Welcome >Buyer Credits, Rebates & Loan Programs...
 HomePath
What is HomePath you ask?
When foreclosures occur on Fannie Mae Mortgages, the property that once collateralized the mortgage is called a Real Estate Owned (REO) Property. The investor’s primary goal is to sell the REO Property in a timely manner.
Coldwell Banker Mortgage, in conjunction with Fannie Mae, is now offering special financing for many of these REO Properties.
HomePath products provide benefits such as:
· No Appraisal
· No Private Mortgage Insurance (regardless of Loan To Value)
· Max LTV 97%
97% financing available on owner occupied with no mortgage insurance required. No appraisal necessary. Second homes and investment purchases allowed
This is a program to be used solely for properties currently held in Fannie Mae’s portfolio. To search for properties in your area that are eligible for HomePath financing go to homepath.com
Under the basic search tab put in the city and state and hit “search.”
If there are properties in that city, this will bring up the list. In some areas there may be no properties available and you will get a message to that effect.
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First Time Buyers >Too Many Experts
It can be difficult to make an informed homebuying decision when confronted by advice from too many "experts." If you have just found the house you want to buy, you are probably feeling completely thrilled and confused at the same time. You trust the agent who helped you and feel that the advice you received is solid. But you also want to get opinions about the house from your best friend, your parents, and your Uncle Chuck, who has an inactive real estate license.
If you get input from too many sources, you could find yourself even more confused than you already are. Your best friend can provide moral support, but might not know the market in your area. Your parents may go into shock because they feel that they got so much more house for their money 30 years ago--and it cost them a fraction of the price you are going to pay.
Even though Uncle Chuck passed the real estate exam, his insights won't be as relevant as those of a professional who is currently working the market. It's not that you shouldn't consult your family and friends--just don't go overboard. Rely on the advice of professionals you trust--a structural inspector, loan officer, and a good real estate agent, so that you can feel comfortable about having made an informed decision.
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| Q |
What area in the U.S. is known for its pre-civil war mansions?
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Natchez, Mississippi boasts over 500 pre-civil war-style mansions; many are open to the public as museums. |
 See More Real Estate Trivia > |
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Kurt Congdon
Coldwell Banker Grass Roots Realty
855 Sutton Way
Grass Valley, CA 95945
Toll Free: 800-471-4570
Office: 530-273-0073
Fax: 530-687-0309
Email: Kurt@KurtCongdon.com
DISCOVER YOUR DREAMS in Nevada City real estate or Grass Valley real estate.
Kurt will guide you through the process of understanding the purchasing of rural property such as Penn Valley land, Nevada City Acres & Grass Valley homes. His love and enthusiasm for Nevada City and Grass Valley are genuine. With over 10 years experience, and honors in the top 5% of all agents nationwide...Kurt will provide both exceptional personal service and HI-TECH communications.
The Nevada County area offers extraordinary natural beauty, rare communities, arts, entertainment, and the highest quality of living. Let Kurt help you DISCOVER YOUR DREAMS in the Sierra Nevada Gold Country towns of Grass Valley, Nevada City and Penn Valley.
DRE License #'s Kurt Congdon - 01076146, Jason Moore - 01391772, Pam Moore- 01876117, Cindy Argento - 01747092  
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NUMBER1EXPERT®
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