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	<title>Mortgage Blog &#187; 1) Questions for Loan Officer</title>
	<atom:link href="http://www.choicefinance.net/blog/category/loan-officer/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.choicefinance.net/blog</link>
	<description>Choice Finance®</description>
	<lastBuildDate>Fri, 06 Nov 2009 17:46:15 +0000</lastBuildDate>
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			<item>
		<title>new refinance guidelines &#124; fannie, freddie</title>
		<link>http://www.choicefinance.net/blog/2009/04/21/new-refinance-guidelines-105-ltv/</link>
		<comments>http://www.choicefinance.net/blog/2009/04/21/new-refinance-guidelines-105-ltv/#comments</comments>
		<pubDate>Tue, 21 Apr 2009 18:32:37 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/?p=215</guid>
		<description><![CDATA[Homeowners who have non-Fannie or Freddie related mortgages should contact their loan servicer’s loss mitigation department to see if special programs might be available at that institution.
With mortgage rates at record low levels, February saw a huge jump in refinances, but there should be more to come.  Fannie Mae said its refi business was three [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Should I pay down my mortgage?</title>
		<link>http://www.choicefinance.net/blog/2009/03/13/should-i-pay-down-my-mortgage/</link>
		<comments>http://www.choicefinance.net/blog/2009/03/13/should-i-pay-down-my-mortgage/#comments</comments>
		<pubDate>Fri, 13 Mar 2009 17:28:37 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2009/03/13/should-i-pay-down-my-mortgage/</guid>
		<description><![CDATA[Should I pay down my mortgage?
In the old days (much of the last century), many people stayed in their homes for 30+ years, long enough to pay off their mortgages and live mortgage-free ever after.  In the more recent past, mortgages became transient instruments, remaining in existence barely longer than a subatomic particle, long enough [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2009/03/13/should-i-pay-down-my-mortgage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>I want to refinance &amp; I have no equity</title>
		<link>http://www.choicefinance.net/blog/2009/03/05/i-want-to-refinance-i-have-no-equity/</link>
		<comments>http://www.choicefinance.net/blog/2009/03/05/i-want-to-refinance-i-have-no-equity/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 19:29:27 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2009/03/05/i-want-to-refinance-i-have-no-equity/</guid>
		<description><![CDATA[Is this you?
Visitor: I bought a condo at 220K in 2006 when the price was high. Now, the value is really depreciated, I have a conventional fixed 15 years and I would like to refinance with FHA but no appraisal since the price in 2009 is really low
Visitor: MD 20705
Choice: fha streamline w/NO appraisal is [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2009/03/05/i-want-to-refinance-i-have-no-equity/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Homeowner Affordability &amp; Stability Plan &#124; mortgage help</title>
		<link>http://www.choicefinance.net/blog/2009/02/27/homeowner-affordability-stability-plan-mortgage-help/</link>
		<comments>http://www.choicefinance.net/blog/2009/02/27/homeowner-affordability-stability-plan-mortgage-help/#comments</comments>
		<pubDate>Fri, 27 Feb 2009 14:33:13 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2009/02/27/homeowner-affordability-stability-plan-mortgage-help/</guid>
		<description><![CDATA[The Homeowner Affordability and Stability Plan was signed into law on Feb 17th, 2009.
COMING VERY SOON
We are working hard to put this into play for homeowners. 
This plan is designed to help:
1)  Loan modification&#8211; Borrowers who are at risk of foreclosure or with high debt-to-income ratios for qualifying may re-structure their current mortgage through a loan [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2009/02/27/homeowner-affordability-stability-plan-mortgage-help/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Mutual respect for your Loan Officer</title>
		<link>http://www.choicefinance.net/blog/2009/02/25/mutual-respect-for-your-loan-officer/</link>
		<comments>http://www.choicefinance.net/blog/2009/02/25/mutual-respect-for-your-loan-officer/#comments</comments>
		<pubDate>Wed, 25 Feb 2009 23:56:52 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2009/02/25/mutual-respect-for-your-loan-officer/</guid>
		<description><![CDATA[Mutual respect when refinancing your mortgage 
A new but old problem has popped up again in the mortgage industry due to the volatility of rates.  When to lock in your rate..and honoring that lock once it has been done.  Loan Officers should be telling not selling in my opinion.  When speaking to a prospective client, they should [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2009/02/25/mutual-respect-for-your-loan-officer/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Do I refinance now? or wait and see&#8230;</title>
		<link>http://www.choicefinance.net/blog/2009/02/25/do-i-refinance-now-or-wait-and-see/</link>
		<comments>http://www.choicefinance.net/blog/2009/02/25/do-i-refinance-now-or-wait-and-see/#comments</comments>
		<pubDate>Wed, 25 Feb 2009 23:32:25 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2009/02/25/do-i-refinance-now-or-wait-and-see/</guid>
		<description><![CDATA[Do I refinance now or do I wait and see what the market does? That is the question being asked by borrower’s everyday, and the answer is simple. If you’re happy with the rate and payment based on today’s rates, take it and run.
