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    <title>Valeo-Croy Team</title>
    <link>http://www.valeocroyteam.com</link>
    <description>The Valeo-Croy Team is one of the leading and most successful Charlotte Home Mortgage teams of loan professionals in the US.</description>
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      <title>Buy your new home before your new job starts...</title>
      <link>http://www.valeocroyteam.com/blog/2012-05/buy-your-new-home-before-your-new-job-starts.htm</link>
      <description><![CDATA[ 	    " Yesterday is history, tomorrow a mystery, today is a gift; that is why they call it the present"      	  On conventional loans we will consider using income from future employment.&amp;nbsp; Example:&amp;nbsp; A professor has a signed bona fide contract, and wishes to purchase a month before employment starts and received a pay stub. &amp;nbsp;The key is the employment contract; below are the limitations:    	 		   Income from the new job must meet the following guidelines:    	 		   Allowed only  ..... ]]></description>
      <pubDate>Mon, 14 May 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-05/buy-your-new-home-before-your-new-job-starts.htm</guid>
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      <title>$1000 Collection/Judgment Rule for FHA Delayed Until July 1, 2012</title>
      <link>http://www.valeocroyteam.com/blog/2012-04/1000-collection-judgment-rule-fha-delayed-until-july-2012.htm</link>
      <description><![CDATA[ 	   As of Monday April 9th (yesterday) the new FHA rules for judgments and collections were to go into effect: &amp;nbsp;The new rule limits total collections/judgments not needing to be paid off to $1000 per borrower; this includes medical collections. &amp;nbsp; This limitation is a big change FHA did allow&amp;nbsp;most medical collections to be ignored. &amp;nbsp;Read the entire mortgagee letter at :  HUD Letter     	   FHA has announced that this new $1000 rule will be delayed until July 1, 2012 .vs.  ..... ]]></description>
      <pubDate>Tue, 10 Apr 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-04/1000-collection-judgment-rule-fha-delayed-until-july-2012.htm</guid>
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      <title>The cost of doing a FHA loan goes up April 1, 2012</title>
      <link>http://www.valeocroyteam.com/blog/2012-03/cost-doing-fha-loan-goes-up-april-2012.htm</link>
      <description><![CDATA[ 	  "The mind that is that is anxious about future events is miserable." ~ Seneca    	  Just a quick reminder that the cost of doing a FHA loan goes up on April 1st. &amp;nbsp;We as lenders' need to get case numbers assigned by the 30th to keep the lower costs for our clients. &amp;nbsp;Please make sure to have your fully executed contracts to your lender by early Friday March 30th to assure the lower lending costs for your client.    	  As a reminder, the Up Front Mortgage Insurance premium will  ..... ]]></description>
      <pubDate>Sun, 25 Mar 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-03/cost-doing-fha-loan-goes-up-april-2012.htm</guid>
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      <title>Forced Place Insurance - Beware of its high costs...</title>
      <link>http://www.valeocroyteam.com/blog/2012-03/forced-place-insurance-beware-its-high-costs.htm</link>
      <description><![CDATA[ 	 		 			 				 					   "There is more pleasure in loving than being loved." ~ Thomas Fuller&amp;nbsp;    				 					  Deanna and I have been getting the   Mecklenburg Times   for years and they have a syndicated columnist  named  Benny Kass   of Inman News (great publication). He recently did an quick Q&amp;amp;A on forced placed insurance and I thought it is always a good reminder to get the message out to our clients' about what can be done if the mortgage company servicing your loan thinks you do  ..... ]]></description>
      <pubDate>Mon, 12 Mar 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-03/forced-place-insurance-beware-its-high-costs.htm</guid>
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      <title>FHA Increases UFMIP and Monthly MI April 1st - How Does it Effect You?</title>
      <link>http://www.valeocroyteam.com/blog/2012-03/fha-increases-ufmip-monthly-mi-april-1st-how-does-effect-you.htm</link>
      <description><![CDATA[ 	 		 			 				 					&amp;nbsp; 			 			 				 					"Kind Words are the Music of the World." ~&amp;nbsp; F. W. Faber&amp;nbsp;  				 					 					Dear Todd, &amp;nbsp; 				 					 FHA Increases Their Up Front and Monthly Mortgage Insurance Premiums April 1 2012 - How Does it Effect You?  				 					 In today's real estate market, many buyers are opting for the FHA route for obtaining their mortgage.  FHA loans are different from Conventional loans in many ways, mainly an FHA loan is a Government loan that only  ..... ]]></description>
