Expert Advice tagged as 'financing-loans'

  • Residential Financing Handbook

    Here's a handy "Residential Financing Handbook" . It covers topics like: Conventional loans Jumbo loans FHA Loan programs VA Loan programs First time buyer loan programs Other loan programs And other topics. This handbook is [...]

  • Why Can't I Refinance My Loan Like Before?

    A couple things are happening in the market so it's best not to delay refinancing if you fear you are in the wrong loan. Right now we are seeing appraisals that almost across the board reflect declining values. Maybe appraisers a [...]

  • What is a VA Loan?

    A client writes: I've been hearing about VA loans. Are those loans meant only for people who live in Virginia? No! VA loans have nothing to do with Virginia, although many people make that mistake. Here is a good definition of VA loans: [...]

  • FHA Loan Icssues: Small Condo Associations

    Here is a transcription of the audio above: Hi. This is Daniel with DROdio Real Estate. I'm just taking some clients around today in Washington D.C. and we're coming up against a very interesting issue that I want to make you aware of e [...]

  • I'm Not Sure I Need a Realtor. What Would You Say to That?

    Not sure you need a Realtor? Read this... Dear Buyer, If you're wondering exactly how a Realtor can help you find a home, you'll probably enjoy this whitepaper: I was wondering the exact same thing when I bought a home (before I was a Rea [...]

  • About Discount Points & Origination Fees

    Discount points and origination fees can often be confusing to buyers. Here's how they work. The first thing you should know is that we consider discount points to be "good" points that benefit the buyer, while origination fees are "bad" po [...]

  • PMI Companies And The Foreclosure Crisis: Where Are They?

    Some of you may be wondering what happened to the PMI companies with the recent market downturn. After all, aren't some buyers paying PMI to insure the lender in the event of a default? Where are they now? Why are so many lenders going out o [...]

  • The Fannie, Freddie and IndyMac Crisis: What It Means To You

    By now you've heard about the Fannie, Freddie and IndyMac crisis and probably wondering what this means for you? After all, if you're in the market to buy a home, own a home, or have money in the bank you're at the very least concerned. The v [...]

  • Risk Reduction Monopoly-What Will They Land on Next?

    A few weeks ago "The New York Times" published an article "You thought you had an Equity Line" which detailed the practice of some lenders of "freezing" home equity lines of credit. Lest you think that your perfect credit and significant equity [...]

  • The Changing Face of Transfer & Grantor's Taxes and What They Mean to You

    First, let's define transfer and grantor's taxes, why they exist, and the current trends in MD, DC and VA. Transfer Taxes are defined as: A transfer tax is a tax on the passing of title to property from one person (or entity) to another. In a [...]

  • Private Mortgage Insurance Tips And Questions Answered

    What Is PMI (Private Mortgage Insurance) And How Does It Work? Private Mortgage Insurance insures the lender for 20% of the loan in the event that the borrower defaults. Keep in mind that even though the borrower pays the monthly premium on t [...]

  • New Lender Regulations Coming January 1, 2010

    The following information was sent to us by Laura Triplett of Suntrust Mortgage: RESPA Reform is Coming The U.S. Department of Housing and Urban Development (HUD) has published its long-awaited final rule reforming the Real Estate Settlem [...]

  • What is Private Mortgage Insurance (PMI)?

    This information kindly provided by Richa Badami of Countrywide: Do you know what mortgage insurance is? Many people confuse mortgage insurance with mortgage life insurance, mortgage disability insurance, or even homeowners insurance. These ar [...]

  • What's the Difference Between a Home Equity Line and a Second Loan or Second Trust?

    Home Equity Line Home equity lines work like a credit card against the equity in your house. You can take money out and pay it back, keeping the same credit limit. You are charged interest on the outstanding balance with a minimum payment due e [...]



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