In November, 2009, the federal government extended and expanded the popular First-Time Homebuyer’s Credit. It lets you trim your tax bill by up to $8,000. Sign a contract to buy a home before April 30, 2010 and then close on it by June 30, 2010 and you can claim the credit on your 2009 or your 2010 tax return.
For more information, visit http://turbotax.intuit.com
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Information on the extended version of the home buyer tax credit.
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http://www.myfirsthomeltd.co.uk/buyers/1410.html
New Opportunities with Shared Ownership, To Own Your Own Home 2 bed flat at £63K Tower Mill Road , Peckham, South East London SE15 6BX Call 08718595561
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This is Thomas Feng with Bay Area Connect. This week I will be talking to Joe Lima of Princeton Capital about many of the new upcoming changes in the loan market and how they may affect you, the buyer. Another topic we will breifly cover is the new Dodd-Frank Act and how it will affect lenders.
As new information comes out on this relatively new act we will keep you guys updated and in the loop!
Upcoming Changes To The Loan/Mortgage Market In 2011 & The New Dodd-Frank Act
-0:17 What are the current rates on loans?
-1:30 How are Fannie Mae & Freddie Mac increasing the cost on their loans?
-2:59 How will FHA loans be changing and what can a first time buyer expect?
-3:58 What are the new loan limits for each tier of loan product?
-4:54 What is this new Dodd-Frank Act all about?
Have a question about real estate?? Leave it below and I will address it in one of my future videos!
Visit our Blog at http://BayAreaConnect.com to stay updated on how the Real Estate Market is changing in the Bay Area.
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http://www.northernrock.co.uk/Mortgages/Learn/First-Time-Buyer/Buyers-Guide A First Time Buyers Guide from Northern Rock.
We have pulled together a 10 step guide to buying your first home. We’ve laid out everything that you’ll need to do to make sure that your house purchase is as simple and straightforward as possible. Visit our website www.northernrock.co.uk for more information.
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http://www.notapennydown.com In this video Vancouver Mortgage Broker Mark Fidgett covers the various changes that were announced today by the CMHC regarding mortgage financing for business owners
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http://www.localbizblogs.com/van
http://www.loanusmoney.com
Call Today at (800) 905-9223
Loanusmoney.com is a mortgage company set on changing your view of the industry with our low rates, low fees and superior service. Our friendly staff will make you feel right at “home” during the whole process of obtaining a mortgage. We will walk you through buying that dream home or refinancing your current home step by step. The communication we provide is unbeatable and leaves you with that comfortable feeling that you are in the right hands. Loanusmoney.com offers Conventional, FHA, and VA loan financing so all your mortgage needs can be met without a doubt. You won’t regret calling Loanusmoney.com today for your absolutely free mortgage quote at (800) 905-9223 or stop by our convenient location at 5180 E 81st Ave, Merrillville, IN 46410 (on the north side of Route US 30). We also have First Time HomeBuyer seminars monthly. Loanusmoney.com works on a referral basis and we are confident that once you try us that you will refer all your family, friends and associates.
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(559) 960-5845 Homes and Loans Fresno CA First Time Home Buyer Pre-Qualifying Purchase Loans Refinancing Equity 2nds Hard Money Investment Property Real Estate Services Multiple Listing Service MLS Rapid Rescore Increase Credit Scores Conventional Jumbo Manufactured Lines Get Pre-Approved http://www.discountstoregenie.com/Homes_and_Loans.html Welcome to Windsor Capital Mortgage, your one stop source for real estate services and home loans. This branch has received numerous awards for excellence and for being a top producer. Because we are a licensed real estate broker, we have access to hundreds of banks and other mortgage lenders that can offer a higher loan to value than traditional banks, and still offer you a competitive interest rate. In addition, we will be happy to assist you in finding the right home for you and your family due to our membership with the Fresno Multiple Listing Service. If your credit needs improving, we will work with you on improving your credit scores to qualify you for the best rates available.
