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Christopher G Burns - EzineArticles.com Expert Author
Christopher Burns is Owner and principle broker of Florida based Five Stars Mortgage, LLC. He is responsible for managing the residential and commercial loan officers of the mortgage company and has many years of experience in both fields.
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Christopher G Burns Email Alerts
- How to Get FHA Financing With 580 Middle Score
[Finance:Loans] In FLorida, FHA loans are extremely popular. Most lenders require a 620 middle score, but it's still possible to get an FHA loan with a 580 middle score.
- $8000 Incentive No Longer Available December 1st 2009
[Real-Estate:Buying] The $8000 tax credit has been a boon to first time home buyers. With the economy turning around it is unlikely to be stretched past the December 1% deadline of this year.
- Fed Lower Rate With .75% Cuts
[Finance:Loans] A buyer even with bad credit is able to get 100% financing on a 5.5% 30 year fixed loan. Due to the buyers market we are seeing the seller pay for all closing costs including home owners insurance and other recurring costs so that buyers are literally getting into houses with no money out of pocket at all!
- $700B Bailout? Lets Call it What it Is - A Stimulus Package
[News-and-Society:Economics] This is no bailout of Wall Street that we are dealing with. This is a bailout of our entire economy and possibly even the global economy. This credit crisis has reached critical mass in record time.
- What Does a Government Take Over of Fannie & Freddie Mean For the Average American?
[Finance] So the inevitable has finally happened. A few months back the government authorized themselves the power to take over Fannie Mae and Freddie Mac "should the need arise". Yesterday the government finally pulled the trigger on their carefully planned take over of the mortgage giants that are responsible for about $6 trillion dollars in mortgage debt between the two of them.
- The Benefits of a VA Loan
[Finance:VA-Loans] VA loans are one of the few remaining true 100% programs still available in the market today. This is an incredible assets since the financial meltdown of 2007-2008 has left this area of the market with a vacuous void. These Loans allow the buyer to finance not only 100% of the purchase price, but also the VA funding fee as well.
- Weighing the Pros and Cons of a Cash Out Refinance
[Real-Estate:Mortgage-Refinance] Overall one typically cashes out to pay off other debts and consolidate them for monthly savings. Some people just want to have extra cash to do remodeling projects or to take a dream vacation. The reasons for cashing our on your home are as varied as the families that take out the loans!
- 100% Financing With Bad Credit in 2007-2008
[Finance:Loans] At the end of 2006 and the start of 2007 the mortgage and real estate industry as a whole experienced the biggest downward spiral in decades. The real estate market finally peaked after several years of record breaking rising values. As always happens in the real estate market, the values rose to a point beyond that which the average home buyer could tolerate.
- Hard Money Commercial Loans Revealed!
[Finance:Commercial-Loans] In the lending industry the term hard money is thrown around a lot. To understand what it is today we need to look at where they came from and how they have evolved over time.
- What is a Bad Credit Mortgage Loan?
[Finance:Home-Equity-Loans] A bad credit mortgage is no different from an ordinary mortgage except for the fact that it's given to people having a bad credit history. A mortgage serves as a boon for people having a poor credit history that could have happened due to non payment of debts in time, bankruptcy, black mark from any credit agency, court cases, or even in accurate information or credit fraud. These mortgages are also referred to as adverse credit mortgage, sub prime mortgage, non standard mortgage, poor credit mortgage or credit impaired mortgage.
- Is The Current Mortgage Crisis A Bad Thing?
[Real-Estate:Mortgage-Refinance] This crisis may be exactly what the doctor has ordered for this industry and for the average consumer. I will explain in detail how this crisis is improving things for the average consumer in measurable ways.
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