Oditza's Blog

Desirable immaculate Ellington 2228 sqft End Unit on a cul-de-sac in popular Montgomery Greene offers a convenient location. Only minutes from shopping, entertainment and highways, this property features a 2 Story Hardwood Foyer, Separate Living room, Dining Room, Family Room and Breakfast Area. ...

Finding the Right Mortgage LoanIn addition to a mortgage payment, homebuyers should be ready to accept the long-term financial responsibility of owning a home.  This involves insurance expenses, taxes, home repair and maintenance, and other expenses - expected and unexpected - related to establis...

There’s still time Left to get your borrowers under contract for the $8000 tax credit!!! DON’T Waste A Single Day Waiting For Your OTHER Lenders to Work on Your Files. I’m almost certain you can’t get an appraisal in less than10-14 days from application when you work with other lenders. With FHA ...

It’s day three, post Fed Mortgage-backed securities buying, and current mortgage rates are leaning toward going up yet again. MBS prices, which drive mortgage rates in the opposite direction are down -10/32 this morning. The decline in MBS prices, which will likely result in another hike in mortg...

Good News for First Time Home Buyers - Tax Credit If you are a first time home buyer, you are eligible for a tax credit of up to $8,000. Unlike earlier tax credits for home buyers, this tax credit does not need to be repaid. In order to capitalize on the tax credit, you must own the home for 3 ye...

Dear Professional college, Effective March 25th, Chase Rural Housing will require a copy of the Lender’s executed Guaranteed Loan Closing Report (RD Form 1980-19), and a copy of the guarantee fee check made payable to USDA Rural Development, as conditions of our purchase. Loans Approved by USDA ...

As a result of the recent flooding and severe storms, effective immediately, American Home Bank shall require a re-inspection of properties located in a FEMA “Declared Disaster Area”. The requirement stipulates that the original appraiser or a licensed inspector do the re-inspection on all proper...

The USDA Section 502 Guaranteed Rural Housing (GRH) program has experienced unprecedented demand over the last several years.  Based on concern for available funds, USDA Rural Development has announced that funding for the USDA GRH Program will likely be exhausted by the end of April 2010. Please...

Jumbo Mortgage A Jumbo Mortgage is a loan amount that is above conventional conforming loan limits. It exceeds the limit and guidelines that Fannie Mae and Freddie Mac require for loans they are willing to purchase. Jumbo mortgages are used for buyers who are looking at higher priced homes and tr...

Home buyers today face lending conditions that have changed drastically over the last calendar year. The combination of tumbling home prices, stiff credit standards and hesitant lenders have combined to make what was once a routine transaction - obtaining a mortgage to purchase a house - into an ...