Serving the city’s of Fresno, Clovis, Madera, Sanger, Selma, Kingsburg, Reedley, and all other surrounding areas!
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http://realestatemarketingthisweek.com/real-estate/mortgage-backed-securities-collateralized-debt-obligations-and-tranches—oh-my/ – Mortgage Backed Securities, Collateralized Debt Obligations and Tranches – Oh My! –
Part 4 – Now, I put the colorful title on How to Screw the Bank that Screwed You for no other reason than to get people to click on it to get the information, because frankly, a lot of people were given really bad loans, were given really bad advice, and sometimes you have to fight back.
Here is one of the things and again Ill try to make this as uncomplicated as possible. Let’s say you bought the house and you got the loan through a mortgage broker. Well that mortgage broker didnt really give you the loan. They bought that loan from a wholesaler of mortgages. That wholesaler of mortgages, in turn bought that loan from one of those big huge Wall Street banks, most of which are out of business right now.
Important thing to point out if I may, Velocity Financial is a mortgage broker, we do get our money from several wholesale banks, I just wanted to point that out because we’re glad were a broker.
Just to continue the analogy. So the broker buys it from a wholesaler, who buys it from the Wall Street bank, and like I said, most of them are out of business now. And what the Wall Street bank did with thousands of these loans worth billions of dollars, they put them all together into what is known as mortgage backed securities. That is the stuff you hear like Fannie Mae is selling and there is an interest rate put on them, and what happened to these mortgage backed securities is they in-turn were bought up by other Wall Street banks, combined with other mortgage backed securities and they were called collateralized debt obligations.
Well then these brainiacs on Wall Street decided to chop these collateralized debt obligations up into what is referred to as tranches. So let’s say you had your best quality AAA borrowers in the top tranch . And obviously your ZZZ borrowers were in the bottom tranch. Each one of them was given a specific interest rate, each one of them was rated by a bond rating firm, and each one of them was given insurance.
Well, what happens is as these got split up and sold over time the notes on the mortgages go with the debt itself. So CDO over in Bangladesh owns your mortgage now, but here is the problem, they dont have the paperwork.
So the reason I went through this whole story is in case your bank comes to you and says were going to foreclose what you want to do is go and get yourself an attorney and you want this attorney to go to this bank and say we want you to prove to us that you have standing, that they have the legal right to come after you and foreclose on you. And here is the thing, if they dont have the paperwork, if they dont have the note on the property, they cant prove that they have standing. So whether its the wholesaler, who is foreclosing on you, whether its the servicer, whoever it is, chances are very good that they dont have this note.
So again, he got a little complicated. You want to go to the website http://mortgageanswerman.com and there are several articles there, and a lovely little chart that I drew up, except that it will be much nicer than this piece of paper, and I will have all the information there. I had a friend just recently who was in foreclosure and she made the phone call, and she said, you cannot foreclose on me without the original note. Now eventually it got foreclosed on, but it delayed it several months until they were able to find that note. Chances are they may never be able to find that note.
And in many states, including Florida and Ohio they are very successful at using this tactic to stop or completely do-away-with the foreclosure sale. We dont necessarily want to encourage people to go down this path, right? Were looking for a stall essentially?
Well, hopefully no one will ever have to get to that point. But if you believe that your servicer, your mortgage company is not being nice to you. Especially if you call them up and want to do a loan modification, and they are dragging their feet, filing foreclosure and coming after you, you have to protect yourself. And this is one of the ways you can protect yourself by hiring an attorney and suing them for lack of standing
That is one of the things that I want to talk about that Velocity Financial is involved with a national network of attorneys who do this sort of work. Velocity Financial does not charge an upfront fee for these types of loan modifications, we do hire an attorney and they work with the national network of attorneys to work on your behalf. They do charge a retainer, of course, if they are going to fight for you they need to be paid, however, there are no upfront fees… http://realestatemarketingthisweek.com
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Easy Mortgage Answers Ep 3 First Time Buyer