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Sam Jones

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Email: samjones@hotmail.com

Recent Articles

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Standards announced by HUD for state licensing with SAFE ACT

HUD or the U.S. Department of Housing and Urban development announced a plan to set the minimum standards states must meet in order to comply with the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act). This...
12/18/2009, 11:52 AM by Sam Jones
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FHA loan ceilings clarified

There has been a lot of pressure from consumers and real estate brokers in areas where home prices are exceptionally high to raise the maximum limit of FHA-insured loans. FHA and the Department of Urban Development (HUD) have tried to...
12/9/2009, 05:12 PM by Sam Jones
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Changes in home appraising field

The home appraising field is in a state of transition, as more home sellers and buyers rely on brokers to help establish current market values (usually by researching sales prices of comparable properties) or using home value generating Web sites...
11/15/2009, 05:38 PM by Sam Jones
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Buyer incentives that work


Today’s home buying market – still a “buyer’s market” – is producing a variety of gimmicks or incentives to attract qualified buyers. A study recently focused on those incentives and identifying ones that worked most effectively. When...
11/14/2009, 05:17 PM by Sam Jones
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The rise of the 40 year mortgage

If you are looking for less risky loan products there is finally options for those who want lower payments.  The 40 year mortgage provides borrowers with an alternative to interest only and adjustable rate mortgages.  Borrowers were initially turned-off by...

11/14/2009, 10:34 AM by Sam Jones
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50 year mortgage - new kid on the block

Following close on the heels of the interest-only mortgage, the fifty-year adjustable rate mortgage (ARM) is the new kid in the in-crowd of specialized loans. Just as it sounds, this is a loan which has an end date fifty years...
11/14/2009, 10:10 AM by Sam Jones
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Your general FHA guide and requirement

FHA loan guidelines are generally more lenient than those of conventional lenders. The Federal Housing Administration is a government program administered by Housing and Urban Development (HUD) to help Americans who can't qualify for a conventional loan to become homeowners....
11/7/2009, 03:23 PM by Sam Jones
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FHA Revitalization Bill moving forward

The FHA Revitalization Bill, now working its way through Congress with the president’s strong support, will empower the Federal Housing Administration to make changes that will open the door wider to families wanting to purchase their own home. It will...
11/7/2009, 03:21 PM by Sam Jones
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Why FHA Home Loan?

If you would like to own your own home, but don’t have a substantial income, then an FHA home loan may be a good option for you. FHA loans are designed with the average citizen in mind giving them the...
11/7/2009, 03:17 PM by Sam Jones
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FHA Requirements

FHA loan requirements are generally more lenient than those of conventional lenders. The Federal Housing Administration is a government program administered by Housing and Urban Development (HUD) to help Americans who can't qualify for a conventional mortgage loan and become...
11/7/2009, 03:14 PM by Sam Jones
 
 
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