Home Improvement Loans
© Brooks Elliott
AmeriFirst Home Mortgage is a community mortgage banker that has more than 25 years of experience within the real estate market. AmeriFirst has recently been announced as an approved HomePath lender which will allow them to offer financing options for those purchasing a HomePath property.
"This lending scheme offers genuine potential to neighborhoods which have been shattered by large numbers of foreclosures," said Mr. Mark Jones, president of AmeriFirst.
CEO of AmeriFirst, Mr Dave Gahm said, "There are only 65 lenders across the country who offer HomePath financing, and we, AmeriFirst, are happy that we are now able to offer our customers with these new options. We have worked very hard over the past few months to become an approved HomePath lender."
© mjb84
The FHA has recently issued new guidelines for FHA-backed condo loans. To qualify for FHA-backed loans, condominium projects must be approved by these specific guidelines.
As per recent estimate at least 30 per cent of condo purchases are made with FHA-backed mortgage loans, and many homes are purchased using these loans too.
Before 2008, leasing restrictions were allowed on condominiums by FHA guidelines. But in 2008, the FHA decided not to allow leasing restrictions for FHA-backed mortgages. After many months of changing regulations and pandemonium from condominium communities, the FHA has now modified its regulations to permit certain leasing restrictions.
"If your condominium statement includes leasing restrictions, you may require examining them for fulfillment with these new regulations," said Charlotte Attorney Michael Hunter.
© nist6dh
Following the turbulence on the global financial markets in the last couple of days, lenders in the market have had a huge task of panic management. The big four SME lenders have played the most crucial part here, by reassuring small and medium businesses and telling them to stay calm. The Up Market lenders also stated that they would stick with their customers even if the economy does plunge, although it is too early to predict such things. Big-four SME lender ANZ's small business General Manager Nick Reade stated that the bank increased its lending through the GFC, and it will continue to support its customers, no matter where the economy goes. Trade experts said that the recent turmoil in the global market might affect lender's policies and decisions.