Jayson Davis's (jaysondavis) Blog

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Mortgage and Lending - America One Mortgage and Realty
RECENT BLOG POSTS
THE ULTIMATE  SAVINGS ACCOUNT!      On almost a weekly basis, when I meet a new client, I'm seeing a common trend: Individuals and business owners, who keep their savings, reserve cash, and/or emergency  funds sitting in a (no good!) good old fashioned savings account.      Don't get me wrong, th...
12/12/2007
While the non-prime real estate market is in the dirt, high end U.S. home sales are doing well, according to an analyisis of nationwide home sales in July.The national trend has gone largely unnoticed because the federal government and the National Association of Realtors - the main sources of ho...
10/02/2007
Bank your money in your mortgage.With the Home Ownership Accelerator, you direct-deposit your entire paycheck into your mortgage, instead of your checking account. This immediately reduces your principal balance. Since interest is based on your daily balance, you start saving interest immediately...
10/02/2007
The report issued by National Association of Realtors on sales of existing homes, in the beginning of the previous week, a report on new house sales during the month of August was issued jointly by the US Department of Housing and Urban Development and US Census Bureau in the end of last week, wh...
10/02/2007
Should You Try to Sell By Owner?The truth is that only about ten percent of owners successfully sell their home on their own. That varies by region and the number goes up a tad for professional real estate investors because they are more familiar with real estate than your average homeowner.Those...
09/28/2007
Your First Step Toward Buying a HomeWhen preparing to buy a home, the first thing many homebuyers do is look at "homes for sale" ads in newspapers, magazines and listings on the internet. Some potential buyers read "how-to" articles like this one. The next thing you should do - before you call on...
09/28/2007
Have These Items Ready When You Apply For a LoanIncome Items W2 forms for the last two years Most recent pay stubs covering a 30 day period Federal tax returns (1040's) for the last two years, if: you are self-employed earn regular income from capital gains earn sizable interest income, etc. earn...
09/28/2007
Debt-to-Income Ratios (DTI)To determine your maximum mortgage amount, lenders use guidelines called debt-to-income ratios. This is simply the percentage of your monthly gross income (before taxes) that is used to pay your monthly debts. Because there are two calculations, there is a "front" ratio...
09/28/2007
Recently, more short sale properties have come on the market. A short sale is a situation where a property seller needs to sell and the sale proceeds are not sufficient to pay off the existing mortgage. It is an alternative to foreclosure. The term short sale or short pay refers to a process wher...
09/28/2007
The rental revenue is shared with the professional hotel management company. You pay no upfront fees for this management. Instead, the management company takes a portion of the rental income that is generated. Although the revenue splits between owner and management company do vary from project t...
09/28/2007
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