Abacus Commercial Lending
Mortgage News
Get Into A Home Of Your Own
Even if you have limited savings, our low-down-payment programs can help you become a homeowner.
Even if you have limited savings, our low-down-payment programs can help you become a homeowner.
Read more Refinance Mortgage Rates Are Low!
Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.
Quick! While mortgage rates are low. NOW is the time to look into refinancing your home.
FASB Ruling Hits the Mark
- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.
- Bonnie Raitt. Better believe that last week's news gave us plenty to talk about.and even a few things to smile about. Here are the highlights.
The Truth About Mortgage
- Obama Urges Americans to Refinance Mortgages
- Mortgage Rates Rise Off Record Lows
- Wells Fargo Mortgage Business Drives First Quarter Earnings Record
- Bank of America Refinancing Under Making Home Affordable Program
2009 FHA Temporary Loan Limits -Provided by the American Recovery and Reinvestment Act
On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009 - into law.
Obama's Refinancing Plan Could Repair an Ailing Market IMPORTANT COMMERCIAL LOAN UPDATE!
- EFFECTIVE MARCH 1, 2009.
On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
- EFFECTIVE MARCH 1, 2009.
On February 6th, 2009 FNMA announced their plan to allow up to 10 financed properties per borrower again.
Dec. 31 (Bloomberg) -- U.S. mortgage rates dropped. -- U.S. mortgage rates dropped to the lowest in more than three decades as the government stepped up efforts to revive the housing market.
Treasury to Reduce Interest Rates on Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
Reverse Mortgages
Home Financing Information
Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.
Home Financing Information
Reverse Mortgage is a unique loan that enables senior homeowners to convert part of the equity in their homes into income without having to sell the home, give up title, or take on new monthly payments.
Links
Please visit these links to become more aware of the current mortgage process:
www./ml-implode.com
www.thetruthaboutmortgage.com
Please visit these links to become more aware of the current mortgage process:
www./ml-implode.com
www.thetruthaboutmortgage.com
FHA Loans
FHA Loans
FHA allows:
For no or low credit scores, down to 620 (coming soon, FHA direct with scores to 580!) 96.5 % financing allows first time or seasoned home owners to purchase homes that they would not qualify under the new stringent conventional guidelines.
More flexible and liberal underwriting guidelines still allow borrowers to obtain the American dream of owning a home.
With competitive rates and only 3% down, FHA is a great option.
2009 FHA Temporary Loan Limits
Provided by the American Recovery and Reinvestment Act
On Feb. 17, 2009, the President signed a new stimulus bill - called the American Recovery and Reinvestment Act of 2009
- into law.
The table below explains three major impacts of the Act and the actions to provide the
Act's benefits to clients and customers.
For detailed information please contact Tony at: 239-313-5815
Impacts of the American Recovery
and Reinvestment Act
and Reinvestment Act
Actions
FHA loans will temporarily revert to the
higher of loan amounts allowed in 2008 with the Economic Stimulus Act or HERA 2009 permanent loan limits
Effective March 4, 2009, the FHA loan limit
increases are available.
This article explains the details of the 2009 FHA temporary loan limits.
FHA Streamlines are not allowed under the High Balance FHA Loan Program at this time.
This article explains the details of the 2009 FHA temporary loan limits.
FHA Streamlines are not allowed under the High Balance FHA Loan Program at this time.
Conventional loans will temporarily
revert to the loan amounts allowed in
2008 with the Economic Stimulus Act or
HERA 2009 permanent loan limits
Closely working with Fannie Mae and Freddie Mac
to provide the 2009 temporary loan limit increases as soon as possible.
Watch for additional information in the future.
Watch for additional information in the future.
HECM (reverse mortgages) will allow an increase in the current loan limits
Watch for additional information in the future.
VA loans are NOT impacted by the 2009 temporary loan limits announced by the American
Recovery and Reinvestment Act.
First Time Home Buyer Programs
We will walk you through the many different first time home buyer programs which are available to you. Whether you are looking for a zero down fixed rate or arm, investment property with five or ten percent down, FHA, VA, interim construction loan, refinance, home equity, land loan, balloon, payment option arm or any other program you have heard of or read about, give us a call and we will explain the mortgage program to you and if you desire, approve your loan over the phone.
Don't hesitate to call us. We look forward to meeting you!
Sincerely,
Tony Willoughby
President
