Mortgage Update

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Mortgage and Lending - LX Financial LLC
Mortgage Update - Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.
RECENT BLOG POSTS
Buy, hold, sell?Decisions, decisions. I am well-positioned (but not a market guru), and asked all time. Below are my views. (Personally I am a buyer). - Paul Sell? - If you are looking to upgrade, or if you have to. You can for sure afford to sell low, if you buy your upgrade low also. Do it now....
02/19/2011
30-yr skirting 5%. ARMs are well priced.The 30-yr fixed crossed the 5% mark this week, and the trend is not reversing for now. ARMs are relatively better priced. Check the rates. /// Why do we use seller concessions again? (See below)  /// 85%LTV helocs and seconds are available again! - PaulSell...
02/11/2011
Listing of current Fix-Flip Investments. Invest with the developer and get a generous profit share. Program details: www.lxfinancial.com Developers seeking partnership financing can get a scenario quote at www.fixflipnow.com      
02/11/2011
Buy right, invest, get even (or better) with the market!I don't mean to go on and on here, but fix-flip business is brisk -  it is good business - and I want you in. And I think you want your buyers/investors in also. It's good business, and the time is now! - Paul REOs and short sales are tough ...
02/06/2011
Good news, and good news! The Prospect Mortgage FHA 580-639 Fico program is out. (Highlights below). This should increase the number of prospective buyers by about 15%.Second, HUD has lifted the 90-day flip restriction for the re-sale of (flipped) property until the end of the year. (There are st...
02/01/2011
Automatic credit monitoring during the loan process is now in effect! This is a potential minefield: No applications, new, or more credit during the loan process! See below. /// Overall market activity may be low, but fix and flips are popular. Go here to price a scenario. If you want to consider...
01/23/2011
You are not going to like this! Fannie Mae Loan Level Price Adjustments (LLPAs) are going up effective April 1st, 2011, drastically increasing loan pricing. See below. /// There is another Fannie initiative that can increase the cost of borrowing. Borrower credit will can be re-examined prior to ...
01/16/2011
Happy New Year, and best wishes to all for 2011!  I see opportunities on the investment front: the economics of rental and fix-flip properties make a lot of sense. I have both loans, and investors for this. /// Home buyers, often driven by market stats, will probably not be in a hurry, but maybe ...
01/01/2011
Financing for (fix-) flip projects on a partnership basis available. Up to 100% of cost.Investor profit share: 10-40%, depending on project details. 1-4 units, only. Go here for a quote request for your scenario: www.lxfinancial.com.  
12/26/2010
December 23, 2010                                          Not legible? Read as web page  ARMs are well-priced at the moment...relative to fixed rate loans, and as long as the Fed keeps supporting short-term rates, should be considered under the right circumstances. See below... /// Rates keep tr...
12/24/2010
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Paul Luykx

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Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.