We would like to begin this month’s newsletter by wishing everyone a safe, prosperous and healthy Holiday season. We also wanted to take this time to let our clients, partners and colleagues know how great the current rate environment is. It is crucial that we convey to our clients how interest rates work and when to take advantage of them. In light of everything that has occurred over the last year or so, our government has remained steadfast in attempting to keep rates aggressive for both potential and current homeowners. We personally don’t feel that low interest rates alone will help on the recovery of our economy, but it is definitely essential to the healing process. For the individual looking to purchase a home, the scenario couldn’t be better. It is a buyers market, with a ton of great deals matched with very aggressive and affordable interest rates. For the current homeowner, who may have a rate that is scheduled to adjust, now is the time to lock in to a 30 year fixed program and have an opportunity to maintain roughly the same payment and in some cases lower it. None of us have a crystal ball, so we can’t predict how long these rates will be available, all we can say with confidence is while they are here, we will work with any client and any situation to try and capitalize on them. It may be a very long time before we have this opportunity again, and we want to ensure that everyone we work with gets a chance to take advantage of this market. Call us today and together let’s see what we can accomplish. In the meantime, enjoy this Holiday Season and all the best to you, your family and friends.

We look forward to working with you and for you!!!

The Federal Government is once more trying to breathe some new life into the mortgage market, but will the patient survive? It might not be easy, but the outlook is positive. The Federal Reserve said on Tuesday, they would spend $600 Billion in the coming months to buy the bonds and mortgage-backed securities issued or guaranteed by Freddie Mac and Fannie Mae. The main idea is to increase the availability of credit to consumers for the purchase of homes, which should support housing markets and improve the conditions of the financial markets in general.

How will this affect mortgages?

The larger part of the new program is geared toward ending the mortgage crisis, which was the original intent of the bank bailout plans proposed in September and signed into law in October. With the Fed buying such a large amount of mortgage assets directly, the hope is that this will narrow that gap and drive down mortgage rates. This will ease the credit crisis and will help stimulate the housing market.

If you are current on your mortgage payments and have no more than two 30 day late payments over the last 12 months we can offer you an FHA insured fixed interest rate loan. What you need to qualify:

1. At least 10% equity remaining on the value of your home

2. Minimum of 530 on your middle FICO score for loans up to $417,000.00 and 580 on jumbo loans to $625,500.00

3. Debt ratios up to 60% acceptable

4. Provable income

5. Non-owner co-borrowers accepted

6. Cash out refinances up to 85% of lending limits

Don’t wait until you fall behind on your mortgage payments or have no equity left, do to a declining housing market. If you are currently in an adjustable rate mortgage or have a 1st and 2nd mortgage, now is the time to take advantage of our Hope for Home Owners Program through the FHA. Call now to find out more about this program. We will pre-qualify you absolutely free of charge. Talk to one of our FHA mortgage consultants and start lowering your monthly mortgage payments in 2009.

Aequor Funding Corp. is an approved FHA mortgage company and can be found on the Governments Hope for Home Owners web site (www.fha.gov).

In this new American economy many companies in a broad range of industries must have the capability to adapt to their ever changing markets. Aequor Funding Corp. (AFC) is no different. We are realizing very quickly that both the focus and the needs of our clients are shifting towards FHA lending. We are noticing more and more that an FHA insured loan is the only feasible solution for a client to consider. We are aiming to fulfill that need and become the premier originator of FHA loans in the state of NJ. With this comes the great responsibility of making sure that our clients, partners and colleagues are correctly informed and aware of how these loans are structured and how they can benefit our clients. In utilizing an FHA loan for the purchase of a home, the potential buyer has more flexibility with their down payment and may qualify with putting as little as 3% down. When looking at a possible refinance scenario, an FHA loan program will allow a homeowner to utilize more of their equity to fulfill any immediate need they may have. FHA loans also enhance our capability of getting loans approved for those clients who may not have a perfect credit history. This alone is crucial in stabilizing our real estate market and our economy. It’s these programs that may allow for a person with blemished credit to stay in their home or to take advantage of the tremendous real estate deals presently available and become a homeowner. At Aequor Funding Corp. (AFC) we take pride in the fact that the Loan Officers you or your family or friends will be speaking with are highly experienced and knowledgeable on the FHA programs, products and process. In addition we are constantly staying ahead of the curve in regards to the new government recommended programs that are emerging daily. We will make it our responsibility to keep our clients up to date on these program roll outs as they hit the market. Please remember that Aequor is still your home for your conventional, commercial and specialty financing needs and will now add an increased focus and energy on the very popular FHA loan. All the best!

October 2008 has truly been an exciting and progressive month for Aequor Funding Corp. as we have become the exclusive HUDEXCHANGE representative to offer loans on HUD owned properties for sale in Middlesex County. Please visit our web site www.aequorfunding.com for more details or simply click the HUDEXCHANGE banner below to begin searching for a foreclosed or bank owned property today.





If you are interested in any properties for sale through out the State of New Jersey by the HUDEXCHANGE, we can pre-qualify your loan request and put you in contact with the assigned realtor for that county. Aequor Funding Corp. can arrange various financing plans for your purchase, from conventional loans to FHA loans; including investment properties, primary residences or 2nd homes. Call us now, whether you’re a first time home buyer or a seasoned investor, Aequor Funding Corp. will guide you through the process of purchasing HUD-owned properties for sale in the State of New Jersey.