Gabe Libutti McLean Mortgage Corporation

6 ways to ensure a remodeling project pays off   Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from R...

Nab a real estate deal - while you still can   If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move. While home prices remain low, they're no longer free-falling in most markets. Mortgage...

Who said Jumbo Financing is Dead? Gabriel Libutti is closing them as fast as they come in. Look at these American Home Bank Guidelines! Construction to Permanent Loans • 80% LTV / CLTV Purchase and Rate and Term Refinances • 80% LTV / CLTV Cash Out Refinance • 75% LTV / CLTV o Cash out limited t...

6 ways to ensure a remodeling project pays off! Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Re...

Are you looking to purchase a home in a rural community, but wondering where to begin looking for help with a home mortgage? Good news! The U.S. Dept. of Agriculture (USDA) has developed a home loan guaranty program that can help you find a lender and obtain a home loan mortgage. The USDA Rural D...

Happy New Year to the Active Rain Community! I wanted to offer my services to anyone needing a 203K loan nationwide.  In case you are unfamiliar 203K loans are useful for many reasons that include: HUD REO's that are un-insurable as -is. REO's sold as-is. Properties that have deferred maintenance...

The federal mortgage insurer's reserve fund has slipped below its mandated minimum. Now the FHA and some lawmakers want to raise up-front costs for borrowers. Should it be more expensive to get a mortgage insured by the Federal Housing Administration? That is the question the House Financial Ser...

Option ARMs: Housing recovery killer? An explosion of foreclosures will result from option ARMs set to reset to higher payments. Rates provided by Bankrate.com. NEW YORK (CNNMoney.com) -- Option-ARMs: File under, "It sounded good at the time." These exotic mortgages allowed homebuyers to come to ...

Home prices climb for 2nd straight quarter S&P/Case-Shiller index shows prices up 3.1% from 3 months earlier, but down nearly 9% from a year ago. NEW YORK (CNNMoney.com) -- Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing...

Home renovations on sale Materials costs are plunging, and contractors are begging for work. Suddenly that long-postponed remodel is looking like a smart idea. (Money Magazine) -- If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rot...