Reverse Mortgage In Atlanta Part Five

December 11, 2008

Reverse Mortgage Frequently Asked Questions
What is a Reverse Mortgage?
A reverse mortgage is a loan against your primary residence that you Do Not have to repay for as long as you live in your home. Through a reverse mortgage you turn the equity in your home into cash without having to sell your home or repay [...]

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Reverse Mortgage In Atlanta Part Four

December 8, 2008

As was stated in Part Three, everything about a Reverse Mortgage can’t be just perfect. There have to be some aspects of a Reverse Mortgage that may not be as desirable as on other mortgage products. Let’s examine what some of the downsides and pitfalls may be.
High Fees and Closing Costs
Fees and closing costs are [...]

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Reverse Mortgage In Atlanta Part Three

December 6, 2008

Before we dig any deeper into Reverse Mortgages lets review what we have covered so far. In Part One we found out what a Reverse Mortgage is, what the requirements are for obtaining a Reverse Mortgage, how not to be taken advantage of and using a Reverse Mortgage for the purchase of a home. In [...]

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Reverse Mortgage In Atlanta Part Two

December 5, 2008

In Part One of this series we examined what a reverse mortgage is, what you need to do to qualify for one, the code of ethics a respectable lender will adhere too and being able to use a reverse mortgage to purchase a home. In this article let’s dig a bit deeper and examine how [...]

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Reverse Mortgage in Atlanta Part One

December 4, 2008

Recently there has been a considerable amount of conversation regarding the Reverse Mortgage. Today I had the opportunity to attend a continuing education class totally on Reverse Mortgages. Due to some misunderstandings by myself among many others I thought it my responsibility to provide the facts and let you the educated consumers decide if this [...]

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Credit Repair in Atlanta

October 15, 2008

So you are tired of paying some one else’s mortgage and you want to buy a home but you have been told your credit just won’t allow you to. Let me see if I can guess the way the conversation went. You filled out a mortgage application and the person electronically accessed your credit report. [...]

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No Down Payment Mortgage In Atlanta

October 14, 2008

Five Star Mortgage of Duluth has announced a no down payment conventional home loan with a credit score as low as 620. This is a conforming loan which means the maximum loan amount can not exceed $417,000 and the loan can only be used for a single family residence (Not for a Condo). Seller contributions [...]

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Down Payment Assistance Getting CPR

September 11, 2008

While lying on it’s death bed it appears as though Seller Funded Down Payment Assistance may well be getting a reprieve. As many of you know, the Housing Stimulous Act of 2008 did away with Seller Funded DPA. Representative Al Greene (D-TX) has introduce H.R.6694 in the House of Representatives. This bill provides for the [...]

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Down Payment Assistance Grant

August 17, 2008

The earlier article which gave notice that the seller funded downpayment assistance programs could very well be coming to and end is still on track. However here is a new program that has the blessing of HUD (The Department of Housing and Urban Development). Simply stated the program is a 5:1 downpayment grant. What this [...]

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Down Payment Assistance in Atlanta

May 13, 2008

The Nehemiah Program
This morning I had the privilege of attending a seminar about down payment assistance and how it can benefit both buyers and sellers in the greater Atlanta market. The seminar was taught by Leslie Kane, Area Manager, of The Nehemiah Program. The Nehemiah Program is charitable organization that has helped over 40,000 families [...]

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