If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing [...]

• 4 Comments

Stated income loans have been a touchy subject for many regulators trying to blame some one for the mortgage meltdown. Some individuals go as far a calling these loans “liar loans” because in a number of instance the income was inflated. Right or wrong there is a need for stated income loan. [...]

• 2 Comments

Negotiating the terms of your loan can be as important as negotiating the sales price of your new investment property. Interest rates and closing cost a huge part of cash flow and return on investment, with the proper due diligent and negotiations, investors can be rewarded on every real estate transaction.
What can actually be [...]

• 6 Comments

What is the process for Hard Money Loans?
Hard Money Loans provide Investors access to capital to purchase investment properties. They can fund quickly, typically within 72 hours of receiving the final docs from the Title Company. Hard Money is available for adequately collateralized loans on single-family residential houses and other Real Property including commercial projects. [...]

• 13 Comments

Fannie Mae & Freddie Mac Mortgages
Nearly every Bank, Credit Union, Mortgage Banker and Mortgage Broker can offer the loan products backed by the federal charted companies Fannie Mae and Freddie Mac. Investors that have good credit, can document income and are ready to put money down can acquire a loan from either Freddie [...]

• 5 Comments

While the Fed Funds Rate reduction does not directly affect mortgage rates it does have an impact on the interest rates investors utilize. When we read in the paper about how the Fed has slashed interest rates, the rate that has been cut is the lending rate between banks and other depository institutions. As the [...]

• 5 Comments

In a recent post on our forums, one of our members noted that she was hoping for a major drop in interest rates from the Federal Reserve. Richard Warren, one of our resident bloggers and real estate geniuses had a great bit of insight on the situation that I thought merited sharing:
Don’t be so [...]

• 3 Comments