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Conventional Loans
Neil Caron
Mar 10, 20152 min read
Condo Unit Financing Almost Killed Due to Reserve Contribution
Last week a loan officer contacted me regarding a loan he had in process. At the 11th hour, the lender was rejecting the conventional...
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Neil Caron
Feb 20, 20152 min read
Importance of 10% Reserve Contribution to Condo Unit Financing
In speaking with several associations recently, I was surprised to hear that they knew about this FHA requirement but didn’t know anything about Fannie Mae. “We aren’t seeking FHA approval” was the response from one condo board member. Maybe not, but you are ruling out the VAST majority of buyers by not making this contribution.
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Neil Caron
Feb 6, 20152 min read
Fannie Mae Reintroduces 97% Financing for Condominium Units
Last week Fannie Mae announced the reintroduction of 97% financing for single-family homes, PUD units and condominium units. This...
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Neil Caron
Jan 29, 20152 min read
97% Financing - Fannie Mae Releases Selling Guide 1.27.15
Fannie Mae reintroduces 97% financing for single-family home purchases and refinances
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Neil Caron
Feb 25, 20141 min read
What is the difference between a condominium and a townhouse?
Our FHA condo approval specialist Eric Boucher answers this question in one sentence! for the whole story click here
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Neil Caron
Jan 15, 20141 min read
14 changes ahead for home mortgages - MSN Real Estate
Some of these changes will happen sooner rather than later. 14 changes ahead for home mortgages - MSN Real Estate .
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Neil Caron
Sep 3, 20131 min read
There's No Reason to Panic About Rising Mortgage Rates - DailyFinance
Nice article explaining how the real estate market will thrive even as interest rates rise. There's No Reason to Panic About Rising...
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Neil Caron
Aug 23, 20131 min read
Homebuilder Confidence Strongest Since 2005 | AOL Real Estate
I think we're going to be seeing more construction and 203k loans in the near future. Homebuilder Confidence Strongest Since 2005 |...
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Neil Caron
Aug 12, 20131 min read
Forecasters say home values will jump 6.7 percent this year | Inman News
Quick read on how some experts believe home values will be going up. They estimate that phone values will have a cumulative 23.7 percent...
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Neil Caron
Aug 9, 20131 min read
Pre-Closing Credit Checks - NYTimes.com
I have seen this happen too often Pre-Closing Credit Checks - NYTimes.com .
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Neil Caron
Aug 7, 20131 min read
Build Credit Without Using a Credit Card
I can't count how many clients we've had where a person is just a little lower then the fico score needed to either get approved, or get...
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Neil Caron
Aug 7, 20131 min read
A Look Behind The Curtain: How To Choose A Mortgage Lender - Forbes
A Look Behind The Curtain: How To Choose A Mortgage Lender - Forbes . Great article on how to choose your lender, here are a few things...
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