Nevin Williams,FHA,VA,Jumbo broker CA,OR,WA,NC

This is a warning to those of you hiring real estate agents in Portland Oregon (well just about anywhere actually). There are only a few crooked real estate agents but how do you know who they are? I believe they would rather stay out of the public eye so I highly recommend you "Google" their name in Google search and do some research before you hand them earnest money checks that have your bank account number, address and full name on them. Believe it or not fraud is on the rise instead of the decline. So much so that the FBI had to add more field agents to combat white collar crime! Listen up residents of Portland Oregon, don't accidentally get caught up with a crooked real estate agent when you can easily avoid it!

Story by Real Estate Journal

Fraud on the Rise - FBI Says

June 10th, 2009 · No Comments

The FBI has released alarming information regarding real estate fraud and a majority of these cases are related to identity theft. This comes as no surprise for as people get more desperate, they'll try anything for an easy buck. Real estate fraud has become such a major crime that the FBI has taken notice and opened a group to deal with the rising crime rates. From the many scams and schemes that prey upon innocent buyers and sellers, they are after the biggest ones but are in fact doing more good for they are raising awareness of the many styles these crooks use to reel in their prey.

Read this great article about real estate fraud

So why are you surfing the net looking for the cool website? If you are new to the area and have no referral sources then look here! I can recommend the best real estate agent in Portland and do so publicly. Why leave it to chance and get yourself into trouble or at the least maybe suffer from poor service while engaged in an important transaction like buying a home?

Here is who you call: Carla Muss Jacobs, exclusively representing buyers.

She believes that dual agency (representing both buyer and seller) carries a conflict of interest. Nothing illegal about it but some argue that from a moral standpoint you can't be all things to all people. Carla is clearly defined in what she does: She represents buyers with honesty, integrity and due diligence in every transaction. Still not convinced? Do your homework! Carla Muss Jacobs Bio Portlands premier real estate agent!

Carla represents a lot of Intel employees from her word of mouth referrals. If you are looking to buy a home in the greater Portland area I strongly suggest you do yourself a favor: avoid trouble, dishonesty and fraud by hiring a nationally known and respected real estate agent with exposure and a reputation. Carla is one of them and you can trust her completely. Google her name and you'll see what I am talking about!

If you need financing for that Portland home I can help you. I carry the same high ethical standards as Carla and will make sure you are treated with dignity and respect. The only dumb questions are the ones you don't ask!

Proudly serving the greater Portland area.

Apply today for your free quote!

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

"First Priority Financial, Inc. is licensed by the CA DRE, license #00654852."

Below are this morning's mortgage rates for North Carolina but first I want to provide you the definition of a note and why it is so important to review it before signing your final loan documents.

A mortgage note is a promissory note (Definition below) associated with a specific mortgage loan; it's a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage itself pledges the title to real property as security for a loan, the mortgage note states the amount of debt and the rate of interest, and makes the borrower who signs the note personally responsible for repayment.

A promissory note, referred to as a note payable in accounting, or commonly, just a "note" is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists.)

It is critical to review your note before signing it to make sure it is accurate. In North Carolina it is the closing attorney's responsibility to review this with the borrower(s), however mistakes can be made since the attorney was not involved in the rate lock and loan itself. We always review the note and the HUD1 with our customers as part of our service.

Mortgage Interest Rates*

Rates as of Monday September 28, 2009:

Conforming APR Payment per $1,000 Jumbo APR Payment per $1,000 30-Yr. fixed 4.625% 4.872% $5.22 Call 0.000% $0.00 15-Yr. fixed 4.25% 4.591% $7.59 for 0.000% $0.00 7-Yr. fixed ARM 4.125% 4.291% $4.85 jumbo 0.000% $0.00 5-Yr. fixed ARM 4.00% 4.164% $4.77 & 0.000% $0.00 10 Yr. fixed ARM 5.00% 5.174% $5.37 FHA 0.000% $0.00 5-Yr. Interest Only 4.125% 4.291% $3.44 Rates 0.000% $0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Certain credit requirements and other conditions apply. This is not a guarantee to lend. Rates based on a 12 day lock period and a minimum loan amount of 185,000. Credit determination must be made prior to approving rate. Equal opportunity lender. Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101 Choose a top agent in Wake County Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review. Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans. We are a mortgage broker servicing Cary NC. Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more. Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise! Send us an e-mail with the city and state. nevin@nevinloans.com You may also call us at (888) 206-5781 My extension is 1017 Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101

