Time is running out!!! EB-5 is the immigrant investor visa program. It was extended for the foreign-investor until September 30, 2016. This program allows eligible non-US residents to apply for a green card if they invest in a commercial enterprise in the U.S. Hummmm, I have 3 car wash facilities for sale.
Month: June 2016
First-time homebuyer
Are you a first time home buyer ? A “first-time homebuyer” is defined as anyone who has not owned a home during the prior two (2) years.
Have you hear the expression “running with the land”? It refers to rights that are passed with the title of property to subsequent owners and cannot be separated from the land or transferred without it.
Money, Money, Monnnnn…….ney
Have you ever wondered about programs like Fannie Mae?…. which appears to be the most widely used. Just in case you want to know……… Fannie Mae stands for The Federal National Mortgage Association, abbreviated as FNMA or “Fannie Mae”. The Government National Mortgage Association, abbreviated GNMA and known as “Ginnie Mae” and the last one is “Freddie Mac” which stands for Federal Home Loan Mortgage Corporation and abbreviated FHLMC. All of these programs are a part of the secondary market lenders and facilitate the movement of funds from state-to-state.
Good Texas Mortgage Programs
Most people have to get a loan to buy property. A few lucky people can plop down a stack of money for a cash sale. Before you sign on the bottom line there are a few 
questions that you should ask your lender. Find out which loans you are eligible for …….Conventional, FA, FHA, VA, USDA, and or MCC. MCC is one that most people are not knowledgeable about and the lenders do not tell their clients about it. I will discuss that one at a later time. USDA is another one that is not utilized as much as it should be. The USDA preogram offers a ‘no money down’ purchase; however it is only offered for some areas that has been pre-determined because of the location. The areas inside the San Antonio city limits do not qualify. You would need to look at the USDA map, provide the address of the property to find out if it qualifies.