Mortgage rates are as volatile as they have ever been, with rate [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2009/02/25/do-i-refinance-now-or-wait-and-see/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>your Virginia refinance..</title>
		<link>http://www.choicefinance.net/blog/2008/12/31/your-refinance/</link>
		<comments>http://www.choicefinance.net/blog/2008/12/31/your-refinance/#comments</comments>
		<pubDate>Wed, 31 Dec 2008 17:22:29 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/12/31/your-refinance/</guid>
		<description><![CDATA[email sent to a client
Attached is an estimate for your review so you can see what’s involved.  I estimated worse case scenario for everything.  As we get closer we’ll modify #’s and loan amount so it has you bringing to settlement close to what you want to bring.   I put 145/month for both insurances; homeowner’s [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/12/31/your-refinance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Virginia 2009 mortgage loan limits, Fannie Mae Freddie Mac</title>
		<link>http://www.choicefinance.net/blog/2008/12/22/virginia-2009-fannie-mae-loan-limits-jumbo-conforming/</link>
		<comments>http://www.choicefinance.net/blog/2008/12/22/virginia-2009-fannie-mae-loan-limits-jumbo-conforming/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 22:50:17 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/12/22/virginia-2009-fannie-mae-loan-limits-jumbo-conforming/</guid>
		<description><![CDATA[2009 VIRGINIA Jumbo-conforming (FNMA) and Super Conforming (FHLMC) limits
Fannie Mae and Freddie Mac
Fannie Mae single-family mortgage loan limits  &#124;  Freddie Mac higher conforming loan limits
Maryland mortgage limits &#8212; Florida mortgage limits
FHA mortgage limits
-
$417,000 ACCOMACK,
$437,000 ALBEMARLE, VA
$417,000 ALLEGHANY, VA
$535,900 AMELIA, VA
$417,000 AMHERST, VA
$417,000 APPOMATTOX, VA
$625,500 ARLINGTON, VA
$417,000 AUGUSTA, VA
$417,000 BATH, VA
$417,000 BEDFORD, VA
$417,000 BLAND, VA
$417,000 BOTETOURT, VA
$417,000 BRUNSWICK, VA
$417,000 BUCHANAN, [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/12/22/virginia-2009-fannie-mae-loan-limits-jumbo-conforming/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>No closing costs refinance</title>
		<link>http://www.choicefinance.net/blog/2008/12/11/no-closing-costs-refinance/</link>
		<comments>http://www.choicefinance.net/blog/2008/12/11/no-closing-costs-refinance/#comments</comments>
		<pubDate>Thu, 11 Dec 2008 22:58:32 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[MD no closing costs mortgage refinance]]></category>
		<category><![CDATA[VA zero fees refinance]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/12/11/no-closing-costs-refinance/</guid>
		<description><![CDATA[No closing cost refinance
With fixed rates so low right now, many homeowners are doing a refinance where the Lender pays all the closing costs.  If you are currently at 6.250% on your mortgage, and you can get .250% or more lower, for free&#8230; why not? 
Some quick rough math; if I owe $300,000 and I save [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/12/11/no-closing-costs-refinance/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>Low down payment mortgages, FHA &#124; 100% VA, USDA</title>
		<link>http://www.choicefinance.net/blog/2008/12/02/low-down-payment-mortgages-va-usda/</link>
		<comments>http://www.choicefinance.net/blog/2008/12/02/low-down-payment-mortgages-va-usda/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 22:18:21 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[Maryland 100% financing]]></category>
		<category><![CDATA[No down payment MD VA DC]]></category>
		<category><![CDATA[USDA loan Maryland]]></category>
		<category><![CDATA[VA Maryland mortgage]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/12/02/low-down-payment-mortgages-va-usda/</guid>
		<description><![CDATA[
 The state of low-downpayment mortgages
There was a time when 100% financing (no-downpayment) mortgage loans were plentiful.  Lenders now want borrowers to have cash on the line when they buy a home.  This is now, once again, the major stumbling block for first-time homebuyers who have been unable to save for a downpayment.
Veteran homebuyers (including qualifying reservists [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/12/02/low-down-payment-mortgages-va-usda/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>USDA, Guaranteed rural housing program- Maryland, Virginia..</title>
		<link>http://www.choicefinance.net/blog/2008/11/25/usda-guaranteed-rural-housing-program-maryland-virginia/</link>
		<comments>http://www.choicefinance.net/blog/2008/11/25/usda-guaranteed-rural-housing-program-maryland-virginia/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 22:12:35 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[MD USDA rural housing program 100% financing]]></category>
		<category><![CDATA[VA rural housing 100% USDA mortgage]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/11/25/usda-guaranteed-rural-housing-program-maryland-virginia/</guid>
		<description><![CDATA[GRH USDA mortgage program &#124; MD, VA, DE, FL, more..
