31Aug/090

FHA Home Loans and Town Homes

All homes are not alike but most home buyers need a home loan to purchase the home unless they are successful enough to have the cash!

Many towns and cities today have true “town homes” where the building is mixed use. This particular home in downtown Smyrna, Georgia even has a little tomato garden on the upper deck and a shop on the ground floor. FHA home loans (HUD mortgages) has the solution for these properties up to the county limit. So what’s available outside of the county limit?

The answer really depends on the zoning for the property and what is available by lender in the local area. Currently FHA will approve loans up to 96.5% of the sales price with the loan amount not exceeding the county limit for the county where the property is located. To know for sure if an FHA home loan can be used on your property be sure to contact your FHA home loan expert before making an offer on the property.

Since each property may have a different type of business located on the first floor there “can” be issues affecting the type of loan you get and whether or not an FHA home loan is available on that particular property. Again, always contact your local FHA home loan expert to get the best answers for your individual needs.

27Aug/090

FHA and VA Rates Down at Month's End

With FHA and VA mortgage interest rates down here at the end of August it really could be one of the best times to refinance or buy in modern American history. There is still an abundance of available homes to be purchased and the First Time Home Buyer’s Tax Credit ends in just a little over 3 months.

I encourage all first time buyers to be very active about finding a new home and getting approved for the loan now because November will be too late. Seriously, if you think you can wait until November to find a home you will be sadly mistaken and, in Georgia at least, miss out on a possible $9,800 tax credit including both the Federal and State home buyer’s tax credit.

Tagged as: fha, first time home buyer, interest rates, va No Comments

24Aug/090

Warning: Another Credit Rip-off Scam

Preying upon people who are job searching is just as bad as preying on people who are sick or hungry. I know my normal posts are related directly to the mortgage industry and this one is loosely related in the fact that it is a credit scam. Unfortunately somebody out there who has been applying for jobs online will fall for this scam from these evil people. Make sure everyone you know is aware of this scam and this type of scam even if you couldn’t believe in a million years they would fall for something like this.

If they have been applying for jobs online or have their resume online they may fall for this trick out of desparation. Feel free to repost this entire article with a link back on your website or anywhere else it can be posted:

from	Selina <firework68828@gmail.com>
reply-to		firework68828@gmail.com
to		me
date		Mon, Aug 24, 2009 at 11:38 AM
subject		Notice: Resume Considered For Possible Employment
mailed-by		ey-out-1920.google.com
signed-by		gmail.com

Hello. Good Day.

We came upon a copy of your resume on the Internet. Our corporation oversees various job opportunities in your field. We are fully interested in appointing a qualified person such as yourself for a variety of jobs we offer. The task is pretty easy. You will be in charge of planning meetings and from ?time to time, running company errands. When running errands you will be assigned a company credit card.

Due to damaging events with this in the past, before we can send you an company card application, we require you to get a credit check. We prefer you utilize – http://ID0824CREDIT02.webs.com/Credit-Quiz-27.html – to acquire this data. When you provide your info they will send you your credit check. ?When you send thru email your credit score, we can continue the employment process.

We have part and full time positions available. Send me your schedule and how many hours per week you plan on working. ?Thank you for your attention!

Sincerely,

Jeremy Young
Director of Operations:Human Resources

e-mail message trace ID: qzeddkw-1517664485-uda5ornhn

Tagged as: credit scams, fraud, ripoffs No Comments

20Aug/090

Home Loan Mortgage Rates Lowest Since May

Georgia FHA Mortgage Rates

We constantly keep our eyes on the rates wondering if and when they will move and which direction they will go. As a Georgia FHA home loan expert I am most interested in FHA but we offer VA, Fannie Mae and Freddie Mac loans as well. Of course any move higher invokes one response and any move lower another. It is amazing to me how a slight move higher gets people to call and a slight move lower gets people to hope the rate will go even lower.

Forbes is a great source for stories and news about mortgage interest rates and I can almost tell where my customers get their information when they get it from Forbes. Their article this morning titled “Mortgage Rates Lowest Since May” sparked a few emails and a couple of calls from people saying they saw rates had dropped to 4.57 – sure, on a 5 year adjustable!

It’s easy to skim articles and come up with a number like that so I don’t blame people for doing so. The reality is mortgage rates are lower today than they have been since May but chances of them going any lower or even hovering that low are very slim. Rates have been more volatile this year than they have in many years although the fluctuations, fortunately, have been small. My advice? If you are a first time home buyer and want to take advantage of the first time home buyer’s tax credit or even if you’re just looking to purchase or refinance an existing Georgia FHA home loan this is a great time to do so.

Call me directly at 678-946-0101

Tagged as: fha, georgia, home loans, interest, mortgages, rates No Comments

Live Desk

Daily Rates for Qualified Buyers

	Today	Last Week
30 Year Fixed	3.59%	3.65%
15 Year Fixed	2.91%	2.89%
5/1 ARM	2.81%	2.57%
See more mortgage rates at Zillow.com

(Note: These are the lowest rates possible offered through advertisers and lead buyers at the company providing the data. They may require discount points.)