Tag Archives: interim fincnce

Who is a Likely Buyer for a ‘Bond for Deed’?


. . . an important question if you are the seller So many people with poor credit want to know if they can do a Bond for Deed. The short answer? NO ….at least not with my sellers. Although I am an advocate for … Continue reading

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Rent to Own, Lease Purchase, Owner Finance

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NO Money?  NO Credit?  . . . .NO Problem! Rent to Own . . . .                 Lease Purchase . . . .                                 Owner Finance . . . . First of all, if the first line sounds a bit dumb, … Continue reading

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Free Credit Scores

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… and Credit Reports Quite often people may know their credit isn’t ‘stellar’, but when thinking about buying a home, they would like to know ahead of time just how bad (or good) it is. . . and often to their surprise, they … Continue reading

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Buying a new Home? . . .Warning!!!

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NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading

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Principle, Interest, PMI, Escrow – What’s it all About?

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Principle and Interest The first item on your house note will be the  Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading

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Mortgage Choices: FHA 203k? …or HomePath Loan?

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In this market, agents are quite often asked which is better… An FHA 203k or a Fannie Mae Homepath loan? The following is a reprint from a blog by Justin McHood who works for Academy Mortgage and is based in … Continue reading

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Rehab a Home with HUD’s 203k Loan

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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading

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