Gary Lau's (gnl123) Blog

HVCC - Home Value Code of Conduct Starting today, May 1, 2009, Fannie Mae and Freddie Mac will begin to enforce the Home Value Code of Conduct - HVCC - to insure the independence of the appraiser and established requirements governing the selection of the appraiser, ordering the appraisal, compen...

Here are 10 government websites that cover everything about the housing industry.  Courtesy - Karen Deis - Mortgage Girlfriends - www.mortgagegirlfriends.com.     http://twitter.com/HUDFHA - As of March 20, 2009, HUD is now on Twitter-not only sharing updates, but also providing links to websites...

I know I am supposed to talk about mortgages and answer questions about them, but I had to write about the Arizona Cardinals. I am from Homewood, IL - right by Chicago - so all of my life I knew the Chicago Bears and Chicago Cubs - sorry even though I lived in the South side, I always rooted for ...

A potential customer lives in a home purchased for her by her mother and father.  The property is a land trust and the parents are the owners of this trust.  They have been gifting 12% of the trust each year to their daughter and she now is 24% owner of the trust.  The daughter would like to plac...

With the most recent chant eliminating Down Payment Assistance Programs, I thought I would pass on some general requirements pertaining to the USDA Rural Housing Program in Arizona.   Competitive Interest Rates. No downy payment required. Owner occupied only, generally, borrower may not own any o...

Home Equity Lines and loans to remodel your existing home or purchase a new home are increasingly more difficult to get approved for.  An alternative option for you might be to do an FHA 203k rehab loan. This loan will allow you to finance those much needed repairs especially if you have decided ...

Question: Can I still purchase a home at a much lower price than what I paid for mine without selling my existing home prior to closing? Answer: Yes.  However, it has gotten much more difficult to qualify for this kind of purchase.  FHA and Conventional loans now require you to have sufficient eq...

Hi Everybody!  I am attending AZ RE Blog Network lunch and training so blogging is new to me.  I would like to hear how Active Rain has helped you in your business.   Also, if you have any helpful hints and tips, I would appreciate it. Gary Lau