The National Flood Insurance Program was developed by congress address both the need for flood insurance and the need to lessen the devastating consequences of flooding.
The program was set to expire today September 30th 2008 but was passed earlier this week for another 6 months by the House of Representatives and must still be signed by President George W. Bush.
This is a temporary measure due to the simple fact of not coming to a permanent agreement in whether we need to add wind coverages to flood insurance and finding a solution to the programs debt.
The National Flood Program is a federal law that requires you to get Flood Insurance if you are in a FEMA classified Flood Zone.
Below are the following Flood Maps for the Tidewater area:
______________________________________________________ Thanks for checking out my blog! Feel free to leave a comment or subscribe, much appreciated! Just-In-Time Loans - Mortgage Needs and Advice on Time. (757) 692-3464
Blog Action Day October 15th 2008 (http://blogactionday.org/)
Blog Action Day is an annual nonprofit event that aims to unite the world’s bloggers, podcasters and videocasters, to post about the same issue on the same day. Their aim is to raise awareness and trigger a global discussion.
The Purpose Of Blog Action Day [Video here]
The goal is to create a world wide awareness on a different topic each year through the power of blogging. Blogs are a great promotion, communicator and resource of information. What better way to help promote this years topic by contributing a blog to this cause.
No Excuses. You don't have to donate money or even run in a marathon. All you have to do to spread awareness is write a blog on the topic for that day.
2007 over 20,000 Bloggers participated in the Environment movement. Over 14 million readers world wide on that day! Let's double those numbers in 2008!
One Issue, Thousands of Voices - Poverty -
Global issues like POVERTY are extremely complex. There is no simple, clear answer. By asking thousands of different people to give their viewpoints and opinions, Blog Action Day creates an extraordinary lens through which to view these issues and triggering a chain reaction of increased and positive movement throughout the world as a collective!
Join me in participating
I am very excited to participate this year and what a wonderful way to bring your blogging skills to the next level, a good cause!
Register your blog. Grab the tracking code. Post your blog and include tracking code on October 15th 2008.
Now the people at Blog Action want you to keep your poverty post within your field. My field of finance will be easy to incorporate and I am sure Real Estate Agents field will be easy to include as well. Any field can find someway to include a poverty article in there.
Still not convinced, how about a FREE backlink?
If doing something for a good cause is still not enough, how about a free backlink for all you SEO buffs out there who want more exposure. Once you register your blog, your blog will be listed in the Blogroll.
Are you in? I am!
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As always thanks for checking out my blog, feel free to leave a comment and have a great day!
Just-In-Time's Word on the Good Cause
As a reminder the new change from Department of Housing and Urban Development (HUD), the upfront mortgage insurance premiums (UFMIP) on Federal Housing Administration (FHA) loans will revert back to a flat fee, effective with case numbers assigned on or after Oct. 1 2008.
Upfront MIP factors effective with case numbers assigned on or after Oct. 1, 2008, are as follows:
Sections of the Act NOT impacted:
This will definitely help with borrowers who were high risk based and paid 2% plus. These changes are all part of Bush's proposed plan of The Housing and Economic Recovery Act of 2008.
If you have any further questions or comments please feel free to contact me.
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Thanks for checking out my blog! Feel free to leave a comment or subscribe, much appreciated!
Just-In-Time Loans - Mortgage Needs and Advice on Time. (757-692-3464)
VHDA is Virginia's State Finance Company which more can be found here in my previous blog.
With the Down Payment Assistance programs being eliminated here shortly, there are very few true 100% loan programs out there.
There is hope though, VHDA has a loan program called FHA PLUS which is VHDA financed and FHA insured designed to help First Time Home-buyers gain home-ownership.
Contact your local mortgage professional who is licensed for VHDA loans. (I am in the Virginia Beach Area and fully licensed)
Here is a quick overview of the loan
Also there is a way around not being a First Time Home Buyer to take advantage of the VHDA Loan. Certain targeted areas qualifies for a waiver as a First Time Home Buyer.
