Mortgage / Interest Rates
New Changes To The HUD-1 Settlement Statement
Friday, January 22nd, 2010Our team took a class yesterday (thanks SETCO!), letting us know everything about what’s being changed on the HUD-1 Settlement Statement as of January 1st, 2010. The class was given to us by George Brannon Sr, one of the smartest men we know. Anyway, a lot of things have changed on the HUD-1 Settlement Statement [...]
Now’s Still A Great Time To Get A Low Interest Rate
Monday, December 14th, 2009It’s still a good time for real estate buyers to get a mortgage loan under 5 percent. Last year around this time, the average rates were hovering around 5.48 percent and it has declined over the succeeding months. So, it’s a great time to buy a home or condo with rates this low and prices [...]
Freddie Mac Home Loan Modification
Thursday, October 8th, 2009Freddie Mac, a secondary mortgage provider, has hired a private vendor to go door to door in an effort to help home owners modify their loan. Many eligible owners who are facing foreclosure are not responding to service’s inquiries from mail and phone calls.
Many do not know that they are qualified for the President Initiative, [...]
100% LTV Loans in Panama City Beach
Tuesday, June 9th, 2009Many borrowers are at the beginning of their careers and heading towards their affluent years. They have not quite saved enough for the down payment for a new or existing dream home that has become available. Our 100% LTV program with a fixed rate fits their needs to meet their housing requirements now. [...]
Homeowner’s Stability Plan
Thursday, April 2nd, 2009The current administration is working with financial Institute to make mortgage payments affordable. Given the condition in the employment and housing market, many home owners are finding it very difficult keep-up their mortgage payment.
The Government has encouraged mortgage companies to work with home owners to modify mortgages and keep people in there homes.
More information can [...]
I love this property, but…
Wednesday, December 17th, 2008How many times have you viewed a property and that exact same phrase is uttered? Often the objections are the same as you mentally inventory what you would like to do to the house to make it your home. The kitchen cabinets and appliances need to be updated, the flooring is worn or [...]
Customer Satisfaction Ranks Released on Banking Institutions
Tuesday, October 21st, 2008J.D. Power and Associates released a report yesterday outlining the 2008 Primary Mortgage Origination Satisfaction Study and the study finds that consumers are more satisfied this year over last year. Among the top lending institutions were SunTrust Mortgage Corporation, National City Mortgage, Wachovia, Wells Fargo, Bank of America, WaMu/Washington Mutual, CityMortgage/Citibank, GMAC Mortgage, Chase and [...]
Global Interest Rate Cut
Thursday, October 9th, 2008In an effort to divert a global economic meltdown, major banks across the world have synchronized in slashing interest rates .
Tony Fratto, a White House spokesman said, “It’s important and helpful that central banks are working in a coordinated way to deal with stress in the financial system.”
The Fed cut it’s rate from 2% to [...]
Bank of America To Help Homeowners
Monday, October 6th, 2008For those of you who didn’t know, Countrywide Financial Corporation was acquired by Bank of America back in June. At the same time the lending giant was being “bought out,” a lawsuit was being filed by Illinois and California stating the bank had used deceptive mortgage practices, which lead to an enormous amount of failing [...]