Appleton Wisconsin Mortgage & Real Estate Resources: August 2009

On August 4th, 2009 Taylor, Bean & Whitaker (TBW) were abruptly shutdown by the Feds. As the result consumers who have Mortgage Loans have been in the dark with regard to the future servicing of their accounts - This is especially troublesome to the people who had automatic payment withdraws setup. We recently learned that TBW has not drafted any automatic payments since August 10th. If your mortgage payment was scheduled to be drafted after this date, you may be in jeopardy of a late payment and additional fees.

In a memo issued by Taylor, Bean & Whitiker (TBW) on August 20th (Click Here to Download), Taylor, Bean & Whitaker provided information and contact information regarding the future of loan servicing and updated contact numbers. Below is a screen shot of the memo in its entirety -

Please pass this important information onto your customers, colleagues and friends. If anyone needs assistance with Wisconsin loans that were in process when this unfortunate event occurred, please feel free to contact me. We have set-up a special priory program to assist in finding remedy -

Think Big Work Small has released a great new Video on HVCC - Watch this great video - They tell it like it is.... Share it, Re-Post it, Get it Out -

HVCC is wreaking havoc in our industry - It is doing more harm than good. We need to stick together and work for resolution so our industry may see recovery.

Do not miss the Active Rain Bonus at the end of the Video - It features Active Rain Blogs.....

ENJOY! 

Click on the image or follow this link http://www.thinkbigworksmall.com/mypage/player/tbws/14538/1095856

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in Credit Restoration and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

Pam has got the "Right Stuff" unfortunately she is in Mississippi - I just love typing that word M I S S I S S I P P I! - I can remember reciting it when I was a small child - I think it was the biggest word I learned to spell at the time..... LOL

If you are looking for a great buyers agent to help you with your Wisconsin property purchase, please contact me and I will get you to an agent who will take care of your every need. Thanks Pam -

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in Credit Restoration and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

Is a Government Insured Mortgage Right for You?
series of articles - part 1

Risky mortgages backed up by small down payments are a thing of the past. In today's world, most lenders aren't underwriting mortgages unless you have a significant down payment, and a high credit score. Did you know that there is a decades-old loophole can still put home buyers in a house with little money down and in some cases . . . just $100... In fact here in Wisconsin every county in the state has areas that qualify for zero down financing. The programs I am referring to are an FHA Insured Mortgage and USDA Insured Mortgages. They have been in existence for many years; and in the case of FHA, it is likely that your parents or grandparents had an FHA Insured Loan when they purchased their first home.

Mortgages insured by the Federal Housing Administration (FHA) allow borrowers to get approved with a down payment as small as 3.5% of the agreed selling price of the house and don't require a high credit score. If you happen to run across a home for sale that is owned by HUD, FHA offers a special $100 down payment program as an incentive to purchase a HUD owned home.  

The looser terms of FHA-insured mortgages have helped make them more popular. Did you know that  FHA-insured mortgages make up about 25% of the mortgage market? This figure is up from 3% in 2006, In a speech earlier this month, FHA commissioner David Stevens said "In June, the FHA insured 194,000 loans - the highest monthly total in the agency's history". For fiscal year 2009, the dollar amount of FHA-insured mortgages is likely to reach 30% of mortgage origination's, up from around 4% in 2005 and 2006, says Stu Feldstein, the president of SMR Research, a mortgage-data tracking firm.

The bottom line is that FHA, USDA, and other government insured loans are a viable option in today's market. They are a specialty product that requires in-depth knowledge of the rules and guidelines. It is imperative that you work with a qualified mortgage loan person who specializes in Government Insured Mortgages. In doing so, you will place youself in a position for success in obtaining a great home financing plan that is sure to provide you and family with tremendous benefit for years to come.   

In today's ever-changing lending environment, it is absolutely essential that anyone looking to take advantage of these great loan programs and great interest rates, work with a LOCAL person who specializes in Government Insured programs.

I hope this has been of benefit to you - Please come back for the series on Government Insured Mortgage Opportunities -  

How to determine if an FHA-insured mortgage is right for you; Do you meet the qualifications?

If you are looking to purchase or re-finance in the state of Wisconsin and would like to discuss your options, please feel free to contact me via email, or simply pick up the phone and give me a call. I am happy to help..... Make it a great one....:)

Don't forget about the $8,000 credit for first time home buyers for people who have NOT owned a home in the last 3 years. Time is running out - For details and answers go to the Top 21 Questions Answered on the $8,000 Tax Credit for 1st Time Home Buyers article.

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in Credit Restoration and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!