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Market Report Tapering
Market Report Tapering Markets were shaken by tapering fears this week. Following last week’s unexpected upturns in GDP growth and job creation, investors worried that the Federal Reserve would begin cutting back on stimulus. These fears were compounded by the budget deal that Congress reached on Tuesday. T
Top 10 reasons to send us Co-ops!
Required credit score reduced to 660 Max DTI for primary and second home occupancy 45% Purchase and R/T, primary and second home occupancy to 90% LTV Primary occupancy cash out to 80% LTV. High Balance primary residence 90% LTV with 720 fico score, 75% with a 680 fico score. High Balan
4 Home Buying Ducks to Get in a Row for 2014
Now, when it comes to putting your own ducks in a row in advance of buying a home, a few things are key. First, start early. Whenever you think you should get started doing the actual prep steps, work backwards about 3 or 6 months before that on the calendar and start then. Secondly, be bold. I find that m
The quality and quantity of service you render fixes your wages and determines what sort of experience you are getting.
The only constraints that you have on your income and advancement potential are those you place upon yourself. If you don’t like your position, or if you are unhappy with your salary, do something about it. What can you do to make yourself more valuable to your department or your company? What tasks have no
Say Goodbye to Stated Income at Hudson City – Jan 10th
Good news: Northstar Funding has an exclusive alternative product which is a NO-DOC loan. We base the loan on rental income (leases only) and qualify as a commercial loan. No primary residences allowed. Debt Service coverage of 1.25%. 70% LTV, min credit score 650, rates range from 7.49 – 10.99. All
Non-warrantable Condo projects
Condo projects are considered to be non-warrantable if they are not eligible to be sold to Fannie Mae or Freddie Mac. There are a number of reasons why a condo may be considered non-warrantable. A condo project that has similar facilities to a condo hotel may not be considered to be warrantable. A condo may also
STATED INCOME: OPEN CONSTRUCTION
STATED INCOME: OPEN CONSTRUCTION FYI: If the house OR building needs work and it’s less than $20,000 we will still lend up to 70% LTV. We will ask for a general contractor’s estimate for work and hold 1.5 times the cost of the improvements/construction in escrow until the work is done.
Lease Construction Financing vs. Traditional Construction Loans – What’s the benefit?
Think about this… We have a new product that will fund 100% of the construction of any building and lease it back to you. You hire your own contractor and the building is built to your specs. What’s the benefit? The lease becomes a write-off against personal
New mortgage regulations
5 ways buying a house just changedWASHINGTON – Jan. 22, 2014 – New mortgage regulations mandated by the Consumer Financial Protection Bureau went into effect this month. The rules are meant to hold lenders liable for bad loans and protect borrowers from loans they can’t afford. Here are five way
FHA
FHA FHA to FHA refinances with a Loan Modification FHA loans minimum Fico score 580 to $417,000, max DTI 55% follow FHA guidelines FHA Loans 640 score or higher DTI is AUS Approval FHA cash out to 85% with 580 score, follow FHA guidelines FHA High Balance, 580 streamline, 600 Purchase Rate/Term, 620 cash ou
NORTHSTAR FUNDING STANDS APART
NORTHSTAR FUNDING STANDS APART At NORTHSTAR FUNDING we offer products and services that set us apart from the competition. Please see below and click on the link https://www.nshomefunding.com/ NORTHSTAR FUNDING’s Product Highlights:• Minimum 620 fico on Conventional, FHA and VA loans• One fico sc