My New Blog

I wanted to add this article to my blog even though it is not Mortgage related.

I feel that this is a potential problem that could hurt any one of us, especially around tax time and the rebate season.

Please read and please remember do not give your personal info to just anyone.

http://finance.yahoo.com/taxes/article/104668/Don't-Fall-for-IRS-Related-Scams

Have a wonderful day,

Ron

At this time, we are no longer able to offer 100% purchase programs.  This is a way that Fannie/Freddie are trying to stabilize the market.  Although it may sound like a bad idea, it should help us all in the long run.  Max purchase Loan to Value is 97% at this time.  I, of course, will update this site when changes are made.

Also, stated income borrowers have been effected.  The best case scenario allows a self employed earner to go to a max of 90% Loan to Value.  A 1099 or W2 employee, can go up to 80%.  Again, this was done to stabilize the market and will help to right the ship. 

As always, please do not hestitate to call me with questions.  I can be reached at 610-825-2389.

Have a great day,

ROn