      <pubDate>Mon, 05 Mar 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-03/fha-increases-ufmip-monthly-mi-april-1st-how-does-effect-you.htm</guid>
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      <title>USDA 100% Financing - Limits in the Charlotte MSA</title>
      <link>http://www.valeocroyteam.com/blog/2012-02/usda-100-financing-limits-charlotte-msa.htm</link>
      <description><![CDATA[ 	  "Kind Words are the Music of the World." ~&amp;nbsp; F. W. Faber&amp;nbsp;     	  USDA for the most part is the last of the 100% options open for buyers.&amp;nbsp; An important feature of USDA is the need for the property to be in a   qualified area   and the need for borrowing   family's income   not to exceed income limits. &amp;nbsp;    	  In the Charlotte MSA income limits are as follows:    	  ·&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Anson Co (NC) and Lancaster Co. (SC) the Limits are based  ..... ]]></description>
      <pubDate>Mon, 20 Feb 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-02/usda-100-financing-limits-charlotte-msa.htm</guid>
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      <title>Don't File Your Taxes If You Are Self Employed and Need a Mortgage</title>
      <link>http://www.valeocroyteam.com/blog/2012-02/don-file-your-taxes-you-are-self-employed-need-mortgage.htm</link>
      <description><![CDATA[ 	  "If we all did the things we are capable of,&amp;nbsp;we would astound ourselves." ~&amp;nbsp; Thomas Edison&amp;nbsp;     	  This time of year many of our self employed client's approach us about using their 2011 income to qualify for the purchase or refinance of their new home.&amp;nbsp; We can help give guidance on whether their income will be enough to purchase the home they desire.    	   The rule is that any borrower with 25% ownership in a company or more must supply their personal returns and the  ..... ]]></description>
      <pubDate>Mon, 13 Feb 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-02/don-file-your-taxes-you-are-self-employed-need-mortgage.htm</guid>
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      <title>FHA and USDA: What Repairs are needed?</title>
      <link>http://www.valeocroyteam.com/blog/2012-01/fha-usda-what-repairs-are-needed.htm</link>
      <description><![CDATA[ 	 		 			 				 					&amp;nbsp; 			 			 				 					  "If we all did the things we are capable of,&amp;nbsp;we would astound ourselves." ~&amp;nbsp; Thomas Edison&amp;nbsp;    				 					 Last week we had a client buying a home where the windows were painted shut. &amp;nbsp;It was a purchase loan using a FHA loan and FHA requires the at the windows all open for safety reasons. &amp;nbsp;I thought this may be a good time to review what repairs are typically needed if you do a FHA purchase (or USDA they use the same  ..... ]]></description>
      <pubDate>Mon, 23 Jan 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-01/fha-usda-what-repairs-are-needed.htm</guid>
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      <title>Will Home Values Rise in 2012?</title>
      <link>http://www.valeocroyteam.com/blog/2012-01/will-home-values-rise-2012.htm</link>
      <description><![CDATA[ 	 Will Home Values Rise This&amp;nbsp;Year?   	 Posted on    January 13, 2012     by    valeocroyteam       	 		 http://www.msnbc.msn.com/id/32545640  	 		 Will your home gain value over the next 12 months? Nobody can know for sure, of course, but should recent housing trends continue, there's concrete cause for optimism.  	 		 The housing economy has suffered since 2007, knocking home values down nearly 20% nationwide. And while some areas have fared better as compared to others but, in general,  ..... ]]></description>
      <pubDate>Fri, 13 Jan 2012 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2012-01/will-home-values-rise-2012.htm</guid>
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    <item>
      <title>15YR FHA may be best with 22%+ equity - No Power Lines</title>
      <link>http://www.valeocroyteam.com/blog/2011-12/15yr-fha-may-be-best-with-22-equity-no-power-lines.htm</link>
      <description><![CDATA[ 	 Deanna and I recently had a Realtor come to us with a FHA buyer interested in purchasing a new home in a subdivision. &amp;nbsp;Unfortunately the home we located within the fall zone of a high voltage power line tower. &amp;nbsp;Per FHA (also VA and USDA) rules this home cannot be financed by HUD. &amp;nbsp;Therefore we were unable to finance the property using FHA. &amp;nbsp;Fortunately the client had the 5% of their own funds for a down payment and we could go conforming. &amp;nbsp; 	 	Remember as well the  ..... ]]></description>
      <pubDate>Tue, 27 Dec 2011 00:00:00 EST</pubDate>
      <guid isPermaLink="false">http://www.valeocroyteam.com/blog/2011-12/15yr-fha-may-be-best-with-22-equity-no-power-lines.htm</guid>
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