Sue's Blog

By
Mortgage and Lending - Waterstone Mortgage Corporation
RECENT BLOG POSTS
0 Comments
                                         Sometimes, things happen that we know are a direct result of our actions or our inactions. Other times, things happen for which we have no explanation and we sit back and sort of go, "Hmmmmmm". I had one of those moments in the not too distant past. A long...
10/13/2008
Everywhere you turn, there is bad news - on TV, in the paper, standing in a checkout line at the grocery store as the guy behind you talks about how bad things are. I'm not going to try to be Suzie Sunshine and say that it's all good(which is what I usually am), or that things will be better tom...
10/10/2008
This is kinda' like a forwarded chain letter... ReBlog Please! Tell Ten Friends And So On... As you ask, so shall I do Midori. Via Midori Miller-Daytona Beach Florida Real Estate Trainer: Today Kim Wood sent me a tweet and reminded me it is Cancer Awareness Month and make sure and spread the word...
10/06/2008
My title on ActiveRain says that I am a "USDA Rural Housing Mortgage Loan Pro".  I am licensed to do USDA Rural Housing loans in Florida, Alabama, Georgia, North Carolina, South Carolina, and Tennessee. The media tells you that 100% financing does not exist today for your buyers today.  This is n...
10/06/2008
Today's rates on a USDA Rural Housing loan are at 5.5% again with no points, no origination fee.  There is a 2% financed funding fee but no monthly mortgage insurance.  What does this mean to a person who is currently renting?  They can buy a home at a sales price of $155,400 and have a payment l...
10/06/2008
HR3221, the bill signed into law about a month ago, allows for up to $7,500 in tax credits to be given to first time homebuyers that purchase a home between August 9, 2008 and July 1, 2009.  This credit will be deducted from your 2008 tax return.  It does have to be paid back but it is paid back ...
10/01/2008
HR3221, the bill signed into law about a month ago, allows for up to $7,500 in tax credits to be given to first time homebuyers that purchase a home between August 9, 2008 and July 1, 2009.  This credit will be deducted from your 2008 tax return.  It does have to be paid back but it is paid back ...
10/01/2008
Today was NOT the best day in my little corner of the world! I had been out of the office since last Tuesday attending the Florida Association of Realtors convention in Orlando and was back and fired up and ready to hit the streets running! We are a correspondent lender and sell a large percenta...
09/29/2008
On October 1, 2008, the ability to get an FHA loan and have the seller contribute to a down payment assistance program such as Ameridream ends.  The passage of HR 3221 by Congress took this feature away, ending the ability to have the seller help a buyer to get 100% financing on an FHA loan.  A b...
09/27/2008
As the end of Fiscal Year 2008 approaches (September 30, 2008), the USDA Rural Housing Mortgage Program will be temporarily "without funds".  This happens every year, as those of us that have been doing these for a while are aware.  The program is funded with appropriations from Congress and as t...
09/23/2008
Rainer
31,029

Sue Botelho

USDA Rural Housing Mortgage Pro
local_phone8(503) 626-9012
smartphone(850) 797-7946
Contact The Author