Some key features of this program include:
-  No private mortgage insurance (pmi).  This is huge!
Also, VA loans have a funding fee, and this program has a Guaranteed Fee that can also be financed into the loan.
- 6% seller help/credit is allowed
- No minimum contribution from your own [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/11/25/usda-guaranteed-rural-housing-program-maryland-virginia/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Credit card and debt settlement &#124; reduce payments</title>
		<link>http://www.choicefinance.net/blog/2008/11/19/credit-card-and-debt-settlement-reduce-payments/</link>
		<comments>http://www.choicefinance.net/blog/2008/11/19/credit-card-and-debt-settlement-reduce-payments/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 16:45:10 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[Maryland consolidate credit card debt payments]]></category>
		<category><![CDATA[What if I can't refinance?]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/11/19/credit-card-and-debt-settlement-reduce-payments/</guid>
		<description><![CDATA[Debt Relief &#124; Debt reduction &#124; Debt consolidation
These programs are very popular right now.  Odds are you&#8217;ve heard or seen a commercial for them.  Choice Title, Inc. and Debt Relief Center, Inc. offer you a debt settlement option, and we will be happy to discuss a game plan to help you.
-
What is DEBT RELIEF?
Debt relief is a [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/11/19/credit-card-and-debt-settlement-reduce-payments/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Debt relief, debt settlement and consolidation MD VA DC</title>
		<link>http://www.choicefinance.net/blog/2008/11/18/debt-relief-debt-settlement-and-consolidation-md-va-dc/</link>
		<comments>http://www.choicefinance.net/blog/2008/11/18/debt-relief-debt-settlement-and-consolidation-md-va-dc/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 17:56:57 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[Maryland debt settlement consolidation relief]]></category>
		<category><![CDATA[Virginia debt relief settlement consolidation]]></category>
		<category><![CDATA[Washington D.C. debt consolidation relief]]></category>
		<category><![CDATA[What if I don't qualify for a refinance?]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/11/18/debt-relief-debt-settlement-and-consolidation-md-va-dc/</guid>
		<description><![CDATA[What is Debt Relief?
Current buzz words gaining popularity right now are the terms for the debt settlement programs out there.
“You Didn’t Get Into this Problem Overnight and We Can&#8217;t Fix the problem Overnight but…&#8221;
If you don’t take that first step what are you going to do?  Most likely, you are making minimum payments on your [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/11/18/debt-relief-debt-settlement-and-consolidation-md-va-dc/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Qualifying with rental income</title>
		<link>http://www.choicefinance.net/blog/2008/11/06/qualifying-with-rental-income/</link>
		<comments>http://www.choicefinance.net/blog/2008/11/06/qualifying-with-rental-income/#comments</comments>
		<pubDate>Thu, 06 Nov 2008 17:22:55 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[approval for Virginia rental]]></category>
		<category><![CDATA[qualify for Maryland investment property]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/11/06/qualifying-with-rental-income/</guid>
		<description><![CDATA[Qualifying with rental income
If you are qualifying a borrower with rental income from their investment properties, you must use what is declared on their tax returns as opposed to what their lease states.  The only time you can use the income from a lease is if the property was acquired subsequent to filing and would [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/11/06/qualifying-with-rental-income/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Financing a renovation or remodeling project</title>
		<link>http://www.choicefinance.net/blog/2008/10/02/financing-a-renovation-or-remodeling-project/</link>
		<comments>http://www.choicefinance.net/blog/2008/10/02/financing-a-renovation-or-remodeling-project/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 15:28:57 +0000</pubDate>
		<dc:creator>loan officer</dc:creator>
				<category><![CDATA[1) Questions for Loan Officer]]></category>
		<category><![CDATA[2) General]]></category>
		<category><![CDATA[maryland rehab financing]]></category>
		<category><![CDATA[md rehab loan]]></category>
		<category><![CDATA[va rehab loan]]></category>
		<category><![CDATA[virginia rehab financing]]></category>

		<guid isPermaLink="false">http://www.choicefinance.net/blog/2008/10/02/financing-a-renovation-or-remodeling-project/</guid>
		<description><![CDATA[
Rehab/renovation/remodel financing
Simply put – the housing market has changed.  Buying a home today requires a larger investment, better credit history, solid reserves and verifiable value.  Lenders want to avoid risk.  The area where you can see this most clearly is with existing homes that either need rehab or renovation or require a basic change in [...]]]></description>
		<wfw:commentRss>http://www.choicefinance.net/blog/2008/10/02/financing-a-renovation-or-remodeling-project/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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