Mortgage rates for North Carolina are posted in the morning.  Rates can change at any time during the trading day.  For up to date mortgage rates please call us at 888-206-5781 x 1017. What Is Title Insurance? Title insurance is an insurance policy that is usually issued by a title company to protect the lender against something that might have happened in the past, rather than something that might occur in the future. Basically it's an extensive search of public records that is conducted by the title company to validate who has held title to the property in the past. The lender wants to know if there are any liens, judgments or easements on the property that they should be aware of before approving your loan. But title insurance also guards against hidden risks or unknown factors that might cause an encumbrance at some point in the future, like  unknown heirs, forged deeds or wills, misinterpreted wills, false impersonation of the true owner of the property, deeds signed over by persons of unsound mind, or defects in the recording of past titles. Title insurance covers the cost of the title search, and any legal fees that may result from any dispute over past property ownership. It is required by the lender and paid for by the buyer. The smart home buyer will also purchase title insurance to protect their own interests. This is a one-time premium that protects the buyer or their heirs, as long as they retain an interest in the property.  In many states it is customary for the seller to pay for this policy for the buyer.  Contact us and we will refer you to a top agent in your community that can explain the fees that are customarily paid for by the seller in your specific area.

Mortgage Interest Rates*

Rates as of Monday, 21st September, 2009: Conforming              Rate           APR       Payment per $1000

Conforming APR Payment per                 $1,000 Jumbo APR Payment per $1,000 30-Yr. fixed 4.625% 5.020% $5.14 Call 0.000% $0.00 15-Yr. fixed 4.25% 4.623% $7.52 for 0.000% $0.00 7-Yr. fixed ARM 4.00% 4.264% $4.77 jumbo 0.000% $0.00 5-Yr. fixed ARM 4.00% 4.264% $4.77 rates 0.000% $0.00 10 Yr. fixed ARM 4.875% 4.768% $5.29 % 0.000% $0.00 5-Yr. Interest Only 4.00% 4.390% $3.33 % 0.000% $0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Certain credit requirements and other conditions apply. This is not a guarantee to lend. Rates based on a 12 day lock period and a minimum loan amount of 185,000. Credit determination must be made prior to approving rate. Equal opportunity lender.  Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101

 

 

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

 

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

 

Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more. 

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise! 

 

Send us an e-mail with the city and state.  nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101

"First Priority Financial, Inc. is licensed by the CA DRE, license #00654852."

With so many new laws surfacing and bad information being advertised I decided to publish the IRS rules for the $8,000 tax credit. It's important to get the facts before making a big decision like buying a new home, especially if you're a first time home buyer!

If you want to know if you qualify for the $8,000 tax credit call an accountant or I can refer one to you.

If you want to know if you qualify for a home loan then click on the house below.

For 2009 Home Purchases

The American Recovery and Reinvestment Act of 2009 expanded the first-time home buyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1.

This means your home loan must close by December 1st not December 2nd.

Start the process now

For homes purchased in 2009, the credit does not have to be paid back unless the home ceases to be the taxpayer's main residence within a three-year period following the purchase.

Taxpayers who qualify for the First Time Homebuyer Tax credit and purchase a home this year before Dec. 1 have the option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year.

Qualifying taxpayers who buy a home this year before Dec. 1 can get up to $8,000, or $4,000 for married filing separately.

First time home buyers this year can put money in their pockets right now rather than waiting another year to claim the tax credit. The money does NOT have to be paid back.

The IRS has posted a revised version of Form 5405, first time home buyer credit, on www.IRS.gov.

