Author Archive

Andrew Adams,

andrewadams

1. 

   Renovation Financing: Homepath Vs. FHA 203(K) Streamline Part II

   My previous blog suggested that the Homepath Renovation loan can be a better option than a 203K streamline.  Which I still believe but wanted to go …More

   Costs and Fees By Andrew Adams Nov. 29 3 Responses
2. 

   Renovation Financing: Homepath Renovation Vs. FHA 203K Streamline!

   Since FHA decreased the UFMIP (up front mortgage insurance) premium and increased the Monthly MI (mortgage insurance) premium, I have seen an uptick in the number …More

   Finance By Andrew Adams Nov. 19 8 Responses
3. 

   Renovation Financing: And FHA Condo Approvals!

   No doubt that the mortgage industry has become more cumbersome over the past few years..The key to smooth sailing is working with seasoned professionals that understand …More

   Uncategorized By Andrew Adams Jul. 13 No Responses
4. 

   Renovation Financing: Deffered Maintenance Welcome

   It wasn’t too long ago that FHA financing was something brokers discouraged folks from obtaining.  We have all heard it “FHA loans are too difficult” and “FHA …More

   Uncategorized By Andrew Adams Jun. 28 2 Responses
5. 

   Renovation Financing: Homepath Renovation

   I am thrilled to say that as of today Salem Five has been approved to originate Homepath Renovation loans and thought it would be a good …More

   Approval/Qualification Process By Andrew Adams Apr. 27 3 Responses
6. 

   Renovation Financing: "Self Help" Pitfall

   I spoke with a “Self Help” borrower I closed on about a month back and after the conversation it dawned on me….One of the reasons so many …More

   Uncategorized By Andrew Adams Apr. 7 No Responses
7. 

   Renovation Financing: Would you invest $2,500, if in 6 month you would be handed $29,000?

   I don’t know about you…But I would… That has been the average return on the additional closing costs associated with a renovation 203K loans that I …More

   8000 tax credit By Andrew Adams Mar. 12 No Responses
8. 

   Renovation Financing: East meets West….

   A fellow blogger on Mortgages Unzipped (Brian Brady) posed a great question on a previous blog post: “In Southern California, there are many requests for solar panel financing. …More

   FHA Loans By Andrew Adams Feb. 3 11 Responses
9. 

   Renovation Financing: Knock…Knock…Investment Opportunity?

   I by no means think that folks should be looking at real estate solely as an investment. First and foremost you need to think of real …More

   Refinance By Andrew Adams Jan. 25 2 Responses
10. 

    Title Seasoning on FHA loans Temporarirly Waived!

    Starting 2/1/2010 Hud is issuing a waiver to the 90 day flipping rule! One of the hurdles for folks that are buying and renovating distressed properties …More

    FHA Loans By Andrew Adams Jan. 15 No Responses