Janet Lyness's (janetlyness) Blog

Here is the low down on the new tax rebates the house is due to vote on today. For the $8000 tax rebate-You must have a signed purchase agreement by April 30, 2010 and close by June 30, 2010. If you have a buyer who has a current contract and you had told them because of the Nov 30, 2009 deadline...

Here is the low down on the new tax rebates the house is due to vote on today. For the $8000 tax rebate-You must have a signed purchase agreement by April 30, 2010 and close by June 30, 2010. If you have a buyer who has a current contract by you had told them because of the Nov 30, 2009 deadline ...

A FHA loan from start to finish should take approximately thirty days. Is yours taking longer? FHA loans are one of the easiest loans to process if your mortgage broker is familiar with the process. The most common errors are submission errors and you can have a hand in avoiding them.  It is not ...

I read an article this morning that made me wonder how many borrowers have no idea how to mange their FICO score. It also made me wonder how many Realtors, Brokers, etc give out bad information. Below is some information for your borrowers when it comes to managing their credit scores. Hopefully ...

Being in love with the USDA rural program drives me to educate others about it. The program is designed to allow buyers up to 102% financing which is based on the appraised value of the home. This is an advantage for the seller because he/she may opt to not help with sellers concessions. A buyer ...

The program has been around since 1993 but has been gaining popularity in the last few years. Many borrowers are surprised when they find "rural" doesn't mean 30 miles from the nearest grocery store. I check all addresses and make sure any client I am working with is aware of their choices in fin...

So...you are thinking of buying a home. How do you know if you will qualify for a loan? What are lenders looking at when they approve or deny our loan? What can you do to better your chances of getting a loan? If you are like most first time home buyers or it has been a few years since you owned ...

The American Recovery and Reinvestment Act of 2009 is certainly a step up from the credit of up to $7500.00 in 2008. What are the differences? How will it affect your buyer? For starters the 2009 tax credit will not have to be repaid, it's like free money! The credit will be taken off of either t...

Where to begin? I will make this brief and bullet point everything. These changes went forward as of 1/1/2009 unless a case number had been assigned to the loan already. Down payment is 3.5% of sales price or appraised value (whichever is less) now and gift funds are still allowable. Sellers conc...