• We are looking at buying a lot and would like to build. Please explain to me, what is acquisition cost? The acquisiton cost is the cost of construction plus the cost of the lot. So, if it costs $300,000 to build your home and the lot cost is $
Feb 27, 2012 |
Scenario: Streamline 203K purchase loan has closed. The contractor has completed the first phase of work, and the estimated work was OVER budgeted by $200.00. What this means is that there is $200 unused money… Question: Can the borrower
Feb 27, 2012 |
I’ve seen many ads on TV about Reverse Mortgages. Just what is a Reverse Mortgage and how does it work? Essentially, a Reverse Mortgage is a mortgage that pays you, the borrower, instead of you paying the bank. A borrower must be age 62 or older and
Feb 24, 2012 |
The property must be an eligible HECM (Reverse Mortgage) property and must be a single family residence only – no 2-4 unit properties. Allowable Fees must be typical for the market. Costs associated with the HECM loan must be paid by the buyer
Feb 24, 2012 |
• I am interested in purchasing a home, I sold my house a year ago as a short sale. What are my options? If your previous mortgage was not past due when the short sale took place, you may purchase a home using an FHA loan. If your previous
Feb 21, 2012 |
George E. Moore has joined Tidewater Home Funding as Senior Vice President. Mr. Moore will assist with the management and operational duties of investor relations, recruiting, community outreach, business development, and assisting the secondary marketing
Jan 25, 2012 |
Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - apply today to begin.