My Home Loan With Jay

"It is inexcusable and irresponsible to get bogged down in distraction and delay while millions of Americans are being put out of work; It is time for Congress to act. It is time to pass an Economic Recovery and Reinvestment Plan to get our economy moving again...” President Barack Obama in a spe...

The FHA 203(k) program is the loan program to assist you with repairing/ rehabilitating your primary residence. In other posts we’ve discussed improvements that are required, eligible improvements and improvements that are ineligible for the loan program.   By now you have selected your property....

It is Super Bowl Sunday, one of my all time event days during the year. The Super Bowl games hold many memories for me.   Games I watched with my dad, my son, friends and parties I’ve been to. I’ve decided to recap a game a decade and a short memory of the game. Well except for the 60’s where I w...

I’ve been on Facebook about three months, which is more or less how long I’ve been here on ActiveRain. I’m finding, not surprisingly, people view their Facebook experience differently.   It will be fascinating to see how we, as individuals, manage this merging of the personal and business on this...

I’ve been spending a little time, this morning, reviewing email I receive from Boone Pickens group and Barack Obama.   Bear in mind, I am a lifelong Republican, yet it intrigues me that I am receiving weekly emails from Obama’s operation. I have never had this happen from candidates that I actual...

The last couple of posts regarding the FHA 203(k) program have dealt with what are the required improvements and the eligible improvements. Today we are going to review ineligible improvements under the 203(k) program.   While you are putting together repair/rehabilitation estimates it will be go...

It doesn’t snow often in Eastern North Carolina. Today is one of those exceptional days. . I can’t remember exactly when it last snowed, but it seems at couple of winters ago.   When it snows here, it becomes almost like a holiday. We are not really adept in navigating around. So we tend to just ...

Since December 2008 the Federal Reserve and the Treasury Department have been purchasing Mortgage Backed Securities on the secondary market. This has served to push mortgage interest rates down to historically low levels.   Why have they been doing this? What I’m about to say is strictly my musin...

  This week we want to outline the types of repair/rehabilitation improvements that are eligible under the FHA 203(k) program.   Last week we discussed the types of improvements that are required under the program. For information concerning this, click here, for a review.   Let’s begin! First le...

  Most of you are aware that we are in the midst of a refinance boom. The basic mortgage interest rate has been below 5% for about a month now. Interest rates will vary for each client depending on a variety of factors.   This week, the week of January 12-19, 2009, I characterize as the week of t...