Call on Us First

Over and over I receive calls from my clients and they start out with I talked to my bank and 1. They won’t return my calls or 2. They say they can’t close for 60 days or 3. They don’t do the kind of loan I want and so on and so on. I guess people call their bank because they think they will give them a better deal.


I can safely say that in most cases we can close much quicker, with a better rate and we do return our calls. In fact when you call us, a human answers and you don’t go into voice mail Hades.

I’m just saying. Call us first and save yourself some aggravation.  You can reach us at 615-777-4663 or via email at George.Margrave@migonline.com

HUD $100 Down Homes

HUD is offering their foreclosed homes for $100 down until October 2012:

 

• Here is the deal
• It is only for HUD foreclosed properties
• You must use a HUD registered real estate broker or agent (If you need a referral we can help)
• You must qualify for and use FHA financing 
• You must be an “owner occupant”
• The $100 down payment program must be on the executed contract (specifically requested)
• HUD will pay up to 3% for closing costs
• 203K loans are eligible
• The homes are sold in “as is” condition

Please contact us if you have more questions George or Stephanie at 777-4663 (HOME) or email at George.Margrave@migonline.com or Stephanie.Holland@migonline.com .

 

HARP 2.0

HARP 2.0

You may have noticed in the news that the administration has announced a new program to help people who are under water on their mortgages refinance to today’s lower rates. The details will not be out until 11-15 with implementation to happen around December 1. But even then there will probably be more time lag to get systems in place to handle it. The benefit will only be for folks that have Fannie Mae or Freddie Mac loans. You can look up your property and see if your loan might be one that benefits by going to the following web sites.

http://www.fanniemae.com/loanlookup/

https://ww3.freddiemac.com/corporate/

If you have any questions or want to discuss your options, please contact me at 615-777-4663 or via email at George.Margrave@migonline.com .