Great News
A good day to all,
Today’s mortgage rates are still very favorable.
I would like to discuss a much under-utilized mortgage product, Fannie Mae’s HomePath Mortgage. This program is a great alternative to FHA. Any occupancy status is allowed with minimum down payments ranging from as little as 3% for a primary residence, 10% down for a second home, and 15% down for an investment property. No appraisal is required. There is no Monthly or Upfront Mortgage Insurance. And, condos can be approved with little scrutiny.
The subject property has to be listed as a Fannie Mae HomePath eligible property. Currently there are 12 HomePath properties listed in South Lake Tahoe, 2 in Alpine county, 33 in Douglas county, 31 in Carson City, and 306 in Washoe county. Just go to www.homepath.com to search for eligible properties. And call your local mortgage broker for more details. Not all banks are participating in this program.
Check out today’s video at Think Big Work Small to find out which states have the longest foreclosure process: http://www.thinkbigworksmall.com/mypage/archive/1/56986/
Do you deserve full disclosure?
The two largest differences between going directly to the bank or using the services of a broker are:
Brokers fully disclose every penny earned . . . Bank employees . . . NOT!!
Brokers are required to take the new national and state level tests . . . Bank employees . . NOT!!
It does not cost your borrower any more to use a broker. If fact, many times it will cost them less.
Support your local mortgage broker!!
Susan Reynolds-
Alpine Lending Group
VOX 775-200-0605 Follows me everywhere
FAX 775-847-7375
NV Mortgage Broker License #3079
NV Mortgage Agent License #46738
CA Broker License #00860550
NMLS #248311
21320 Delta Drive – Reno – NV – 89521
NMLS #338361
3330 Lake Tahoe Blvd #13 – South Lake Tahoe – CA – 96150
NMLS #339207
