Birdhouses

 

Bird nest birdhouse condo

A simple post about my birdhouse projects. I'm  making birdhouses, mistletoe decorations and house gifts for the coming season. My Pinterest page has more than 250 photograph's I have taken of local birdhouses.
It gets me thinking about home, shelter from the world for all of us.
I'm on my kitchen table.  Sunday dinner is made but we are waiting for my son to finish his Calculus homework. Wishing you a joyful home

Redlining

Redlining is considered discriminatory and prohibited by the ECOA.[1] Redlining refers to the actual or figurative act of drawing red lines around certain areas of a city to  exclude unfavorable areas for home or commercial loans. If a borrower wished to obtain a loan secured by property contained within the red lines, he or she would be denied or given onerous loan terms unrelated to the applicant’s ability to repay. For example an area that is predominantly on racial component, or high crime rates, or happens to be next to the mosque... a mortgage loan might be more expensive rate or unavailable.  The FDIC referred to this practice as “destructive, morally repugnant, and against the law.”[2]

 

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[1] Hillier, Amy. “Redlining in Philadelphia.” http://cml.upenn.edu/redlining/.

[2] Federal Deposit Insurance Corporation. Policy Statement on Discriminatory Lending. 59 Fed. Reg. 18267, Apr. 15, 1994.

In recent history, lenders  attempted to implement a practice known as reverse redlining. This practice targets credit consumers once thought to be undesirable loan candidates and offers exploitative sub-prime home loan products calculated to deplete the applicant’s wealth. Reverse redlining targets racial minorities, elderly, immigrant and other vulnerable populations by extending oppressive lending terms likely to result in default and foreclosure. Instead of offering access to credit to communities once excluded due to redlining, reverse redlining directly targets these groups, reduces urban growth and further adds to the problem of inner-city property declination.[1]   [1] Squires, Gregory D. Predatory Lending: Redlining in Reverse. Jan/Feb 2005. http://www.nhi.org/online/issues/139/redlining.html.

Foreign National Mortgage

C G Barbeau Caroline Gerardo the loan lady contact NMLS#324982


Foreign National having trouble getting a mortgage loan in the United States?
We can do them but first you might want to establish an ITIN number with the IRS and open two secured credit cards in the United States with a bank that operates in the state where you would like to purchase property.
Link how to:
http://www.irs.gov/Individuals/Individual-Taxpayer-Identification-Number-(ITIN)

The reason Foreign Nationals would want to do this is it establishes credit in America. If you are Canadian citizen, you will only have a Beacon score. The mortgage interest rate on loans in the United States is built from your credit score.

If you are a citizen of another country you can develop an international credit report from aa minimum of four trade lines from your home country, but the FICO score won't be high.

Want to purchase rental or investment properties in California?

Let's talk.