Documents Needed for Loan Applicant

● Graham Parham ● October 29, 2014 ● Loan Documentation ● No Comments

ALL BORROWERS: Copies of W-2’s for the last two years. Copies of paycheck stubs for the last 30 days (most current). Copies of checking and saving account statements for last three months (all pages). Copies of quarterly or semi-annual statements […]

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FHA 203K Rehab Program

Say you’re shopping for a new home, and you keep finding houses that are almost perfect. Maybe the carpets are old and need replacing; maybe the paint is starting to peel; maybe you need a handicap ramp installed; maybe the […]

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Adjustable-Rate Mortgages

● Graham Parham ● October 27, 2014 ● Conventional Products ● No Comments

Adjustable-Rate Mortgages An “adjustable-rate mortgage” is a loan program with a variable interest rate that can change throughout the life of the loan. It differs from a fixed-rate mortgage, as the rate may move both up or down depending on […]

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Property Investment Tips – Short Term Versus Long Term

● Graham Parham ● February 22, 2014 ● Buying an Investment Property ● No Comments

Short Term Property Investment You can make money from buying property and holding it for the short term, but this will normally involve at least one of the following conditions: Buying the property at less than market value (eg. a […]

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Specialty Programs for Investors

● Graham Parham ● November 5, 2013 ● Investor Loans ● No Comments

HRM INVESTOR REHABILITION LOAN PROGRAM Program highlights include: 20% down payment No Limit on repair amounts Fees for up 5 draws are included Single-Family Homes 30 & 15 year fixed mortgage No prepayment penalty The cost consultant fee may be […]

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Loan Disclosures

● Graham Parham ● November 5, 2013 ● Loan Process ● No Comments

Loan Package Disclosures When moving forward with a mortgage home loan a loan package will be sent to formally start the process. The loan disclosures need to be reviewed, signed, and returned as soon as possible. Without these signed disclosures […]

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Loan Process

● Graham Parham ● November 5, 2013 ● Loan Documentation Loan Process ● No Comments

Loan Process Overview The following is an overview of the home loan process when purchasing a home. The process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed […]

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