Author

Justin McHood

Apr 27, 2010Feb 17, 2024 Justin McHood

USDA Loans: More Funding On The Way?

Last week, the House Financial Services Committee voted unanimously to approve HR 5017 – the Rural Housing Preservation and Stabilization Act of 2010 which means that the next step is…

Politics & Policy 1 min read

Apr 20, 2010Feb 13, 2024 Justin McHood

Fannie Mae Reduces Waiting Period for Pre Foreclosure Events

Recently Fannie Mae has come out with guidance that makes the waiting period for people who agree to a deed-in-lieu of foreclosure from four years to two years before they…

News & Trends 2 min read

Apr 06, 2010Mar 16, 2021 Justin McHood

RE Bar Camp: A Great Way To Learn

REBar Camps are something that you can do in your local area to learn more about technology and real estate. If you don't have an REBarCamp coming up soon, then…

Politics & Policy 1 min read

Mar 30, 2010Feb 17, 2024 Justin McHood

HEFI (Home Equity Fractional Interest): A Solution To The Housing Crisis?

The HEFI program is a newly launched program that is designed to solve the negative equity problem as well as act as a replacement for HELOC or 2nd mortgages.

Politics & Policy 1 min read

Mar 23, 2010Feb 17, 2024 Justin McHood

FHA 90 Day Flip Rule: Flip Flop

The FHA 90 day flip rule is confusing. Be sure to ask multiple lenders about their 90 day flip rule policy rather than just listen to what one lender is…

Politics & Policy 2 min read

Mar 16, 2010Feb 17, 2024 Justin McHood

USDA Loans: No More Money in 2010?

Whether you are looking to buy a home or refinance one using a USDA loan, my best advice is to hurry if you can. The USDA loan program may be…

Seller Financing 1 min read

Mar 09, 2010Feb 13, 2024 Justin McHood

The Best Mortgage Program Ever?

Many people across the nation find themselves in a situation where they owe more than their home is worth and they are wondering what their best option is. Should they…

Creative Financing 1 min read

Mar 02, 2010Feb 15, 2024 Justin McHood

Jumbo Loans: A General Guide

The jumbo loan market is active to the point where it is possible to get a loan, but you may have to hunt around for a while.

Real Estate Trends 1 min read

Feb 23, 2010Feb 15, 2024 Justin McHood

Why Are There No More Stated Income Loans?

Why are there no more stated income loans? The IRS 4506T document is one of the biggest reasons. Now borrowers must give the lender permission to pull their tax returns.

Politics & Policy 2 min read

Feb 16, 2010Feb 15, 2024 Justin McHood

FHA Changes Make FHA Loans More Expensive

FHA loan program changes recently announced will make getting an FHA loan more expensive and changes will go into effect this spring and summer.