Mark Stampini's (markshomeloans) Blog

Homepath financing is now available!!! Investors can now buy properties with 10% down.  Owner-occupied properties only require 3% down. No appraisal required No mortgage insurance SELLER CONCESSIONS ALLOWED!!! Condos are OK!!! Now is the time to get into that property that you have been waiting o...

Trying to cut its losses, Bank of America has changed its policy on "short sales," making it easier for borrowers to sell their homes instead of going into foreclosure, according to a report in American Banker. Until a month ago, BoA's mortgage unit (which includes the old Countrywide franchise) ...

If you are buying or refinancing a home with a low LTV and High credit score in the loan amount of $350,000 - $417,000 you can get some great discounts to the rate. Rates are low for everybody right now but this price range is getting special consideration. Call today for all the latest details o...

Who: First-time home buyers or anyone who has not owned a principal residence in 3 years previous to purchase Amount: $8,000 Tax Credit Purpose: To encourage first-time home buyers to purchase; to reduce larger-than-normal inventories of homes for sale Restrictions : • Must be a primary residence...

Banks are a lot more receptive to modifications now.  So, if you are looking to stay in home, but can't afford the current payments call us today. We will look at your financials and determine if a modification is something you can do.  Banks want you to stay in your house they don't want to forc...

It is estimated that over twenty-nine million veterans and service personnel qualify for a VA home loan.   There is no down payment required in most cases. The maximum amount of the loan may be up to 100% of the reasonable value of the property.    The seller may agree to pay the buyer's closing ...

If you or someone you know are currently struggling to make their monthly mortgage payments there maybe help.  Call today for a free financial analysis today and we will see if you loan can be modified.  Stay in your home don't let it go into foreclosure. Don't wait and call today time is of the ...

As rates get lower it may be time to refinance your current FHA mortgage.  If you currently have an FHA mortgage you can do an FHA streamline refinance where no appraisal is ordered.  This is a great way to lower your current interest rate as well as lower your monthly payments. Call today for a ...

VA JUMBO FINANCINGVA loans now have a maximum loan amount of $1M plus VA funding fee!!! * 30 year fixed rate term only * Max DTI is 50% * No foreclosure in the last 7 years * 2 months reserves All Veterens looking to purchase a home now is the time to buy your new home or refinance your present p...

MANUFACTURED PROPERTIES HAVE BEEN THE MOST NEGLECTED SOURCE OF LOANS FOR TOO LONG.How many have you turned away because the few lenders who offered this product set impossible credit or LTV requirements?  If you have someone buying or looking to refinance a manufactured home give us a call. 600 c...