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Mortgage and Lending - Annie Mac Home Mortgage - NMLS ID 19375
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. $8,000 First-time Home Buyer Tax Cred...
FHA Streamline Refinancing FHA Financing has become more popular again due to the tightening of lending standards, & the evaporation of the subprime lending market.  One of the benefits of obtaining an FHA loan is the ability to reduce your interest rate at a later date at relatively low cost, i...
APPLYING FOR A MORTGAGE?  HERE'S WHAT NOT TO DO So, you've decided to buy a home, congratulations! Whether you are putting a lot down or a little, or whether you are going to use an FHA or VA loan, or seek conventional financing, there are a few items you may want to take note of & try to avoid d...
Short Sales- What a Buyer needs to know If you're thinking about purchasing a home, you may be seeing a lot of listings with the notation " short sale".  There are many bargains to be had in the current market. Before you make an offer, it pays to know a little about the seller's situation. If yo...
Help buyers understand what their lender needs I really enjoy working with first time buyers.  By & large, they are the ones who tend to appreciate the help & guidance we give them, & let's face it, it feels good to help someone purchase their first home.  I find the majority of our first time b...
Now more than ever, rates are not "one size fits all".  FICO score, debt to income ratio, & Loan to Value % - as well as property type ( SFR vs CONDO / 2- Unit / INVESTMENT )are crucial in determining what a borrower will qualify for.  Did you know that in 2008, Fannie & Freddie imposed extra fee...

Jeff Coon

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