Sherry Cranmer's Blog (5)

Hi everyone, Been a while since I've posted. However, I think I have told you about this program in the past, but it is a really great program for your high end buyers. Security Based Lending is a loan program that allows anyone with stocks, bonds, mutual funds- any free trading security to obtain funds for personal or business use. The funds can also be used for real estate purchase. There is no bank qualifying. The loan is collateralized by the pledged securities only at low fixed interest r… Continue

Hi everyone, I guess everyone is wore out with this financial crisis. It will get better, will just take some time. I just wanted let everyone know about a new financial product available It is Security Based Lending. This financial program allows investors to use their investments (stocks, bonds, mutual funds - any freely traded security) to obtain funds for personal or business use. Only the particluar security pledged is collataralized- not real estate or personal property. These type of loa… Continue

Hi everyone, Keeping you up to date on the mortgage industry. Did you know that anyone who has a FHA mortgage loan can refinance at the current market rate (5.875% fixed) without any income or asset verification and no appraisal is required. This means no out of pocket expenses to you. This program is called the FHA Streamline program. There are no credit score requirements and the only requirement is that you must have paid your mortgage on time (never over 30 days late) in the last 12 months… Continue

Hi everyone, Keeping you updated on the mortgage industry. As you know Fannie Mae & Freddie Mac were taken over by the Government, otherwise the two mortgage giants facing going bankrupt. I think this move put a little more faith in the industry for investors. The good thing so far is that the interest rates have dropped down in the 5's. So everyone, if you haven't refinanced or just sitting on the fence, now is the time. When rates drop this low, they only stay there for a short period of… Continue

Hi everyone, I just recently joined the network as an invitation and so far think it is a great place. I wanted to let you know a little about my Company and the ever changing mortgage industry today. I own Your Choice Mortgage, which is based in Georgia. I started the Company in 1999 and am licensed to do mortgage loans in Georgia. This past year the mortgage industry has seen some major changes, most for the worst for consumers. On the conventional side (Fannie Mae & Freddie Mac-excellen… Continue