Palmetto Heros

Police, Fire Fighters, Teachers and EMS can qualify for a new 2010 Palmetto Hero Program

SC State Housing Authority is excited to announce a 2010 initiative for “Police Officers ...

Joanne Terrel's Mortgage Comment week or 02/01/10

Mortgage bond prices fell last week pushing mortgage interest rates slightly higher. Most of the data early in the week was bond-f...

The FHA, which is supporting the housing market by insuring thousands of new mortgages, is expected to announce on Wednesday that it is tightening standards.

The past two weeks we have seen mortgage rates fall for a few days to the low points we saw back in January only to jump back up to the current level rates started last week at. The base line for c...

Two meticulous housekeepers would like to sell ...

The city of Charleston Renewal Community (RC) ...

Our program is a CRA based, 1st time homebuyer loan with a minimum of 5% down payment which can come from a gift or grant, requires no mortgage insurance, and no minimum credit score. The credit do...

To Use The $8,000 First-Time Home Buyer Tax Credit Program, There's Now Just 6 Weeks To Find A Home

If you plan to use the First-Time Home Buyer Tax Credit program, time is running out.  The progr...

As a follow up to a previous blog regarding short sale scams Fannie Mae has issues this article on what to watch for and are now calling it Mortgage fraud!! watch Out!!

Click here for PDF article

1)  No Employment Seasoning for W-2 salaried and Full-Time Hourly Employees
        a)  Only count base pay, no overtime/commissions/bonus income
        b)  Need only two current pay stubs
       ...

If a buyer wants to purchase a condo one must first find out what type of financing one has an approval for. If you are approved for FHA or FHA/SC State Housing then there are only 18 FHA approved ...

Dan Buts Weekly Mortgage Update

Click here to view!

Chain-of-Title: A chain-of-title is required covering the preceding 12-month period. The property seller must have been the "owner-ofrecord"
for at least the preceding 90 days in order to be eligib...

I have been using this sysyem for about 3 years now and it has saved me ffrom losing data and most importantly all our family photos on 2 occasions...priceless protection!!

Marshall

Dan Butts Weekley Mortgage Update 7/20/09

Click Here for full Update

The most interesting thing is the $3500 purchase price credit when you trade in your gas guzzler on a vehicle that gets 2 mpg ...

Introduction to Charleston

CLICK HERE TO SUBMIT

Marshall Walker is proud to present Free of Charge a Comprehensive 72 page Charleston relocation and newcomers guide to introduce you to our wonder...

Local Mortgage News

Please click this Link to view local Mortgage outlook!

Overall showings on listings appear to be down , however I did an open house yesterday in which I had a another good tur...

 New Mortgage regulations to affect Charleston Homebuyers and Sellers

July 1 will signal another huge change in the lending industry - be prepared as a buyer or selle by reading the attached do...

RATE BUYDOWN OF 1% FOR 1 YEAR WITH USE OF PREFERRED LENDER WELLSFARGO MIKE GOBIN

 OR

SEE...

Atlantic Bank & Trust has received approval for $7 million in Grant money to use in conjunction with FHA loans. The Grant will act as a second lien that is forgivable if the borrower retains owners...

Short Sale Negotiation Warnings for BUYER and SELLER

We are starting to see an unusual chain of events with short sales -if a short sale is advertised as being already negotiated with the bank ple...

Loan Modification Consumer Alert

I was looking up some info for a freind /client the other day who was asking my advice on whether she should pay someone a whopping $3500 to modify her loan....may...

Please read the email below from Melissa Breeland - she is one of our top lenders and always gets my attention

I am very happy to have more and more military home buyers contacting us to take a...

Please read this interesting blog on Mortgage Fraud - Please be sure to use a FULL TIME and Full service real estate agent - check credentials as I have heard stories of agent saying they are the C...

Federal Housing Stimulus

Yet another good site I have found explaining the stimulus!

CLICK HERE

NO MONTHLY PAYMENT? How would you like to purchase a home but have no monthly payment! What!!!  

• Are you over 62?
• Do you have 50% down towards the purchase of your home?

Click Here for an...

I came across this fabulous blog yesterday explaning Mark to Market accounting - Please give it a read!

Mark to Market

 1st Time Homebuyer Credit Form

The IRS has officially released Form 5405 --  as part of the American Recovery and Reinvestment Act of 2009

True to tax code standards, the 10-field form is accomp...

FHA 203K Lender needed !

Please contact marshall at 843-532-3214 if you have a good lender with a FULL 203k Package - we currently have a streamline 203k available which allows up to approximately...

This new $8,000 tax credit is totally new and is retro back to 1/1/09 and does not in any way connect with the previous tax credit of $7,500 that was part of the first stimulus package in 2008.

As r...

Final score: $8,000 for homebuyers

 First-time purchasers get a tax credit windfall if they buy before December. 

"I will qualify as a first-time home buyer, and I am currently set to get a...

The annual MIP (paid monthly) will be canceled under the following conditions:

• For mortgages with terms of more than 15 years, the annual MIP will be cancelled when the LTV ratio reache...

Credit bureau Opt Out

I received a piece of mail from one of my lenders today.....and I actually read it. What I learned was that there is a National Opt-Out Center where you can have your name re...

  •Short Sale:   A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done...

MARKET RECAP

Any goodwill the economy might have banked during the holiday weeks of Christmas and New Year was certainly depleted last week. Most of the news was bad, and in some cases bad in ways...

New Fannie Mae Loan Fees Target Condo Buyers, Among Others

When conforming mortgages started defaulting en masse in late-2007, mortgage guarantor Fannie Mae created a loss-offsetting, fee-gener...

It's Semi-Official : New Conforming Mortgage Fees Go Into Effect Monday

Even though its effective date is April 1, 2009, mortgage applicants should start seeing Fannie Mae's new fee structure f...

 
WILL MY CREDIT SCORE GO DOWN IF YOU PULL MY CREDIT?? 

The short answer to that question is -not much. Depending on which score version is used by Equifax, Experian or Trans Union you have 14 to 45...

Creditors voluntarily report information about you to Credit Bureaus. A credit bureau is a clearinghouse for credit history information. The bureau may also be referred to as a Credit Repository. C...

203(K) Rehabilitation Program 

aA important FHA financing program that's been closed since the late 1990s  may be re-opened to investors -- provided HUD agrees to a proposal submitted recently by th...

 MMG Update - Wednesday December 17, 2008 10:05am ET Current Trend

>Direction: Higher Risks favor: Floating Current Price of FNMA 4.5%

>Bond: $102.12, +19bp

 "Right here, Right now, watching the ...

Loan Rate Sheet               December 11, 2008

LOAN TYPE       RATE                  POINTS     PARAMETERS

CONFORMING LOANS = $417,000 or below

30 Year Fixed              4.625%   ...