All Posts in Mortgage News

How Does a HUD 203k Inspection Differ from a Standard Home Inspection?

June 13, 2012

This is a guest post from Steven Laszlo (S0640), FHA 203k consultant and a trained home inspector in California. I asked Steven if we could put this on our site because this question comes up all the time from homebuyers, Realtors and even other loan officers when I train them. Its an important subject that […]

The FHA 203K Mortgage Process

May 14, 2012

 The FHA 203k is a great loan for someone making a purchase or refinancing, and these steps will provide you with a road-map to understanding the process. 1)    The Buyer works with a realtor to find the right property for them, or the owner is ready for a renovation on their existing property. 2)    Get […]

KEY PRODUCT FEATURES OF THE FHA 203(K) Loan

May 7, 2012

Many are surprised to find out that you can use a FHA 203k loan to refinance or purchase a property and roll in the cost of rehabilitation and renovation. This is one of the great ideas behind the FHA 203k loan. Frequently, I receive calls from customers stating they don’t have enough equity in their […]

Eligible Improvements Using the FHA 203K Loan

April 26, 2012

Lately I’ve been asked, “What are some allowable improvements when we use the FHA 203k rehab mortgage”? I’d like to give you some basic information that you can use to help understand how the FHA 203k renovation mortgage works and what is eligible. These are prime times for the FHA 203k program more than ever. […]

What repairs are eligible to be completed with a FHA 203K Loan?

June 20, 2011

If you are either looking to purchase a home or possible rehab your existing home, it is important to know the repairs you can do with an FHA 203k loan. It is not breaking news to hear that the market is flooded with homes that need work. The difficulty that potential home buyers are having […]

How will being pre-qualified help my home search?

June 18, 2011

Today, most consumers start their home search online. It is important to know the advantages of being a pre-qualified buyer. There are several reasons that this will help you. First and foremost that this is free service that will help you find out the max range of homes you can look at but it also […]

Home Improvements BEFORE You Sell?

June 16, 2011

By getting a good understanding of what potential buyers are looking for before you list your home, you will have an advantage over other listings. Lets face the facts; today’s home buyers are LESS WILLING to COMPROMISE! Seller’s Temptation: To clean up the yard, de-clutter the house, and put it up on the market without […]

What to consider before your next home improvement project

May 10, 2011

A major thing to consider these days before starting your next home improvement project is if the cost to do the work will be reflected in your home’s value. This is even a more important if you think you may be listing your home for sale in the near future. Who is doing the actual […]

What to fix before listing your home

May 10, 2011

With housing prices down across the country, there are a lot of homeowners barely breaking even on their respective home sales. Some are even losing money. You may find yourself in that position, too; wanting to sell, but worried about bringing cash to your own closing. It creates an interesting dilemma. You want your home […]

“No closing costs loans” explained

May 9, 2011

  Did you know that one of the popular loans right now is the 30 year fixed “no closing costs loan“. Some lenders want you to think it’s a magic trick. Today I’m going to reveal to you how it’s done. Here’s how it works. The loans come at a slightly higher interest rate and […]

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