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Creative Financing 101
http://creativefinancing101.com/
CreativeFinancing101.com is the premier consumer guide for non-traditional lending information. Check out our in-depth posts on seller financing, hard money loans, peer-to-peer lending, non-conforming bank loans, and FHA programs.
Recent Posts
Mortgage Rates Climbing
Mortgage rates have been slowly increasing, recently rising for the second week in a row. The Los Angeles Times reports: ” The average rate for a 30-year fixed mortgage was 4.86% this week, up from 4.84% last week, mortgage company Freddie Mac ...
FHA 203(k) Loans Require Patience
The FHA 203(k) loan is a rather unique mortgage because it allows homeowners to borrow more than the property is currently worth for home renovations. However, the FHA 203(k) has quite a bit of paperwork and many professionals believe that too many b...
Mortgage Applications Increase
Applications for conventional home loans increased last week, likely a result of record low rates. Bloomberg reports: “The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan increased 4.7 percent to 1,...
Congressman Fights to Change Mortgage Industry
New legislation may make it more difficult for anyone to take out a loan, particularly those in unconventional circumstances. Congressman Barney Frank is currently pushing legislation that would require banks to hold on to at least a portion of each ...
The Jumbo Mortgage is Back
During the past year, it’s been difficult to take out a “jumbo mortgage” - i.e. a home loan that exceeds the limits set by Fannie Mae and Freddie Mac. Many buyers looking at higher-end properties have struggled to find lending solut...
California Realtors: Lose Your Job? We’ll Pay Your Mortgage
Here’s an interesting new incentive from the California Association of Realtors: if you buy a home through them, they’ll pay your mortgage for up to six months if you get laid off. The San Francisco Chronicle reports: “CAR’s o...

