by William Bronchick | Mar 31, 2020 | Business Advice
by William Bronchick, Esq. So, you just got that great bank-owned property under contract and now you need a loan to buy, fix and flip. You went to three hard money lenders and they turned you down. Why? Because you STINK at selling your deal. That’s right, you need...
by Phyllis Rockower | Jul 2, 2013 | Housing News
The pendulum is swinging back again. After years of scrooge like actions by the banks, things are changing. Rates are up to 4.6% for a 30 year fixed. If you hear lower rates quoted its because they are charging lots of points and fees. That’s the difference between...
by Phyllis Rockower | Feb 11, 2013 | Real Estate News
For the third time in a year, FHA is increasing its fees on the mandatory Mortgage Insurance Premium. In addition, it will be with you for the life of the loan. You used to be able to dump it when you gained equity. If you are a lesser qualified borrower, you will pay...
by Phyllis Rockower | Nov 26, 2012 | Uncategorized
Sales for first time homebuyers are going down. It’s really difficult for these folks. FHA does 50% of these loans and their underwriting requirments are so strict that few can get appoved. In addition, the csosts for FHA loans are increasing which is also...
by Phyllis Rockower | Sep 24, 2012 | Economic News, Housing News, Real Estate News
Even though the rules were meant for condo developments, this also applies to individuals looking to buy and sell condos. I have previously told my students not to bother with condos unless it was owner financing or subject because it if you think it is tough to get a...
