When a homebuyer wants to purchase or refinance a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed rate, to finance both the acquisition and the rehabilitation of the property. To provide funds for the rehabilitation, the mortgage amount is based on the projected value of the property with the work completed, taking into account the cost of the work.
2014.gada rudenī EU-OSHA kampaņas "Veselīgas darbavietas uzvar stresu" ietvaros tika organizēts seminārs personālvadības un komunikācijas speciālistiem "Kā pateikt, lai darbinieki sadzird". Semināra ietvaros Valsts darba inspekcijas Sadarbības un attīstības nodaļas vadītāja Linda Matisāne prezentēja pētījumu "Darba apstākļi un riski Latvijā" rezultātus par darba devēju un darbinieku komunikāciju, kā arī stāstīja par dažādiem piemēriem, kas Latvijā tiek izmantoti, lai darbiniekus iesaistītu darba aizsardzības sistēmas darbībā un informētu viņus par aktuāliem jautājumiem.
2014.gada 12.septembrī Rīgā, piedaloties Lietuvas un Bulgārijas ekspertiem, norisinājās Valsts darba inspekcijas un Nodarbinātības valsts aģentūras starptautiskais seminārs “Nereģistrētās nodarbinātības samazināšanai īstenojamie pasākumi”. Tā ietvaros Valsts darba inspekcijas direktors Renārs Lūsis prezentēja situāciju nereģistrētās nodarbinātības jomā Latvijā
2014.gada nogalē uzsākti padziļināta darba aizsardzības speciālistu apmācība par dažādiem darba vides jautājumiem. Viena no šīm tēmām - darbs ar ķīmiskajām vielām un maisījumiem. Prezentācijā apkopota Valsts darba inspekcijas pieredze.
Learn more about MAP - COVE's innovative "Lease and Later Own" program.
Customers lease and live in the home of their choice today while they seek to qualify for a mortgage to purchase the home in the future at a locked-in price.
2014.gada rudenī EU-OSHA kampaņas "Veselīgas darbavietas uzvar stresu" ietvaros tika organizēts seminārs personālvadības un komunikācijas speciālistiem "Kā pateikt, lai darbinieki sadzird". Semināra ietvaros Valsts darba inspekcijas Sadarbības un attīstības nodaļas vadītāja Linda Matisāne prezentēja pētījumu "Darba apstākļi un riski Latvijā" rezultātus par darba devēju un darbinieku komunikāciju, kā arī stāstīja par dažādiem piemēriem, kas Latvijā tiek izmantoti, lai darbiniekus iesaistītu darba aizsardzības sistēmas darbībā un informētu viņus par aktuāliem jautājumiem.
2014.gada 12.septembrī Rīgā, piedaloties Lietuvas un Bulgārijas ekspertiem, norisinājās Valsts darba inspekcijas un Nodarbinātības valsts aģentūras starptautiskais seminārs “Nereģistrētās nodarbinātības samazināšanai īstenojamie pasākumi”. Tā ietvaros Valsts darba inspekcijas direktors Renārs Lūsis prezentēja situāciju nereģistrētās nodarbinātības jomā Latvijā
2014.gada nogalē uzsākti padziļināta darba aizsardzības speciālistu apmācība par dažādiem darba vides jautājumiem. Viena no šīm tēmām - darbs ar ķīmiskajām vielām un maisījumiem. Prezentācijā apkopota Valsts darba inspekcijas pieredze.
Learn more about MAP - COVE's innovative "Lease and Later Own" program.
Customers lease and live in the home of their choice today while they seek to qualify for a mortgage to purchase the home in the future at a locked-in price.
Construction loans can be complicated topics. Understanding the process and the paperwork involved, it's easy for some people to get overwhelmed. That's why we're here: to make sure you don't. Let us explain the ins and outs of construction loans!
MA CEU Federal Housing Administration (FHA) Loans - RE75R12Jody O'Brien
Massachusetts Continuing Education Course – 2 Credits. FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so a lender can offer low down payments, low closing costs and easy qualification. This program will explore the requirements for FHA financing.
Similar to FHA 203k & 203k Streamline Loans 101 (20)
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
5. Focus on FHA
• FHA market share dropped from 19% in 1996 to under 6% in
2006
6. Focus on FHA
• FHA market share dropped from 19% in 1996 to under 6% in
2006
7. Focus on FHA
• FHA market share dropped from 19% in 1996 to under 6% in
2006
• Mid‐2007 saw FHA loan applications soar nearly 50%
8. Focus on FHA
• FHA market share dropped from 19% in 1996 to under 6% in
2006
• Mid‐2007 saw FHA loan applications soar nearly 50%
9. Focus on FHA
• FHA market share dropped from 19% in 1996 to under 6% in
2006
• Mid‐2007 saw FHA loan applications soar nearly 50%
• NOW ‐ 203K Makes a big comeback due to the market supply
of REO properties!
11. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
• Renovation option through the “k” or streamline “k”
• Innovative ways for a seller to market to buyers
12. For The Agent
• Flexible enough for your first‐time home buyers
13. For The Agent
• Flexible enough for your first‐time home buyers
14. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
15. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
16. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
• Renovation option through the “k” or streamline “k”
17. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
• Renovation option through the “k” or streamline “k”
18. For The Agent
• Flexible enough for your first‐time home buyers
• Streamlined property standards and paperwork
• Renovation option through the “k” or streamline “k”
• Innovative ways for a seller to market to buyers
20. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
• Sellers can help up to 6%
• Always assumable
23. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
24. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
25. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
26. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
27. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
• Sellers can help up to 6%
28. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
• Sellers can help up to 6%
29. For The Buyer
• Flexibility on credit and bankruptcy
• Flexibility on down payment, and no reserves
• No limitations on income
• Sellers can help up to 6%
• Always assumable
30. 203(k) Interesting Facts
• According to the National Association of Home Builders
Americans spent an estimated $215 billion on residential
remodeling in 2005.
– “1 out of every 2 existing homebuyers do major
improvements within 24 months of purchase.”
31. Benefits to Buyers!
• Purchase an existing property and finance the costs of
improvements to the property in one mortgage.
• Move an existing dwelling to a new location.
• Demolish an existing structure and rebuild.
• Refinance an existing mortgage and build in costs to make
improvements.
• Borrower has up to six (6) months to complete the repairs.
32. Features of the FHA 203(k)
• Fixed Rate mortgages for 15 and 30 year term.
– ARM mortgages available for 30 year term.
• Eligible properties are 1‐4 unit primary residences.
– Condominiums, PUDs, manufactured housing, leaseholds,
and mixed‐use properties.
• FHA area loan limits apply.
• Maximum LTV is based on the cost to acquire the property
plus rehab or 110% of the “as improved” value whichever is
less.
• Fully assumable mortgage.
33. What does a full 203(k) loan include?
• The mortgage amount includes:
• The cost of rehabilitation
– A minimum of $5,000 in eligible repairs is required.
• Up to six (6) mortgage payments during completion of construction
• Upfront Mortgage Insurance Premium
• 203(k) Consultant Fee
• Cost of Inspections, title updates and permit fees
– Money is released to contractor in draws as work is satisfactorily completed.
– Escrow is set up for the estimate of cost of materials and labor to complete
the rehabilitation, plus a 10% ‐ 20% contingency reserve.
• Escrow for repairs earns interest, payable to borrower
34. Potential 203(k) Buyers
• Buyers intending to purchase a fixer‐upper.
• Buyers who wants to make improvements.
• Buyers rebuilding a home damaged by fire or storm.
• Buyers that have a loan in process with repair issues that
must be corrected, but the seller is unwilling to fix.
• Buyers presently owning a home and want to refinance
current mortgage in order to do upgrades, home
improvements, or new appliances.
35. Streamline 203(k)
• No minimum amount of rehabilitation is required (per FHA
guidelines)
‐‐ investor guidelines require minimum of $5,000
– up to a maximum of $35,000 of eligible work items.
• Contractor estimates only.
• A 203(k) Consultant is not required.
• 2 Draws – 1 at time of servicing setup and final when all work
is complete
36. Streamline 203(k) – Eligible
Improvements
• Roofs
• Gutters
• Downspouts
• Existing HVAC systems
• Plumbing and electrical systems
• Existing flooring
37. Streamline 203(k) – Eligible
Improvements
• Minor remodeling such as kitchens
• Weatherization, including storm doors, windows, insulation,
weather stripping
• Appliances when at least $3,000 of basic home repairs are
involved
38. Streamline 203(k) – Eligible
Improvements
• Repair/Replacement/Upgrades which include:
– Improvements for accessibility for persons with disabilities
• Note:
• As long as the mortgagor uses the services of one or more
contractors to complete the repairs, this limited repair
program does not require a general contractor.
39. 203(k) & Streamline Comparison
FHA 203(k) Streamline 203(k)
• A minimum of $5,000 in • Minimum amount of $5,000
eligible repairs is required. rehabilitation is required.
• General Contractor required & • Contractor estimates only.
203(k) consultant utilized
• 2 Draws
• Money is released to
contractor in draws as work is • A 203(k) Consultant is not
satisfactorily completed – max required.
of 5 • No Mortgage Payments
• 6 months PITI may be included allowed
in the loan • No structural alterations or
• Structural repairs allowed landscaping
40. 203(k) – Eligible Property
• Owner‐occupied only
• 1 ‐ 4 units
• Must be 12 months old
• Condominiums, PUDs, leaseholds, mixed‐use properties
acceptable.
• Condominium improvements limited to the interior of the
unit.
43. Partner Focus
• Academy Mortgage is a locally‐owned company providing
affordable financing and quality customer service
exclusively for buyers of Colorado real estate. Established
in 1995, we offer competitive rates, a broad selection of
mortgage products, and out‐front, first‐class service.
44. Partner Focus
• Academy Mortgage is a locally‐owned company providing
affordable financing and quality customer service
exclusively for buyers of Colorado real estate. Established
in 1995, we offer competitive rates, a broad selection of
mortgage products, and out‐front, first‐class service.
• #1 Private Lender in the United States
45. Partner Focus
• Academy Mortgage is a locally‐owned company providing
affordable financing and quality customer service
exclusively for buyers of Colorado real estate. Established
in 1995, we offer competitive rates, a broad selection of
mortgage products, and out‐front, first‐class service.
• #1 Private Lender in the United States
46. Learn more about the benefits of
the 203k program by visiting our
website at
http://www.yourrehabloan.com/