Brand Mortgage: Great Contact for loans in Ga & SC

Hello,

I just wanted to reach out to let you know about some excited news. First of all, for those that do not know, I went to work for Brand Bank in January. I am working in the mortgage division. The best news is that we have very low rates, fast turn times in underwriting and more products that I had access to before. We have got the best rates of anyone for the 203k renovation loan. We will also soon have access to FHLB loans where the government matches our clients downpayment $5 to $1.
In other words, if you make a $1,000 down payment the government will give you and additional $5,000 for free towards your down payment. This product is also difficult to find in the market. We also have special incentives for our builder inventory of homes. My new contact information is listed below. Please feel free to call me anytime. I look forward to hearing from you.

Jeff Ingram
Direct 678-226-7867
Cell 678-643-2442
Fax 678-518-6318
www.JeffsMortgages.com

mortgage rates 2/28/2010. Now is the time to Buy!

Rate Sheet as of 02-28-10 at 6:06 p.m.
Bank of America Home Loans
Raymond Duncan 1.800.987.9605 cell

Rates below are at current points, and other rate and point options are available. Rates may vary depending on down payment amounts, credit scores, and purchase terms.

FHA Mortgages up to 96.5% Financing (No minimum credit score required)

15 year fixed 4.250% 0.000 point
30 year fixed 4.875% 0.500 points
5/1 ARM 3.875% 0.000 points 150,000.00 K note

VA Mortgages up to 100% Financing (No minimum credit score required)

15 year fixed 4.250% 0.250 point
30 year fixed 5.000% 0.000 points
3/1 ARM 3.875% 0.000 points 150, 000.00 K note

Conventional Mortgages up to 95% Financing

15 year fixed 4.250% 0.125 points
30 year fixed 4.875% 0.000 points
5/1 Arm 3.875% 0.000 points 417, 000.00 K note

*****Rates quoted above are based on a $150,000.00 purchase price and a 417,000.00 note with a credit score of 720****
*****Private Mortgage insurance may apply******
*****Escrowing of taxes and insurance is required if LTV is over 80%******

Jumbo Mortgages up to 80% financing

15 year fixed 5.125% 0.500 points
30 year fixed 5.625% 0.125 points

*****Rates quoted above are based on $695,000.00 purchase price and credit score of 720*****
*****Rates quoted with escrows of taxes and insurance*****

Jumbo Loans up to $5,000,000.00 (may require up to 40% down)

15 year fixed 5.375% 0.125 points
30 year fixed 6.250% 0.125 points

Used purchase price of 4,275,000.00 with loan amount of $2,992,500.00 and 720 credit score…

These products, rates, and terms are subject to primary home purchases; and may change without notice. Bank of America Home Loans is an equal housing lender. Sent by Raymond Duncan @ 1.800.987.9605 cell, closing home loans all over the U.S. Purchase, Refinance, Equity Line, and Reverse Mortgage Products available... Still lending on second homes and investment homes too…

Home Buyer's Tax Credit EXTENDED!!!

With the nation's unemployment rate busting through the 10% mark in October, President Obama on Friday signed legislation extending the $8,000 first-time homebuyer tax credit and giving additional tax breaks to certain homeowners trading up. Passed overwhelmingly by Congress, the bill would provide a $6,500 tax credit to homeowners who are buying a new primary residence beginning Dec. 1. The language mandates that to get the credit the homeowner must have owned their home for five consecutive years of the previous eight. But there are caps on the tax credits. They only apply to individual buyers who make no more than $125,000 and $250,000 for couples. There is also an anti-flipping provision: Any homeowner who collects the credit and sells within three years must return the money. The FTHB was extended to cover consumers signing a contract by April 30 and closing by June 30. Meanwhile, the Department of Labor reported Friday that the nation's unemployment rate rose above 10% for the first time since 1983 in October, a much worse jump than expected. The increase in joblessness will lead to an upswing in residential mortgage delinquencies. In October the unemployment rate spiked to 10.2%, compared to 9.8% in September. Economists had forecast an increase to 9.9%.

Amazing water levels on Lake Hartwell!

Did you know that as of today, Lake Hartwell's water level is only 2.97 ft below full pool!!!!!!!!!! Wow, what a change from last year! We've had huge amounts of rain and the lake looks absolutely beautiful!

Water's UP on Lake Hartwell!!!!

After torrential rains Lake Hartwell is only 4 feet below the full pool level of 660'. This is sooooo.... much better than last year! Most docks are floating and boating's a pleasure. Check my website for bridge clearances though....http://www.Hartwell-Keowee.com If you have a T-Top or large houseboat or cruiser you may not be able to get under some of the lower bridges, but hey.....this is a HUGE lake and there are plenty of places to go! Happy Boating!

Have Lake Hartwell all to yourself!

Now that school has started Lake Hartwell seems empty! Yay! For those of us who live on the lake year round we love to have the sandy beaches & quiet coves all to ourselves. Don't get me wrong, I want as many people to enjoy our lake as possible but I love the quiet and serenity that fall & winter bring to the lake. Now is a great time to take a tour of Lake Hartwell. Contact Captain Gary W. Smith to set your tour up! Visit his website: http://www.LakeHartwellBoatTours.com and Visit his Blog: http://LakeHartwellBoatTours.blogspot.com for an entertaining read about boating tails, experiences & instruction.

FHA Appraisal Requriements

Below is a list of the FHA appraisal requirements. I hope you find this helpful for your home buyers obtaining an FHA mortgage. This does not include everything, but does include what seems to be the most common problems. I hope that this may help to reduce the number of re-inspections thereby reducing overall fees to the customer.

1. Roof: Must have a minimum of 2 years remaining life. If the roof looks okay, the appraiser will assume it's serviceable and okay. However, if there are torn shingles or any obvious problems, i.e. apparent leaks, etc., the appraiser will call for an inspection.

2. Electrical: Exposed/naked wires are an obvious hazard and must be properly covered. Covered means switch plate covers, outlet covers, no naked wires hanging out of walls, electrical wire caps for splices must be contained in a junction box, etc.

3. No obvious signs of rotten wood, no obvious signs of wood-boring insects or other infestation, all exterior wood must have an all-weather covering (paint, siding, etc.).

4. Crawlspace: No standing water or excessive moisture, no debris since this invites infestation. Recommended minimum height of crawlspace is 18 inches.

5. All utilities must be on.

6. Plumbing: All fixtures should be present and functional. No leaks should be observed. Must have Hot Water.

7. HVAC must be functional.

8. Cooking source is required, i.e. Stove.

9. Windows must open. (On older houses, windows often get painted shut)

10. Carpets/Flooring/Walls should be in average condition overall with no major repairs needed.