With an FHA 203k loan can I remodel or improve ?
Updated Oct. 9, 2013
With an FHA 203k loan can I remodel or improve ? Yes, Any or all of the following:•Paint •Repair a kitchen •Add a deck or patio •Insulate for greater energy efficiency •Replace flooring ie tile, carpet, etc •Add a bathroom, replace a bathroom •Finish a basement...

What will I need to apply for a home loan?
Updated Oct. 9, 2013
In general, the documentation you will need includes: . . . Check for application fee. . --------------------------------------------------------------------------------. . Property Information (if you already have a contract on a house). Purchase Agreement.. Copy of legal description and MLS sheet.. If...

Finding a good real estate agent / broker is essential to enjoying a painless real estate transaction.
Updated Oct. 9, 2013
Finding a good real estate agent / broker is essential to enjoying a painless real estate transaction. The saying is "20% of the agents do 80% of the business," and it is true. The question is how can you find a good real estate agent? The best agent for you doesn't necessarily work at the largest...

How long does it take to close a home loan?
Updated Oct. 9, 2013
One of the more popular questions that people often ask me is “how long will it take to close my loan?” and many of them are surprised at my answer:. “Probably about 30 days, but a lot of that depends on you getting the requested documentation the underwriter asks for quickly.”. There are...

Should you talk to a mortgage professional before house hunting?
Updated Oct. 9, 2013
Should you talk to a mortgage professional before house hunting?. Absolutely! Even if you haven't so much as picked out houses to visit yet, it's important to see your mortgage professional first. Why? What can we do for you if you haven't negotiated a price, and don't know how much you want...

With an FHA 203k loan can I remodel or improve ?
Updated Oct. 9, 2013
With an FHA 203k loan can I remodel or improve ? Yes, Any or all of the following:•Paint •Repair a kitchen •Add a deck or patio •Insulate for greater energy efficiency •Replace flooring ie tile, carpet, etc •Add a bathroom, replace a bathroom •Finish a basement...

Cost of a Lower Fico Score - 580-620
Updated Oct. 9, 2013
About lower Fico/Beacon scores. . . Ok let’s begin you can purchase a home with a 580 Beacon score or Raise your score to 620 for much less and get a better rate long term and save $$$$.. Example. . Loan One. . John Doe. . $ 60000.00 income. . 2 years on the job. . Wants to buy a house has a 580 middle score.. . Sale of home. . Cannot use...

VA Loan Credit Score Requirements
Updated Oct. 9, 2013
VA Loan Credit Score Requirements, Florida, can be more lenient than conventional mortgage programs, but there are still VA Loan credit score requirements in order to be approved for a VA loan. Most banks require a minimum 620 middle credit score from the three major credit bureaus.. . If you know your credit scores...

More Options For Home Improvement And Renovation - HomeStyle(R) Renovation
Updated Oct. 9, 2013
HomeStyle RenovationHomeStyle Renovation combines home purchase or refinance with home improvement financing in one loan with one closing. . . Consumer Benefits•Finance improvements of up to 50% of the as-completed value of the renovations with a low first mortgage interest rate•Save...

FHA Downpayment Grants
Updated Oct. 9, 2013
FHA Downpayment Grants!. . FHA Loan Assistance to Help You Get a Mortgage. There are many Down payment assistance and community redevelopment programs offering affordable housing opportunities to first-time homebuyers, low-income and moderate-income individuals and families who wish to purchase a home. In...

Jumbo Loans to 90% LTV
Updated Oct. 24, 2014
As you know, Bright Green Home Loans has long been known for excellent service and attention to detail. Just like you we have built our business on relationships. To make sure that customer needs are being met, representatives like myself are continually updated and trained on new products that can help you. We are...

Taking the First Step towards Strengthening Your Finances
Updated Oct. 9, 2013
Taking the First Step towards Strengthening Your Finances. . Have your financial issues been weighing on your mind, but you haven't taken action yet?. . · Maybe you haven't had time to pursue a solution.. . · Maybe it hasn't seemed like a critical issue.. . · Maybe it's just a...

Closing Costs and your probable Insurance needs!
Updated Oct. 9, 2013
Insurance Closing Costs. Homeowner's InsuranceThis insurance covers replacement costs for damages caused by fire, wind or other disaster that might affect the value of the property. Typically, the insurance also includes personal liability and theft coverage. Flood or Quake InsuranceAdditional...

What is a "rate lock period"? How can you make sure your rate is low?
Updated Oct. 9, 2013
What is a "rate lock period"? How can you make sure your rate is low?. A rate lock or a rate commitment is a lender's promise to hold a certain interest rate and a certain number of points for you for a specified period of time while your application is processed. This prevents you from going through...

How Your Title works - Holding a Property Title!
Updated Oct. 9, 2013
Holding Title. Before you reach the closing day, you will want to make a decision as to how you will "hold title" to the property. This decision has legal, tax and estate planning ramifications. Therefore, it may be prudent to consult an attorney or certified public accountant (CPA).. The following...

Bright Green Home Loans Buyer Ready Program(TM)
Updated Oct. 9, 2013
Buyer Ready Program™Gain peace of mind by knowing that you completely understand what your options are and where your money goes when getting a mortgage.. . Step 1 – Credit ReviewLearn about Credit reports, what affects credit scores, and how to obtain your own report without getting trapped in the...

Closing on a Home Explained!
Updated Oct. 9, 2013
Closing the Sale . EscrowTo finalize the sale of the home a neutral, third party (the escrow holder, a.k.a. escrow agent) is engaged to assure the transaction will close properly and on time. The escrow holder insures that all terms and conditions of the seller's and buyer's agreement are met prior...

5 Tax Moves to make NOW!
Updated Oct. 9, 2013
1. Evaluate Capital Gains: The current long-term capital gains tax rate, with some exceptions, is either 0 percent or 15 percent depending on what ordinary income tax rate you fall into. But in 2011, these rates jump to 10 percent and 20 percent. That means if you have some investments that have done well, you may...

How to Stop Getting Beat By Cash Buyers!
Updated Oct. 9, 2013
Competition for property can be fierce. Want to stop getting beat by cash buyers? Get ahead of the pack with a pre-approved loan.. What is a Pre-Approval?. Sometimes referred to as an approval in principle, pre-approval is a general indication of how much you’re able to borrow based onthe information you...

Types of Insurance for your home purchase!
Updated Oct. 9, 2013
What are homeowner's insurance, private mortgage insurance and title insurance?. A homeowner's insurance policy is a package policy that combines more than one type of insurance coverage in a single policy. There are four types of coverages that are contained in the homeowners policy: dwelling...