The revised form incorporates provisions from the American Recovery and Reinvestment Act of 2009. The instructions to the revised Form 5405 provide additional information on who can and cannot claim the credit, income limitations and repayment of the credit.

How long does it take you to make $8,000 after taxes?

Apply today!

First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009

Q. Is the IRS currently accepting e-filed returns that claim the new $8,000 homebuyer credit in/for the 2008 tax year? A. Yes. Taxpayers can file Form 5405, First Time Homebuyer Credit, electronically for home purchases in 2008 to claim the first-time homebuyer credit. IRS began processing these returns electronically on March 30, 2009. Q. I plan to build a home and occupy it in 2009. Can I claim the first-time homebuyer credit now and use the funds toward the down payment or other ongoing construction costs? A. No. To qualify for the first time home buyer credit, the residence must be purchased. By statute, a residence which is constructed by the taxpayer is treated as purchased on the date the taxpayer first occupies the residence. (05/06/09) Q. I bought my home in 2009 (early) and filed my 2008 tax return claiming the $7,500 first-time homebuyer credit that has to be repaid. Now the expanded law provides for an $8,000 credit that doesn't have to be repaid. What do I need to do to get the $8,000 credit that doesn't have to be paid back? A. You can file an amended return. You can also view different loan options Q. If I purchase a home in June 2009, and have already filed my 2008 tax return, can I amend my 2008 return or will I have to claim it on my 2009 return? A. You can either file an amended return to claim it on your 2008 return or claim it on your 2009 return. Q. I am in the process of buying a home. I expect to close the deal before December 1, 2009. Can I claim the first-time homebuyer credit now? That would allow me to use the refund for a down payment. A. No. You may not claim the credit in anticipation of a purchase that has yet to happen. Until you have finalized the purchase of your home, which for most purchasers occurs at the time of the closing, you do not qualify for the credit. IRS news release 2009-27, First-Time Homebuyers Have Several Options to Maximize New Tax Credit, contains details for filing options if the home is purchased after April 15, 2009. Q: When must I pay back the credit for the home I purchased in 2009? A: Generally, there is no requirement to pay back the credit for a principal residence purchased in 2009. The obligation to repay the credit on a home purchased in 2009 arises only if the home ceases to be your principal residence within 36 months from the date of purchase. The full amount of the credit received becomes due on the return for the year the home ceased being your principal residence. View featured homes in Wake county! Q. Suppose a member of the military who purchased a home and qualified for the credit receives orders to deploy overseas for possibly 18 months. If they sell the home within 3 years from the date of purchase, do they have to pay back the credit? A. Section 36 does not provide any recapture exceptions for military personnel who are deployed and sell their home within 36 months from the purchase date. If the taxpayer does not sell the residence, then the military deployment may be considered a "temporary absence" and the home may still be the taxpayer's principal residence if the taxpayer intends to return to the residence after the deployment. Q. If I claim the first-time homebuyer credit for a purchase in 2009 and stop using the property as my principal residence before the 36 month period expires after I purchase, how is the credit repaid and how long would I have to repay it? A. If, within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full amount of the credit is due at that time the income tax return for the year the home ceased to be your principal residence is due. The full amount of the credit is reflected as additional tax on that year's tax return. Form 5405 and its instructions will be revised for tax year 2009 to include information about repayment of the credit.

Choose a top agent in Wake County

This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase price up to $8,000, or $4,000 for married individuals filing separately.

The amount of the credit begins to phase out for taxpayers whose adjusted gross income is more than $75,000, or $150,000 for joint filers.

For purposes of the credit, you are considered to be a first-time homebuyer if you, and your spouse if you are married, did not own any other main home during the three-year period ending on the date of purchase.

The IRS also alerted taxpayers that the new law does not affect people who purchased a home after April 8, 2008, and on or before Dec. 31, 2008. For these taxpayers who are claiming the credit on their 2008 tax returns, the maximum credit remains 10 percent of the purchase price, up to $7,500, or $3,750 for married individuals filing separately. In addition, the credit for these 2008 purchases must be repaid in 15 equal installments over 15 years, beginning with the 2010 tax year.

