realestatemarketingthisweek.com - Real Estate Marketing - Fannie Mae is proposing to give you a 50 year loan modification with an adjustable rate - With Michael J Barnes and Dan Havey of Real Estate Marketing This Week Part 6 - The next one is that your loan to value on your house has to be at least 90% of the property value. So in other words everyone under 90% gets foreclosed on? Right, if you only owe 80% of what your home is worth, they can foreclose on you, take your house and they dont lose as much money. Back when I was working with Fannie Mae selling repos almost 20 years ago now, they always gave us the figure that they lost 20% of the homes value every time they had to foreclose. So they have plenty of room to sell your house if you only owe 80% on it. So if you owe, lets just throw out some numbers here, lets say your house is worth 0000 and you owe 000 on it, well they are going to lose a little bit but they are going to make it back when they sell your house for 0000. Yes, they would just as soon kick you out and keep their money. Yes, exactly I am not necessarily going to say that Fannie Mae is going to kick you out of your house, however the reason why they have this guideline is very simple, they are not going to lose money on you if they have to foreclose on you when you are under 90%. They certainly are not going to lose very much money. If you have subordinate loans it may be left outstanding and will not be considered in the LTV, so lets just ...

Article by Fortunato

When you are building a new home, the first thing you should consider is evaluating your home loan options. Yes, there are many loan products from different home lenders you can choose from. However, refining your options and getting a loan approval could be a very challenging experience.

Fortunately, you can now get a loan approval easily and at the same time build your dream house all under one roof!

This option is called Home Finance Option and is one of the service extensions provided by Urbanedge Homes, one of the finest Melbourne Home Builders in Australia. Aside from building affordable and stylish homes with innovative, green and smart house plans, Urbanedge Homes believes that the process of building a house should continue through to the loan product.

At Urbanedge Home Finance Option, you have wide choices of loan options and products from 30 different lenders. The bank comes to you. No need to take time off from work because after-hours and weekend appointments are also available.

Home Finance personnel will explain and guide you through the products and help you select a loan product that suits your personal needs. They fill out all the forms and liaise them directly with Urbanedge Homes and your selected lender to ensure construction of your home begins in your projected timeline.

Also, at Urbanedge Home Finance Option, their personnel understand that your finances and family circumstances changes throughout your life. Over time your family can get bigger or smaller, finances change and when it happens, your loan product can change to fit your current financial needs.

As their partner, Home Finance personnel will be there for you 7 days a week. They will update you with new loan products and other developments in the finance and loan industry and will keep you informed of your current choices.

Urbanedge Home Finance option is a free service; feel free to call (03) 8398 1143 even if you have arrangements with another loan elsewhere. You can also visit http://www.urbanedgehomes.com.au/homefinance.aspx for more information.

Or if you want to know Urbanedge House and land packages, their affordable homes with modern home designs and smart house plans, visit their nearest display homes and display centres in Melbourne or visit http://www.urbanedgehomes.com.au/

About the Author

A computer professional who works on the internet helping Urbanedge Homes increase its viewers through optimization. For world class Eco builders visit us online at http://www.urbanedgehomes.com.au