How often in life is something given away for free. Yes, many advertisements offer items for free, but when one reads the fine print or does further investigation, they quickly realize that nothing is truly being given away. Instead, the word free is just being used to offer incentives to the potential customer. The exception [...]

The amount of information requests regarding the current $8000 tax credit has been plentiful over the last few months. Today, a potential borrower brought to my attention a scenario that should certainly interest a certain sector of the population. The soon to be first-time buyer asked:

Many Americans find themselves in a similar position today. They have a mortgage payment that is either too high because of a loss in gross income or because their mortgage adjusted and thus their rate has increased. While some of these people have been able to refinance or purchase because they have maintained their credit, many others have seen their bills overwhelm them and thus have lowered their credit scores below the acceptable mark. What can one do to make things better for themselves financially?

 
While there are many potential borrowers that think they are serving their interests best by calling places and asking for a rate or using a big name financial institution instead of a quality service mortgage lender perhaps there are better ideas out there. After reading through hundreds upon hundreds of comments regarding the current mortgage [...]

All potential borrowers have different things that they determine to be most important when searching for a mortgage. Many customers will be driven solely by the interest rate or funds needed to close, while others might be most concerned with less important evaluators like APR. While all of these are legitimate concerns and should always [...]

A perfect example of why dawdling with your mortgage decision can cost you valuable money came directly through a customer of mine. This customer called in a few weeks ago and was looking to refinance his FHA loan, in order to consolidate some debt and lower his monthly mortgage payment. This customer agreed to a [...]

When purchasing a home or refinancing your current residence, there are many questions a potential mortgage customer must ask in order to arrive at the best possible option for financing.  While many Americans focus on the interest rate or the total estimated funds needed to close when determining their lender of choice, this is not [...]

Good morning readers,
Saturday feels oh, so good after the heck of a week the market took thanks to all of the subprime credit

problems institutional lenders have been seeing. Think about it, if we were talking inside of a Starbucks one year ago to the day and I told you that by this time next year [...]

Everyone Is Finally Making The Switch From Toxic SubPrime to FHA!If I didn’t say it earlier I’ll say it now, I told you so! Okay, maybe I didn’t, but it’s obvious that FHA is the way to home financing you deserve and I think that as informed consumers you’d appreciate the news I’m about to [...]

Countrywide, as one of the largest wholesale mortgage lenders pushing sub-prime loans, was sued for alleged deceptive mortgage practices by officials in its home state of California and in Illinois on Wednesday.
Marking the end of an era, shareholders the same day approved the company’s takeover by Bank of America  at a private meeting conducted by [...]