First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return. News release 2009-27 has more information on these options.

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101

"First Priority Financial, Inc. is licensed by the CA DRE, license #00654852."

Looking for an approved VA mortgage company that services Carlsbad CA and San Diego county?

Thank you for your service!

Whether you served in the Army, Navy, Marine Corps, Air Force or Coast Guard we are here to make sure you take advantage of one of your most coveted veteran benefits, the VA mortgage.

If you already have a VA mortgage scroll down to bottom.

We assist real estate agents by pre qualifying their prospective veteran home buyers not only in Carlsbad CA but all of San Diego county. Here are the top local area expert Realtors in Northern San Diego County. They can help you find that perfect home using your VA home mortgage loan benefits. You may contact them by clicking on their picture.

Kim Carlson Jeff Dowler Melissa Zavala

Program Highlights

No down payment No mortgage insurance Seller pays most of the closing costs

Do you qualify?

VA loan options

We provide VA mortgage services not just in San Diego county but throughout California.

Considering the sacrifices you have made for our country you deserve to own your own home and should take advantage of your VA home loan benefit like I did. I bought my first home many years ago with no money down using the VA loan program.

Today's Rates

California VA loan limits for 2009

State County Loan limit Regional loan center

CA	ALAMEDA	$1,094,625.00	PHOENIX
CA	ALPINE	$ 503,750.00	PHOENIX
CA	CONTRA COSTA	$1,094,625.00	PHOENIX
CA	EL DORADO	$ 516,250.00	PHOENIX
CA	LOS ANGELES	$ 737,500.00	PHOENIX
CA	MARIN	$1,094,625.00	PHOENIX
CA	MONO	$ 575,000.00	PHOENIX
CA	MONTEREY	$ 525,000.00	PHOENIX
CA	NAPA	$ 643,750.00	PHOENIX
CA	NEVADA	$ 518,750.00	PHOENIX
CA	ORANGE	$ 737,500.00	PHOENIX
CA	PLACER	$ 516,250.00	PHOENIX
CA	SACRAMENTO	$ 516,250.00	PHOENIX
CA	SAN BENITO	$ 937,500.00	PHOENIX
CA	SAN DIEGO	$ 593,750.00	PHOENIX
CA	SAN FRANCISCO	$1,094,625.00	PHOENIX
CA	SAN LUIS OBISPO	$ 610,000.00	PHOENIX
CA	SAN MATEO	$1,094,625.00	PHOENIX
CA	SANTA BARBARA	$ 656,250.00	PHOENIX
CA	SANTA CLARA	$ 937,500.00	PHOENIX
CA	SANTA CRUZ	$ 805,000.00	PHOENIX
CA	SOLANO	$ 435,000.00	PHOENIX
CA	SONOMA	$ 566,250.00	PHOENIX
CA	VENTURA	$ 650,000.00	PHOENIX
CA	YOLO	$ 516,250.00	PHOENIX

More VA Home Loan Benefits

Equal opportunity.

No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property).

Buyer informed of reasonable value.

Negotiable interest rate.

Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation).

Closing costs are comparable with other financing types (and may be lower).

No mortgage insurance premiums.

An assumable mortgage.

Right to prepay without penalty.

For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.

VA assistance to veteran borrowers in default due to temporary financial difficulty.

Ask an Expert

Do you already have a VA loan and want to refinance?

VA Streamline Refinance VA Debt Consolidation

First Priority Financial is not affiliated with the Department of Veterans Affairs. We are a VA approved lender. We are the largest mortgage brokerage in the US. We have over 300 branch offices nationwide and over 1,300 loan officers.

Have a question? E-mail me by clicking here or call us 888-206-5781. My extension is 1017

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

You may also call us at (888) 206-5781 My extension is 1017

"First Priority Financial, Inc. is licensed by the CA DRE, license #00654852."

Nevin Williams CA DRE Lic# 01366552