Joe Racamato's (jracamato) Blog

Mortgage and Lending - Silex Financial Group, Inc.
Effective June 1, 2010 Fannie Mae's new Loan Quality Initiative(LQI) mandates that lenders tighten up their underwriting in an effort to cut down on fraud.  As a result lenders may pull a last minute credit report on borrowers just days before their scheduled closing! The last-minute credit repor...
We have found that over the last year a huge percentage of potential homebuyers have been unable to secure financing due to their credit and by helping them repair their credit we can create more business for our realtor partners!  The simple fact is that almost 80% of consumer credit reports hav...
For many years the FHA has offered a construction loan that allows a homebuyer to purchase and rehab a home all in one loan. It's called the FHA 203K loan and this year with a record number of foreclosures expected, it's back in the spotlight. Most Bank Owned Properties are sold in "as-is" condit...
Silex Financial helps people who are interested in buying, building or renovating a home to green codes and standards. Through the myEnergyLoan program, we can help you with your "green" financing needs. Whether you are interested in a green home new construction, remodel, improvement or just a g...


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