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Sam Jones

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Email: samjones@hotmail.com

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How To File for the $8000 Home Buyer Credit

The $8000 first-time home buyer credit (also available to some existing home owners) will speed up home ownership. If anyone is interested in buying into the American dream of having their own home, this credit will sweeten the pot. When...
7/19/2010, 04:20 PM by Sam Jones
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The New Housing Reality

In early 2010, a remake of the loan modification program, Making Home Affordable, has gained acceptance from the four major lenders. Its forerunner, unfortunately, fell short of performing as per the intentions of President Obama. Foreclosures continued to the point...
7/17/2010, 05:12 PM by Sam Jones
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What the Financial Reform Bill means for the mortgage industry

It is now a given that we will shortly (could be as early as July) have a Financial Reform Bill.  No matter what the final state of the bill is there is no question that the Mortgage Industry will be...
7/17/2010, 05:10 PM by Sam Jones
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FHA 203K in a nutshell

FHA 203k in a NutshellWithout a doubt the FHA 203 series loan programs are among the best products on the market for buyers with unconventional needs, either due to less than perfect credit, because of a shortage of down payment...
7/17/2010, 05:06 PM by Sam Jones
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Mistakes to Avoid on Reverse Mortgages

Reverse mortgages are fairly new and appeal to a great many senior citizens. Although they can be a great benefit to many, seniors should check them out thoroughly before obtaining oneFor those who do not know what a reverse mortgage...
7/11/2010, 09:09 AM by Sam Jones
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Will the Financial Reform Bill Hurt the Mortgage Industry?

The world’s financial systems teetered on the brink of collapse for the last two years.  In large part, this is due to the excesses and greed of major financial institutions.  Coupled with a dearth of oversight by federal watchdogs, fortunes...
7/11/2010, 09:08 AM by Sam Jones
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Subprime Loans Being Saved by FHA Secure

Although the majority of subprime loans are in relatively good standing as far as avoiding foreclosure, quite a few are going to hit some rocky times. This isn’t good for the homeowners, and in some cases the speculators who attempted...
7/11/2010, 09:06 AM by Sam Jones
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HOPE for Homeowners Revamped

Homeowners seeking mortgage relief might want to look into the newly revamped HOPE for Homeowners mortgage insurance program administered by the Federal Housing Administration, part of the US Department of Housing and Urban Development.  The HOPE for Homeowner’s board of...
7/11/2010, 09:05 AM by Sam Jones
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Mortgage Refinancing: How Does it Work?

Mortgage Refinancing: How Does it Work?A home loan is a long term commitment. For most people, signing on the dotted line is a 30-year contract. In this amount of time many things can change. Some people will outgrow their home...
7/11/2010, 09:04 AM by Sam Jones
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Pre-qualification or Pre-approval? The Choice is Simple

The process of purchasing a home takes savvy, time and diligence. It is the most important financial investment we make in a lifetime and studies have shown that a consumer takes anywhere from six months to two years to contemplate...
7/10/2010, 01:42 PM by Sam Jones
 
 
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