Stephen-Michael Washington FHA and VA Mortgage Loans Alabama

Are Realtors from Krypton????

Krypton: the planet formerly known as the home of “Superman”. Described as: “faster than a speeding bullet; more powerful than a locomotive; and able to leap tall buildings in a single bound”. Oh yeah, I’m talking about that Superman. One of the greatest superheroes known to comic lovers everywhere, his legacy will continue to live beyond our years. So why are we discussing the “Man of Steel”? Well, it’s simple. If we examine the life of Kal-El A.K.A. Clark Kent, you’ll find that he wasn’t all that “super” on his own planet. It wasn’t until he was placed on another planet, of ordinary, powerless people, that his extraordinary powers we revealed.

No, Realtors are not from another planet! Realtor’s are ordinary people. They drink, eat, sleep, and walk just like the rest of us. This is what separates them from the cruel world we live in. When they step out their door and away from their ordinary lives, they walk into a world. A world filled with needs. That is when these ordinary people become “extraordinary” Realtors.

This thought came to me as I was talking to a few of my Realtor associates, and we were discussing the ups and downs of the business. They began to share the disappointments and realities of being a Realtor. Now, when most people think of realtors, they think of the glitz and glamour of real estate. The $1 Million Closing etc., I will tell you this much it’s not all the glamour you think it is! The early Saturday mornings, the Sunday’s after church, the phone calls in the early hours of the morning, the knife that you find in the middle of your back from time to time. It’s a cut-throat world!

As a Realtor, sometimes you have these kinds of clients: “McDonald’s french fries on the floor with spilled Diet Coke. Don’t even mention the Brewster’s Ice Cream. (I can’t believe that was strawberry). Now we have another car cleaning, not to mention the gas we bought, and they still bought a FSBO. The nerve!!!!!!” What about the seller that wouldn’t listen to any of the updates, repairs or lowering the price to $199,900 ( I told them it wouldn’t sell at $250,000…then they stated we’re not ready, next thing you know they relist it at $185,000 complete all updates and sell it in 10 days. The nerve!!!!!

"Those kids, those kids, they are soooo bad! Ooops kids aren’t bad, but they sure are close!!!” Let’s not start calculating the gas, time, mileage wear/tear not to mention the frustration that goes into being a realtor. One thing I can tell you is; there are some AWESOME agents out there that endure the rough and tough of the industry. They hustle, they go above and beyond, and nobody is taking notice.

Well, CONSIDER YOURSELF NOTIFIED!!!!!! Realtors Must Be From Krypton, because they are Superheroes in my book!

FHA Streamline Refinance

Another popular mortgage product that has caught on in the past few years is the FHA Streamline. Now, keep in mind, you must already have an FHA Mortgage to qualify for this type of refinancing. With that said; if you have an FHA mortgage, you may be able to significantly lower your monthly payment, even if you owe more than your home is currently worth.

This type of financing is available for all Federal Housing Authority loans. FHA Streamline allows anyone to take advantage of lower interest rates by refinancing their current FHA loan, into a lower fixed rate on a new FHA loan. A lower interest rate means a lower mortgage payment. A lower mortgage payment means more homeowners will be able to stay in their homes and avoid foreclosure.

How can a lower monthly mortgage payment benefit you?

Let's look at an example of how this program can save you money. If you have a 30-year fixed rate loan for $250,000, at an interest rate of 7 percent, your monthly payment is approximately $1,663. Refinance that loan at a rate of just 5 percent, and your new payment would be about $1,342 - a savings of $321 every month, $3,852 in a year, and $115,560 over the 30-year life of the loan. Think about this; what would you do with an extra $321 a month. Or, and extra $3,852 a year? If you are already paying a higher interest rate on an FHA mortgage, refinancing that mortgage with an lower interest rate is actually putting money back in your pocket!

Has your income decreased since you financed your home?

FHA Streamline makes it simple. With the relaxed guidelines recently approved by the government, it's possible to qualify for an FHA refinance with NO income verification. These rules make it easy and faster to get a lower payment on an FHA loan.