Follow the link to find if a certain area qualifies Targeted Areas
If you have any more questions regarding about VHDA financing please don't hesitate to call me your local VHDA Expert.
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Just-In-Time Loans - Mortgage Needs and Advice on Time. (757-692-3464)
Military Mortgage Progam - VA Loan Quick Tip
When calculating income used to qualify for a VA Mortgage, make sure you are working with a Mortgage Expert that can analyze your income correctly.
Many mortgage professionals fail to calculate the correct income on LES Statements.
A LES statement is a Leave and Earnings statement. This is the best summary of all income.
The 3 main entitlements on the LES are Base Pay, BAS and BAH.
Your Base Pay should NOT BE THE ONLY income to qualify for a house. If just your base pay is used you could lose out on purchasing a higher value.
More information regarding military pay can be found here http://www.defenselink.mil/militarypay/pay/
Thanks for reading another quick tip by me and hope to see you again!
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Just-In-Time Loans - Mortgage Needs and Advice on Time. (757-692-3464)
Rely on me for 5+ years experience as your own Personal Mortgage Consultant for life. I still have no fico score loans and I am always available for all your financing needs. Text & Cell Ok!
I have been a Loan Officer for 5+ years strong now. I first started at New Century Financial, a direct lender in the sub-prime market in 2003 as the leading Financial Expert.
Everyone has thier own Doctors and Lawyers, why not have a personal Mortgage Consultant. I want you as a client for life and I will be your own Personal Mortgage Consultant for life aswell. Count on me for Mortgage Needs and Advice on Time.
I was handpicked out of thousands of Loan Officers to enroll in the Leadership Development Program, a 1 year training class for future Branch Managers and Leadership Roles.
I have a background in Finance, Marketing and Advertising. I consider myself highly involved in the current Technology and Market trends. I love Blogging and Talking about current Technology and Marketing Buzz.
I live in Virginia Beach about 5 minutes away from the ocean and on the weekends I love playing Texas hold-em Poker and catching some waves during downtime. Surfing is one of the most exhilarating experiences you can ever have to have a wonderful Zen and Peace of Mind.
An Affiliate of Wells Fargo 
Prosperity Mortgage is a Mortgage Banker that underwrites and fund our own loans regulated by the Federal Government. This format brings the security and control of a banking environment and combines it with the flexibility and rate shopping ability of a mortgage broker. You get the best of both worlds by going directly to the source to the Loan Officer as a Direct Lender without the fees of a Broker.
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I am never too busy for your questions or concerns. I am always available via e-mail, text, phone or social media. I will always strive to keep you updated throughout the whole loan process because buying and refinancing a home is a major role in your life and I am here to help you achieve your goal.
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"Justin was outstanding with our loan process."
- Leonard Johnson [Norfolk, Va]
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"We want to acknowledge the OUTSTANDING work Mr. Justin Williams did for us! When we first started the refinancing we were not real sure if it was the right thing to do. After discussing our situation with Mr. Williams, he gave us what our options would be. We started the process of refinancing. Mr. Williams had to jump through some hoops with our case. We appreciate all the time and dedication he took in our case. He always went the extra mile to help in any situation. He was always there for us when we needed him. He was always there at the office when I called or if on another line always returned my call within the hour. We appreciate his prompt response to us. He is a very valued employee. Never once did we ever hear him with a doubt in mind. Even though, we had doubts of our own. It was a pleasure doing business with him. He is dedicated to his job and gives excellent customer service."
- Troy and Shellie Shallis [Virginia Beach, Va]
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"Justin is the best in the Mortgage Industry! He always lends his expertise and advice on anything I need!"
- Scott Doverspike [Virginia Beach, Va]
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"You have always kept me in the loop throughout the whole loan process. I feel like I have gained a wealth of knowledge just from your advice alone. You truly are the expert in your industry.
- Major Ted Hart [ Atlanta, GA]
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