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Vonda's views | Georgia Mortgage News and other Stuff | vondakay.wordpress.com Reviews

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Georgia Mortgage News and other Stuff (by Vonda Henry)

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1

Reverse Mortgages | Vonda's views

https://vondakay.wordpress.com/2011/06/27/reverse-mortgages

June 27, 2011. Filed under: Down payment Assistance. Most people don’t know but Reverse Mortgage can be used to purchase a home. It is called a Home Equity Conversion Mortgage, or HECM. This allows seniors to purchase a new home with the equity from their current home. Seniors can use up to $625,500.00 plus the d0nt have to sell their current home. To qualify for the program’s reverse mortgage. A senior, age 62 or older, must:. Agree to live in the house as a primary residence. Leave a Reply Cancel reply.

2

Down Payment Assistance in Atlanta | Vonda's views

https://vondakay.wordpress.com/2012/04/26/down-payment-assistance-in-atlanta

Down Payment Assistance in Atlanta. April 26, 2012. Filed under: Down payment Assistance. In Atlanta, Invest Atlanta leads the pack in down payment assistance, in fact other than Georgia Dream, there is no other source for down payment assistance in Atlanta (I excluded NSP funds because you have to buy a NSP house to get those funds). I have been getting a lot of questions on down payment assistance programs, so here are some of the answers:. 1) What is it? 2) How much money can a buyer receive? 5) Can t...

3

FHA Loan Limits May Decrease | Vonda's views

https://vondakay.wordpress.com/2011/07/18/fha-loan-limits-may-decrease

FHA Loan Limits May Decrease. July 18, 2011. Did you know the current loan limits where temporary and will decrease October 1, 2011 unless the Congress extend the limits? FHA loan limits restrict the size of mortgages that can be insured by the Federal Housing Administration (FHA). Prior to 2008, the National Housing Act, as amended in 1998 Mortgagee Letter 1998-28, required that FHA mortgage limits be set at 95 percent of the median house price in that area. Leave a Reply Cancel reply. Or Search this way.

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City of Atlanta–Neighborhood Stabilization Program (NSP) | Vonda's views

https://vondakay.wordpress.com/2009/10/13/city-of-atlanta-neighborhood-stabilization-program-nsp

City of Atlanta–Neighborhood Stabilization Program (NSP). October 13, 2009. The idea of the Neighborhood Stabilization Program was to help neighborhoods get foreclosed houses, the average homeowner won’t, renovated and back on the market. The job of getting this done was to give it mostly to non-profit companies called CDCs. Why were non-profits mostly awarded the NSP funds? Do we really need the government to spend more on properties that the market will purchase on it own? So my decision was made, sinc...

5

Credit Card Fee Changes | Vonda's views

https://vondakay.wordpress.com/2010/02/22/credit-card-fee-changes

Credit Card Fee Changes. February 22, 2010. On 2/22/10, credit card issuers are going to see some of the fees they currently charge you and me disappear. But don’t feel bad for them, I am sure they will implement fee that are not address in the Credit Card Accountability, Responsibility and Disclosure Act of 2009 otherwise known the Credit CARD act. The following are some of the major changes:. 3) Over the limit charge are no longer permissible. 8) Statements are to be paid at least 21 days prior to the ...

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Vonda's views | Georgia Mortgage News and other Stuff

Atlanta Affordable Homeownershop Program (AAHOP). April 30, 2012. Filed under: Down payment Assistance. As I mentioned last week, Invest Atlanta is a MAJOR Player, in the down payment assistance arena for the City of Atlanta. Invest Atlanta started with several types of down payment assistance but now they are down to three :. Neighborhood Lift, which I told you about last week. Atlanta Affordable Homeownership Program (AAHOP). Vine City/English Avenue Trust Fund. 2) Who is eligible? Yes, there is. The b...

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