Consumers Beware: If you have collection accounts that are over a year old and you are told by a mortgage loan officer to pay them off in order to get yourself ready for a mortgage hang up on them. For more information call Dale Stouffer at 480-226-3020 to get the scoop.
Showing posts with label mortgage help. Show all posts
Showing posts with label mortgage help. Show all posts
Tuesday, March 4, 2008
Monday, March 3, 2008
Ing Direct to the rescure on Jumbo Loans, the orange mortgage
When the subprime meltdown got going, Jumbo mortgage rates got hammered. Rates shot up from the high 6’s to the low 8’s. We can now do a stated income loan up to 1.5 million for the low 6’s again. I know that the high end market has been sitting a bit. Hopefully this will come as a shot in the arm to help stimulate the higher end of the real estate market.
For additional Real Estate articles go to GetPrequalified.com.
The Subprime mess and Mortgage Meltdown
As a mortgage professional I am still scratching my head over all the the foreclosures going on in this country. I can proudly say that I have not had one loan that I have written ever foreclose. A good loan officer knows if there is a problem. It’s not that hard to figure out if someone is going to be able to keep up with payments over the long haul. What do you think we need to do to keep the bad loan officers out of the business? Do you think that we need to have a national licensing program? I can tell you that I have had enough of being lumped into the same pool as these other less than reputable loan officers.
Additional Articles GetPrequalified.com
The VA loan limit is not going to be raised in 2008
For months there has been speculation that the loan limit for VA financing which currently is at $417,000 would be raised in 08. The projection was that it would be over $500,000. The news now is that it is not going to happen. From a real estate market standpoint, I think the market would benefit from an increase. With increasing home prices, the low end luxury market is really suffering. I think that it would be a good boost to the overall health of the real estate market. Do you think this is a good or bad idea to leave them where they are at.
For more articles on mortgages go to GetPrequalified.com
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