the increased USDA guarantee fee has been passed by both Houses and signed by the President. We are being told that new funding will begin in October and that many lenders will be starting to do USDA loans again in either October or November. If you are looking for 100% [...]
Northstar Mortgage is Changing to WATERSTONE MORTGAGE Corporation!
Posted: December 29, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa IslandTags: Destin, Ed Kelley, FL, Ft. Walton Beach, Mike Roche, mortgage, Northstar Mortgage, Rural Housing Loan, Rural Loan, Sue Botelho, USDA, Waterstone Mortgage
As we have seen many legislative changes in the mortgage industry, and are certain that more will be coming, we at the Ft. Walton Beach office of Northstar Mortgage Group have decided that it would be in the best interest of our clients and referral partners (Realtors®) if we were to become employees of a [...]
What Makes a Loan Officer a Success?
Posted: July 11, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: 100% Financing, FL USDA Rural, USDA Loan, USDA Rural Housing Mortgage
I am being interviewed for a podcast that will be on iTunes this coming week and the subject is “What Makes a Loan Officer a Success”. Having pondered this, I have concluded that two traits are needed: knowledge and involvement. While trying not to appear demeaning, all of us can market, learn to market, or [...]
10 Real Estate Deal Killers
Posted: March 6, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: Buy Alabama Real Estate, Buy Florida Real Estate, Buy Real Estate, Condotel Financing, Credit Score, Fannie Mae, FHA, Finance Real Estate, Freddie Mac, mortgage, Rural Loan, USDA Rural Housing, VA
I attended a class the other day called “10 Things to Ask Your Buyers Before Taking Them House/Condo Hunting” and will be addressing those issues in an upcoming blog entry but wanted to put together a list of what can kill a deal for a buyer or a seller. Please feel free to share this [...]
The Stimulus Package
Posted: February 14, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: Destin, First Time Homebuyer, FL, Ft. Walton Beach, Okaloosa County, Rual Home, Rural Development, Rural Mortgage, Stimulus Package, Tax Credit, USDA, USDA Mortgage, USDA Rural Housing
Today may be the day that the American Recovery and Reinvestment Act of 2009 (aka the Stimulus Package) is passed; the Senate is voting on it right now. It is anticipated that it will be on President Obama’s desk to sign into law this weekend. While we don’t have all of the information about this [...]
Fannie Mae LOOSENED a Guideline – A Step in the Right Direction!
Posted: February 10, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: 2nd Home, Buy Real Estate, Fannie Mae, FHLMC, FNMA, Freddie Mac, Guidelines, HUD, Investment Property, mortgage, Number of Financed Properties, Second Home
Over the last 18 months, since August, 2007, mortgage guidelines have been tightening due to the conditions of the industry. It seemed that every day since then we have gotten updates from Fannie Mae, HUD, Freddie Mac and our individual investors that made mortgage lending a little tougher, albeit still possible and not as hard [...]
USDA Doesn’t Lend Money – So How Can They Be Out???
Posted: January 25, 2009 in FL, Ft. Walton Beach, Mortgages, Okaloosa Island, Sell Real EstateTags: 100% Financing, 100% Loan, Buy Real Estate, Finance Closing Costs, No Money Down, Rural Housing Mortgage, Rural Loan, USDA, USDA Rural Housing, USDA Rural Housing Mortgage
It is amazing to me to see how many phone calls we are getting from around the country asking how we can still do USDA Rural Housing loans since they are “out of money”! It is a misconception that the USDA lends money – they don’t! Their role in the USDA Rural Housing Loan is [...]
