Sue's Blog

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Mortgage and Lending - Waterstone Mortgage Corporation
RECENT BLOG POSTS
Of Potential Benefit to Those in Financial Distress   WASHINGTON -- Veterans with conventional home loans now have new options for refinancing to a Department of Veterans Affairs (VA) guaranteed home loan. These new options are available as a result of the Veterans' Benefits Improvement Act of 2...
10/29/2008
If you are familiar with the 2/1 buydown program, you know that rates are 2% less the first year, 1% less the second year and stabilize at the end rate for years 3 through 30.  This is a FIXED RATE mortgage that allows a buyer to have an interest rate of 4.75% the first year, 5.75% the second yea...
10/29/2008
As one of the approved lenders on HUD's Hope 4 Homeowner's website, we have been inundated with phone calls from homeowners who are either (a) in foreclosure, (b) close to having a foreclosure action filed on them, or (c) struggling to pay their mortgage because of the current economic CRISIS we ...
10/28/2008
**Disclaimer: I am not an attorney and any legal advise must be given by a member of your state's BAR association.  Please clarify this information with someone in your state! I have had conversations lately with some attorneys who have given me a little bit of detail about the FAIR DEBT COLLECTI...
10/28/2008
If you are a Realtor® with a client, or you are a prospective real estate buyer, the USDA Rural Housing loan is a great program!  It is one of the last truly "no money down" program and allows closing costs the the seller isn't paying to be included in the loan amount! The areas that are eligible...
10/22/2008
  While it may be tempting to choose a loan officer and lender strictly based on the lowest-quoted interest rate, it is recommended that the decision be prioritized by a different standard - their reputation. As the loan officer to provide you with testimonials from past clients, as well as ancil...
10/20/2008
Florida has gotten the reputation for being "the foreclosure capital of the nation".  What they don't tell you is that the basis of this "fact" is the the Lis Pendens filing, which is the first step in the foreclosure process. A Lis Pendens is file and it can take 6, 8, 12 8, and even 24 months ...
10/19/2008
As of today, the funds for Fiscal Year 2009 for the USDA Guaranteed Rural Housing program are available in all 50 states! USDA Rural Development loans are guaranteed by the buyers paying a 2% funding fee but the appropriation of the funds are done by Congressional appropriation. Each year, the f...
10/17/2008
Florida FHA Loan Limits   MSA Name County Name Single-Family GAINESVILLE, FL (MSA) ALACHUA $204,440 JACKSONVILLE, FL (MSA) BAKER $294,500 PANAMA CITY-LYNN HAVEN, FL (MSA) BAY $251,750 NON-METRO BRADFORD $200,160 PALM BAY-MELBOURNE-TITUSVILLE, FL (MSA) BREVARD $221,350 FORT LAUDERDALE-POMPANO BEAC...
10/14/2008
Most of my posts are on the USDA Guaranteed Rural Housing Mortgage program. This is a mortgage program that gives 100% financing, including, if necessary, the funding fee, closing costs, and prepaids to enable a buyer to get in a house with absolutely no money down. This program is one in which t...
10/14/2008
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Sue Botelho

USDA Rural Housing Mortgage Pro
local_phone8(503) 626-9012
smartphone(850) 797-7946
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