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Lee Hopkins's Blog


Investors Use your IRA to purchase real estate
Updated Oct. 9, 2013
Do you have a cash balance in your IRA and are not happy with stock market returns? Did you know you can use your IRA to purchase investment real estate? Email me for a free pdf document outlining the IRS rules, and how to leverage your IRA and take advantage of the real estate bargains out there.. Mike.
Reverse Mortgages to get more restrictive?
Updated Oct. 9, 2013
For seniors considering a reverse mortgage, be aare that there are proposals to include credit qualifing and escrowing for taxes and insurance. Currently, there is no credit check, no income check, no escrow requirements. Buut that may be about to change. Contact me for more information. Mike
Bank of America closing correspondent mortgage lending business
Updated Oct. 9, 2013
One of the largest providers of mortgages to mortgage brokers has decided to exit the correspondent lending business.. This will eliminate funding sources for a large population of mortgage brokers and small banks, further constraining the supply of mortgages to consumers. Credit unions may also be affected...
Over 62 facing forclosure? Consider a reverse mortgage
Updated Oct. 9, 2013
Facing foreclosure? What are your options?Despite what the Government is telling us, this economy is bad. REALLY BAD. No one knows this more than senior citizens. While their income sources are usually fixed, expenses aren't. Utilities are increasing. taxes are increasing. Food costs are increasing....
100% Fnancing does exist
Updated Oct. 9, 2013
Buying a home? We have zero down payment loans available.Its a bit of a secret, but you can still get 100 % financing for a home purchase. The US Department of Agriculture makes home loans. They arent just all about cows and pigs. And you dont have to purchase a farm to get the loan. Residential housing in eligble areas is...
Time to BUY Real Estate
Updated Oct. 9, 2013
The housing market is showing signs of life. Housing affordability is now at its best level in six years. In many markets, it is now cheaper to own than rent.. With interest rates on mortgages at lifetime lows, its time to start looking at a purchase. . Employment is improving. Factory orders are picking up. Housing...
Its becoming a sellers market
Updated Oct. 9, 2013
We are beginning to see several competing offers come in on quality properties.Many Realtors are suggesting that inventory is shrinking, and buyers are now offering full price, or in some cases, over asking price for the right property.Home values are increasing, and appraisals are showing improved pricing...

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