Has your home decreased in value since you last financed?

Appraisals must be done for other mortgage loans. But, with the Streamline process, FHA Streamline makes this process simple. Because the appraisal may not be required, homes that are worth less than is currently owed on the FHA loan may qualify for refinancing.

Do you qualify for FHA Streamline? Find out today.

In todays down economy, it's easy to see why the popularity of the FHA Streamline is growing fast. It is a program that every homeowner with an FHA loan should think about and look into. If you already have an FHA loan, the FHA Streamline could lower your mortgage rate and monthly payment, and still give you the security of the FHA program.

Contact: Stephen-Michael to see if you qualify for this opportunity to refinance your FHA loan with an FHA Streamline Refinance.

Mortgage Lender Birmingham AL

Hamilton Mortgage is a mortgage lender in Birmingham, AL.
We have been in operation since 1976. As a mortgage lender,
we help our clients obtain a loan that has the terms that best meets their needs.

The area around Birmingham, generally speaking, has homes that are in the higher end of the sales price spectrum. The prices for single family homes are generally in the $350,000 to $800,000 price range. As a Birmingham area mortgage lender, we are very familiar with loan programs to cover such vast price ranges.

Because the home prices are high in the surrounding Birmingham area, we have decided to focus our concentration as a mortgage lender on jumbo loans. We have catered our lending to jumbo programs that make us attractive as a mortgage lender.

To satisfy the needs of our clients, we offer pre-approvals in order to make your offer more attractive. Pre-approvals from a mortgage lender are powerful because the Birmingham area usually has competitive bidding situations. Without a pre-approval from a mortgage lender, bids are usually lost.

As a mortgage lender, we not only offer fixed rates, but we also offer adjustable rate loans and intermediate ARM loans. Many of our programs offer an interest-only option, which many of our clients take advantage of to control their cash-flow.

We pride ourselves on being a mortgage lender with experience. Our branch at Hamilton Mortgage alone, has over 80 years of mortgage lending experience.

If you are looking for a mortgage lender in Birmingham, AL or the surrounding area, Hamilton Mortgage is the company to call.

Contact Me

Visit My Blog(s): stephenwashington.blogspot.com, www.stephensmortgageblog.com

Contact me via email: swashington@hamiltonmortgage.net

FHA Loans Birmingham, AL

More and more people are refinancing and purchasing a new home with FHA loans, and there is a reason for that. FHA is a great way to maximize your buying potential. With Low down payments, extremely low interest rates and flexible underwriting guidelines. Because an FHA Loan is backed by the Federal Government, it allows lenders to offer low rates.

FHA Loans do not require a large down payment, and in some cases, down payment assistance is available to those who qualify. Even if you are "upgrading" your home you can take advantage of the 3.5% down payment that is required by FHA, these funds may also come in the form of a gift. Also, sellers can contribute 6% towards your closing costs, which reduces out of pocket expenses.

FHA Loans can also be used to refinance your current home even though you may not currently have an FHA Loan. You can take advantage of the lower interest rates available and lower your monthly payments, not only that you can receive cash from the equity in your home up to 85% of your homes value. In addition to receiving cash at closing you may also opt to consolidate your debt into one easy low payment.

FHA Loans Allow a Blemished Credit History
If your credit is less than perfect, FHA might be the loan for you. You may qualify for an FHA loan even though you have had financial problems.

• FICO scores can be lower than those for a conventional loan.
  
• Bankruptcy. You can obtain an FHA loan two to three years from the date of your bankruptcy discharge, as long as you've maintained good credit since your debts were discharged.
  
• Foreclosure. If you keep your credit in excellent shape since a foreclosure, an FHA loan will be available to you two to three years from the final date of your foreclosure.

FHA is a great way to achieve your life long dream of owning a home. Contact Stephen-Michael Washington today to see if FHA is right for you.

Stephen-Michael can also help you with USDA Rural Development, VA Purchase or Refinance, Conventional Jumbo purchases and refinance in Birmingham, AL and throughout the state of Alabama.