Category Archives: Financing

Tips, News and Education Relating to Real Estate Financing

New Dodd-Frank Disclosure Rules will Cause Delays!

Posted on October 5, 2015 by Tim

ShareTweet On October 3rd the new TRID (Tila-Respa Integrated Disclosure) rules went into effect for all residential loans with application on or after that date. Delayed closings are an imminent reality due to the timing requirements of the new rules. … Continue reading →

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Closing Costs – Required or Junk fees?

Posted on February 15, 2015 by Tim

ShareTweet Tim Halladay of Victory Funding differentiates between Statutory Costs and Junk Fees on his weekly radio show Mortgage Solutions. Some costs are statutory and some others are necessary; you will pay these no matter where you go or who … Continue reading →

Posted in Financing, Free Tips | Tagged albany, low closing costs, Malta, mortgage broker, no junk fees, Saratoga Springs, schenectady | Leave a comment

Seller Concessions – What are They and How Can I Use Them?

Posted on January 30, 2015 by Tim

ShareTweet Tim Halladay of Victory Funding teaches what you need to know about Seller Concessions, including what programs allow them and what the limits are! This dynamic discussion is a must for home buyers!  Listen to this from Mortgage Solutions … Continue reading →

Posted in Financing, Free Tips | Tagged Conventional, FHA, Living Well Realty, Malta, mortgage broker, Mortgage Solutions, Saratoga Springs, seller concession, usda, Victory Funding | Leave a comment

Mortgage Mistakes that can Stop You Cold – What Underwriters Hate

Posted on December 29, 2014 by Tim

ShareTweet Tim Halladay talks about major mistakes borrowers make that can stop them in their tracks! Part 1 – 28 minutes Part 2 28 Minutes Every lender needs to know you are qualified.  Underwriting guidelines are designed to verify your Credit, Income, … Continue reading →

Posted in Financing, New Borrower, Real Estate | Tagged Let Victory Funding of Malta, NY in Saratoga County help you find the best loan program for you and with the lowest interest rate. | Leave a comment

Documents to Take to Your Mortgage Appointment

Posted on December 29, 2014 by Tim

ShareTweet Your lender will need some basic documents to begin the process.  Do your best to provide these and your process will be smooth.  All the documents fall into three basic categories; income, assets and credit. Income documents 1.  Most recent … Continue reading →

Posted in Financing, Free Tips, New Borrower | Tagged Buy Real Estate, Creative financing, education, Living Well Realty, Malta, mortgage broker, Saratoga Springs, tips, Victory Funding | Leave a comment

FHA Pulls the “no house flipping” Waiver!

Posted on December 15, 2014 by Tim

ShareTweet On December 31, 2014 FHA will stop allowing property that has not been owned for at least 90 days to be re-sold.  This waiver had allowed investors to absorb foreclosed properties, rennovate them and re-sell them to a new … Continue reading →

Posted in Financing, Investing, News, Real Estate | Tagged albany, Living Well Realty, Malta, mortgage broker, NY Saratoga county, Real Estate Investing, Real Estate Investor, Saratoga Springs, schenectady, troy, Victory Funding | Leave a comment

Found Money – Buy More House!

Posted on March 28, 2014 by Tim

ShareTweet Everybody knows you can write off your mortgage interest and property taxes, but few people understand what that means when it comes to your monthly income. If you purchase a home with a $200,000 mortgage at 4.75% interest you … Continue reading →

Posted in Financing, Free Tips, New Borrower, Real Estate | Tagged albany, education, financing, Global Foundries, Living Well Realty, Malta, Real Estate Investing, Real Estate Investor, Saratoga, Victory Funding | Leave a comment

What Should I Know About Buying a Property that has a Legal Non-Conforming Use?

Posted on March 2, 2014 by Tim

ShareTweet First, you should know what that means.  A legal non-conforming use applies to a property that is currently allowed in its current legal configuration but does not conform to the zoning that is in place.  One example would be … Continue reading →

Posted in Financing, Free Tips, Investing, Real Estate | Tagged albany, investing, Living Well Realty, Malta, mortgage brokerage, Saratoga Springs, schenectady, troy, Victory Funding | Leave a comment

Cash out Refinances for Investors!

Posted on February 10, 2014 by Tim

ShareTweet If you, like many investors, are sitting on a ton of equity, but haven’t been able to make use of it, here is your chance!  I work with bunch of investors that own properties that are free and clear … Continue reading →

Posted in Financing, Investing, Real Estate | Tagged albany, investor, investor financing, low interest rates, Malta, mortgage, real estate, Saratoga, Saratoga Springs, schenectady, troy, Victory Funding | Leave a comment

Rates are Best in 3 Months! What are YOU Waiting For?

Posted on February 4, 2014 by Tim

ShareTweet Snow melt? Even Lower Rates? More Homes for Sale? Saving for a larger Down Payment? Whatever you are waiting for it could cost you a fortune! Even though we are experiencing a small down tick in rates, the trend … Continue reading →

Posted in Financing, News, Real Estate | Tagged best interest rate, Conventional, Expert Advice, FHA, financing, mortgage, real estate, usda, VA, Victory Funding | Leave a comment