RECENT BLOG POSTS
I do not understand how REO agents and lenders can FORCE a prospective buyer to get pre-qualified for a mortgage with their selected lender. This practice drives me crazy. I recently had a buyer call me after the deal feel apart with the selected lender. He went through the loan process and was g...
10/02/2009
 I recently completed a refinance of a shopping center. The program is stated income with a  Debt service coverage ratio of 1.25. The loan program is seven years at 6% amortized over 25 years. I have stated income stated asset commercial loans available! : DSCR = Annual Net Income + Amortization/...
10/01/2009
I have another program available for foreign nationals. This product is 30% down payment. Available only on the west Coast of  Florida.  ( Tampa to Marco Island) Rates are around 6% but subject to change according to the risk factors.  
09/30/2009
Full Doc Only / Loans Available throughout Florida • 25 year term 3 Month LIBOR based +2.5 No Pre Pay Penalty   Current Rates are 3.49% to 4.25% • Purchase, Rate and Term and Cash Out • Second Home or Investment Only • Minimum Loan Amount $150K • Max Loan Amount $10 Million dollars • 50% LTV • Ma...
09/30/2009
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National Mortgage Rate Average for a 30 Year Fixed is 5.08% with .50% loan origination Core Rates: 30 Year Fixed 4.5% with .5% Loan Origination 30 Year Fixed 4.625% with NO Loan orgination 15 Year Fixed 4.25% with .90% Loan Origination 15 year Fixed 4.5% with NO Loan Origination  I would LOCK you...
09/30/2009
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The $8,000 tax credit ends on November 30, 2009. I would strongly recommend finding a property NOW ! The maximum tax credit is $8,000 for either a single taxpayer or a married couple filing jointly. It is 10% of the purchase price. So in order to get the maximum credit, the purchase price must be...
09/30/2009
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The nation’s banks are still in a terrible financial meltdown. Despite the government TARP bailouts we still have lost eight-four banks this year and counting.I would guess we will lose another 100 banks compared to twenty-five last year. The main reason is increased unemployment and folks cannot...
09/30/2009
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LOAN DOCUMENTS REQUIRED TO COMPLETE LOAN TRANSACTION ____ Original bank statements for the last 2 months. One quarter statement for IRA's stocks etc ____ Earnest Money Contract + cancelled check for deposit for purchases ____ Mortgage statement on the mortgage that we will payoff (if refinance) _...
09/30/2009
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We are VA loan experts in Tampa, Florida. Why clients choose CORE Mortgage Financial over local banks.   Better rates We control the entire loan process More lender selection Wide variety of niche programs First class service We don't get paid unless the deal closes ( IE more reason to work hard ...
09/30/2009
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National Mortgage Rate Average for a 30 Year Fixed is 5.09% with .60% loan origination Core Rates: 30 Year Fixed 4.625% with .5% Loan Origination 30 Year Fixed 4.75% with NO Loan orgination 15 Year Fixed 4.25% with .80% Loan Origination 15 year Fixed 4.5% with NO Loan Origination   Market Update:...
09/29/2009
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