Core Mortgage Financial's (core1020) Blog

RATE TRENDS ARE GOING UP TODAY ! CORE MORTGAGE FINANCIAL  JULY 15, 2009 The bond market is currently down 16/32, this usaually pushes rates up today. Inflation HURTS the value of a bond's future fixed interest payments, in turn investors do not find these as attractive. Usually if bond prices fal...

  I finally have some good news to report on HVCC appraisal transfer   As a result of the Freddie Mac / Fannie Mae Home Valuation Code of Conduct Policy (HVCC) must ensure certain procedures are followed when transferring appraisals from lender to lender.    Appraisal being transferred from lende...

I FOUND A MORTGAGE  EXPERT IN THE REHAB LOAN BUSINESS. HER NAME IS LISBEL CALL HER AT 239-287-3691. STOP losing sales over the condition of the property.   FHA 203K Rehab Loans are 96.5% LTV Based on both the purchase price PLUS the cost of rehab added together. Example:      $300,000 after rehab...

It is very important to know exactly what to expect when it comes to VA Loan Eligibility. Veterans who served on active duty and were discharged under conditions other than dishonorable, during World War II and later periods are eligible for VA loan benefits. World War II (September 16, 1940 to J...

The Federal Housing Finance Agency recently issued a statement that Fannie Mae and Freddie Mac are authorized to expand the Home Affordable Refinance Program from 105% to 125% loan to value.  The existing limit is 105%.  From FHFA Director James Lockhart: “The higher LTV refinancings will allow m...

CONDO FINANCING !!!!We can Finance Non-Warrantable Condo's in the state of Florida20% downpayment4.5% interest rateLet us show you how to "cash in" right now on the awesome condo deals !

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 $80,000 or more.   This tax credit for first time home buyers is not paid back like the first one of...

Locking rates can be a tricky but exciting time for the borrowers and brokers. It takes real expertise to understanding the bond market when locking rates. Fixed mortgage rates are tied into the yield of the Ten year note. If the yield goes up-and the price of the note goes down-so too do interes...