LenderBradford's Blog

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Mortgage and Lending - NMLS142066/250013
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
RECENT BLOG POSTS
I believe this article will give some background and insite to what people are calling the "Foreclosure Scandal/Fraud"  http://www.washingtonpost.com/wp-dyn/content/article/2010/09/22/AR2010092206650.html I ask people to Read the article and then offer their comments if what was being done by the...
10/09/2010
Use this post by to nominate your favorite active rain bloggers to be in the top 100 people on Inman's.    I did look at last years list and was supprised that none of the names I saw were from Active Rain.   Hopefully this year we activily participate in the voting.  Nominate Real Estate's Most ...
09/19/2010
Mortgage Rates        4.25% for loans without 2.5% assistance grant*       4.75% for loans with 2.5% assistance grant       4.00% for Ohio Heroes without 2.5% assistance grant*       4.50% for Ohio Heroes with 2.5% assistance grant       4.25% for Grant for Grads 2.5% assistance grant            ...
09/13/2010
Jeff's Post correct some miss information that is circulating about the proposed change in FHA's MIP Premiums.  Besides individualsconsidering a home purchase, current Ohio home owners considering refinancing using a FHA Loan or a FHA Streamline, the dates and the higher Monthly MIP should be co...
08/28/2010
This post was inspired by a buyer that I spoke with yesterday that was interested in purchasing a Rehabed home where the Rehabber was offering a $20,000 Grant for the purchase of the home.  The seller had the property listed at 127,000 and was offering the $20,000 in grant money that could be use...
08/11/2010
The following announcement was made today.   STATEMENT BY DEPUTY ASSISTANT SECRETARY VICKI BOTT Tuesday, August 10, 2010 "Last week, FHA Commissioner David H. Stevens announced plans for implementing FHA's new mortgage insurance premium structure. As we work to publish a Mortgagee Letter, it is ...
08/10/2010
Dear Home Owners,  Today I spoke with a buyer that owned more on their home and the current value of the home.  Because of this, they thought they were unable to refinance and take advantage of today's Low, Low Rates.  I was able to: Offer to pay any  Lender and Title Company Charges Allow them t...
08/10/2010
FHA has announced that After Sept 6, 2010 they will be changing the way FHA's MIP (Mortgage Insurance Premium) will be collected.     Presently, FHA collects 2.25% of the Loan Amount upfront and can be financed, After that a monthly premium of .50% or .55% (Based upon the LTV) is collected on a m...
08/10/2010
I believe this is a link to the bill that will bring back USDA Loans.  http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HR04899:@@@X I am still looking for additional details. The NAR is reporting.  The program allows 30-year originations primarily for low-income families to purchase households or re...
08/03/2010
For consumers the shopping for the Better Loan is difficult when Lenders are quoting Different Rates.  The 2010 Good Faith Estimate was intended to assist borrowers Shopping for the best Mortgage, however many lenders have chosen to develop their own "Initial Fees Worksheet" because the 2010 Good...
08/01/2010
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Tim Bradford

NMLS 250013
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Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.