Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate - NMLS #151088
RECENT BLOG POSTS
The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits.  Conforming loan limits, which had been...
07/10/2011
The Housing and Economic Recovery Act of 2008 raised the maximum conforming loan limit in the contiguous United States, the District of Columbia and Puerto Rico to as high as $729,750.  Of course, most counties across the country saw much lower loan limits.  Conforming loan limits, which had been...
07/10/2011
When looking for comps, its critical that the agent understands exactly what IS and IS NOT a valid comp. In order for your comps to be usable they should be in the same neighborhood, size, style ( ranch=ranch, split = split), age price range, buying area etc.  Understanding this one sentence prev...
07/07/2011
How Do Delinquent Homeowners Association (HOA) Dues Affect FHA Mortgages? As part of the FHA condo project approval process, various aspect of the Home Owner's Association must be evaluated.  One such aspect is the delinquency rate of the current owners.  FHA guidelines require that no more than ...
07/03/2011
Live Foreclosure Alternatives Certification EventPresented by AssetPlanUSA | Powered by Prospect Mortgage & Dickinson Gilroy LLC What worked in the past won't work in today's market! Create your own differentiating factor!This is a full solution education and training event: Certified HAFA Speci...
07/01/2011
In an attempt to reduce the increasing number of foreclosures, the U.S. Treasury Department introduced a new federal program last year help to streamlines the short sale process.  The program is designed to help home owners who can no longer afford to keep their homes. The Home Affordable Foreclo...
07/01/2011
For the HomePath® Renovation Mortgage program, financing is available on 1-4 unit residences.  Eligible Properties for HomePath® Renovation: 1-4 Unit Primary Residence 1 Unit Second Home 1-4 Unit Investment Properties The maximum loan to value does vary based on the occupancy and the number of un...
07/01/2011
Deborah makes many great points regrading the FHA 203K Renovation mortgage program.  The FHA 203K is a great loan program.  The reasons for opposing them are pretty much what Deborah mentions below.  One reason that many real estate agents want to run from them is based on a prior experience if t...
06/10/2011
HomePath Renovating Financing is Here!!!! Prospect Mortgage is now one of the few lenders across the country to offer the HomePath Renovation financing option for Fanne Mae REO properties in Alabama.  HomePath mortgages are only available for select Fannie Mae REO properties.  Eligible HomePath p...
05/14/2011
HomePath Renovating Financing is Here!!!! Prospect Mortgage is now one of the few lenders across the country to offer the HomePath Renovation financing option for Fanne Mae REO properties in Georgia.  HomePath mortgages are only available for select Fannie Mae REO properties.  Eligible HomePath p...
05/14/2011
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Rodney Mason

AL, GA, SC, & TN
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