Tag Archives: mortgage

No Money Down Financing?

Posted on October 25, 2019 by Joyce Albert

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Yes!  . . . and it is not a gimmick nor is it VA. It is a little known federal program called USDA Rural Development. Unlike most loans, a USDA-RD loan is unique in that the property itself is the … Continue reading →

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Buying a new Home? . . .Warning!!!

Posted on August 27, 2019 by Joyce Albert

This gallery contains 3 photos.


NO ‘mysterious’ deposits to your bank accounts – Borrowing money for a down payment to buy a home is an absolute ‘no-no’ in the world of mortgage lending. If there is a chance you may not have enough for the … Continue reading →

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Principle, Interest, PMI, Escrow – What’s it all About?

Posted on August 19, 2019 by Joyce Albert

This gallery contains 5 photos.


Principle and Interest The first item on your house note will be the  Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading →

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Who is a Likely Buyer for a ‘Bond for Deed’?

Posted on March 2, 2019 by Joyce Albert

. . . an important question if you are the seller So many people with poor credit want to know if they can do a Bond for Deed. The short answer? NO ….at least not with my sellers. Although I am an advocate for … Continue reading →

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Closing Costs

Posted on January 22, 2019 by Joyce Albert

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When planning to buy a home, most people save for their down payment, but give little or no thought to closing costs. . . or if a first time homebuyer, may not know what closing costs are. Closing costs are … Continue reading →

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‘Bond for Deed’ – A Type of Owner Finance

Posted on April 25, 2017 by Joyce Albert

This gallery contains 15 photos.


What is a Bond for Deed? A Bond for Deed is actually a Deed in Trust and is used as a type of owner financing. It is in fact, an interim finance program whereby the deed is held in trust by a bonded … Continue reading →

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How Much Home Can You Afford?

Posted on May 21, 2014 by Joyce Albert

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As you’ve probably seen by now, there are beautiful homes in every price range. Right? And with so many homes coming on the market every month, how can you possibly choose? Well, the answer is, take it in logical steps. … Continue reading →

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Free Credit Scores

Posted on October 9, 2011 by Joyce Albert

This gallery contains 10 photos.


… and Credit Reports Quite often people may know their credit isn’t ‘stellar’, but when thinking about buying a home, they would like to know ahead of time just how bad (or good) it is. . . and often to their surprise, they … Continue reading →

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‘Short Sale’ Tips for Sellers

Posted on July 15, 2011 by Joyce Albert
FHA financing

This gallery contains 8 photos.


Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading →

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FHA Loans

Posted on June 25, 2011 by Joyce Albert

What is an FHA loan? The word ‘loan’ is a bit of a misnomer, since Federal Housing Administration (FHA) loans are not loans at all. What the FHA does is insure loans so that lenders can offer mortgage assistance to … Continue reading →

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Pre-QUALIFICATION or Pre-APPROVAL?

Posted on June 18, 2011 by Joyce Albert

What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading →

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Loan Pre-Approval – Who needs it?

Posted on June 9, 2011 by Joyce Albert
credit score

This gallery contains 10 photos.


“If I’m not buying a repo or a ‘short sale’, why do I have to be pre-approved?”  The answer to this will quickly become obvious once you understand what it means to be a seller in today’s market. In fact, … Continue reading →

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Mortgage Choices: FHA 203k? …or HomePath Loan?

Posted on May 1, 2011 by Joyce Albert

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In this market, agents are quite often asked which is better… An FHA 203k or a Fannie Mae Homepath loan? The following is a reprint from a blog by Justin McHood who works for Academy Mortgage and is based in … Continue reading →

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Can’t Afford Your Mortgage? Read on. . .

Posted on April 16, 2011 by Joyce Albert

This gallery contains 3 photos.


Have you recently suffered a major financial loss and can no longer afford your house note? Have you already missed one or more payments and the mortgage company is stressing you out with harassing phone calls and letters? Do you … Continue reading →

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Rehab a Home with HUD’s 203k Loan

Posted on April 12, 2011 by Joyce Albert

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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading →

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Do-It-Yourself Credit Repair

Posted on April 10, 2011 by Joyce Albert

This gallery contains 6 photos.


Have you had a bankruptcy in the past? Had debts that went to ‘Collection” and were written off? Do you think because bill collectors don’t call anymore, it’s all forgotten? Wrong!!  Not only is it not ‘forgotten’, you have to … Continue reading →

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