News, articles, and advice for Maine real estate licensees, loan officers, and all professionals who assist the consumer in the real estate transaction.
| Posted by: | Steve Hammond, Founding Partner, TRELG |
| About Steve | Steve's Post Archive | |
| Posted on: | January 4th, 2012 at 2:40 pm |
| Filed under: | Home Loans, Success in Real Estate, real estate |
The article below was originally posted by National Mortgage News. Written by. Brian Collins
The Federal Housing Administration has suspended its anti-flipping rules for another year to facilitate the financing and sales of newly renovated foreclosed properties.
“This extension is intended to accelerate the resale of foreclosed properties in neighborhoods struggling to overcome the possible effects of abandonment and blight,” said acting FHA commissioner Carol Galante.
| Posted by: | Steve Hammond, Founding Partner, TRELG |
| About Steve | Steve's Post Archive | |
| Posted on: | May 24th, 2011 at 12:53 pm |
| Filed under: | Home Loans, VA Loans, clients |
No other home lending program caters more specifically to the needs of veterans and active duty service members than the VA Home Loan program. Established in 1944, the VA Home Loan program was created to meet the unique financial needs of military members by offering one-of-a-kind benefits and lenient eligibility requirement. Specific benefits provided by the VA Home Loan include:
• Zero down payment
• Competitive interest rates
• Flexible mortgage terms