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.


Refinance Mortgage Rates Are Low!

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.

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.
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
Some New Loans to 4.5%




Jumbo mortgages became more expensive and harder to come by as the nation's credit crisis deepened. That might be starting to change.
Commercial real estate prices continued falling


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.

Links

Please visit these links to become more aware of the current mortgage process:

www./ml-implode.com
www.thetruthaboutmortgage.com

Mortgage Programs

Experienced Loan Officers in Florida

At Abacus Commercial Lending, and as licensed mortgage professionals, we are continually aware of daily changes in programs, guidelines and mortgage rates. It can be difficult for a client to decipher through the myriad of mortgage programs that are available.

In fact, there are so many options available, it is difficult for us to list them all on our website.

When you call for your consultation, you may already know what type of loan you need, how to structure the debt and the real interest rate available for that program. We will then consult with you to make sure that you have selected the right mortgage program.

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 fixed rate or arm, investment property, FHA, VA, interim construction loan, refinance, home equity, land loan, balloon 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