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
FNMA Foreclosed Properties - HomePath Mortgage
Specifically for Borrowers Purchasing
a Fannie Mae-Owned Property!
FEATURES AND BENEFITS
- No appraisal required.
- Low credit score requirements.
- Available to both owner-occupiers (primary and second homes) and investors.
- Up to 6% interested party contribution.
- No mortgage insurance required.**
- Maximum LTV of up to 97%.
- EA I, II and III accepted.
- Up to 10 financed properties
FLEXIBLE TERMS
- 10-, 15-, 20-, 25- and 30-year fixed rate.
- 3/1 and 5/1 Libor ARMs.
- Interest-only options available.
ELIGIBLE PROPERTY TYPES*
- 1- to 4-unit properties.
- Condominiums.
- Planned unit developments (PUDs).
- Modular homes.
- Manufactured homes
(double-wide only).
*All properties must be designated by Fannie Mae on the www.homepath.com Web site as eligible for HomePath fi nancing. HomePath is a registered trademark of Fannie Mae. Geographic, unit and other restrictions may apply. **Ask about cost details on loans without mortgage insurance. All borrowers are subject to credit approval. Programs subject to change. The information provided in this fl yer is for dissemination to and for the use of real estate and fi nancial business entities only and is not an advertisement for the extension of credit to consumers. 0209
