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• Buying a Home in Today's Economy

  Created: Thursday, 29 October 2009

  Buying a home can be an expensive challenge in today's economy. The question is do we buy small and then trade up or rent until we can afford the high-end of living? Buying a home is smart thing to do if the time is right and one is financially sound an...

• Is the FHA now using common sense mortgage underwriting?

  Created: Friday, 23 October 2009

  FHA is loosening their requirements for borrowers going a little over board with what they should be spending on their mortgage. The lenders calculate what a person should be paying using a formula called "œratios". Currently, these ratios are around 31/...

• Operations Bad Deeds: Mortgage Fraud

  Created: Thursday, 15 October 2009

  A loan shark is a person or entity that offers unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. Mortgage fraud is defined as a criminal act where the intent is to misrepresent or omit information on ...

• FHA raises standards for mortgage lenders and loan officers

  Created: Tuesday, 13 October 2009

  In hopes of improving the quality of all mortgage lenders, the US government has created the nationwide S.A.F.E. Act. This Act creates much guidelines and standards to increase the bar of those working in the mortgage industry, among many other things to ...

• Removing Private Mortgage Insurance

  Created: Friday, 09 October 2009

  The rule is that once your LTV goes below 78% percent of the current home value, you can get the PMI removed. Consumer advocates tried to get it so it would automatically be removed by the lender, but they lenders argued that it was too much work, and th...

• The importance of repeat phone calls, harassing and begging

  Created: Wednesday, 07 October 2009

  As a mortgage loan officer, I am simply a salesperson. In other words with this innate skill, I should be able to sell anything from socks to snowballs.  People say, selling is an art, but I think it is a skill you are born with- like playing the flut...