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"So what's my Phoenix home loan rate"? This is the question asked to loan originators everyday from…
Ever wonder how underwriters find out all the details about a buyer or a property? One of the…
Home Buyer Tax Credit Extended The House of Representatives on Thursday approved an…
How much are the closing costs for a purchase transaction? 2. 5%, 3%, 3. 5%, 4%? We get asked this…
We are often asked what the difference is between a mortgage broker and a mortgage banker. Here's…
Best Interest Rate or Lowest Closing Costs? Plus, NO Lender Fee, NO Closing Costs Mortgages…
Borrower funds used for the down payment, closing costs, and reserves must be "seasoned" for two…
As the holidays approach, there will be questions about whether income from seasonal employment can…
$8000 Tax Credit Possibly Extended For Military Personal No news yet about the possible…
There is a lot of confusion regarding when someone should get a conventional loan versus an FHA…
New FHA Appraisal Rules - 09/30/2009 05:21 PM
Effective January 1, 2010, mortgage brokers and mortgage bankers will no longer be allowed to order…
This is something that will have incredibly far-reaching effects in the real estate industry…
Loan Fraud Red Flags - 09/17/2009 09:38 AM
We get a lot of questions about loan fraud - how does anyone know if something's fraudulent, who…
We're often asked what the process is for getting the HUD-1 Settlement Statement prepared. Here you…
If a couple wants to buy a new primary residence and keep their current house as a rental, but are…
As of today, about half of the mortgage brokers in Colorado are no longer allowed to sell loans. We…
How High Can the DTI Go? - 08/28/2009 10:06 AM
We are often asked what the maximum allowable debt-to-income (DTI) ratio is for the various types…
MORTGAGE INTEREST RATES ARE GREAT TODAY. BUT WHAT ABOUT TOMORROW? Let's face it, mortgage…
If a borrower does not have enough money to pay for the required down payment, it is permissible to…
$8,000 Tax Credit Expires Soon - 08/20/2009 05:05 PM
There is much news these days about an extension to the $8, 000 first-time homebuyer tax credit…
In this market it takes an extraordinary amount of energy to get a loan closed with new regulations…
It's important to make sure your mortgage broker is reviewing the title commitment on all your…
How to Avoid Closing Delays - 08/10/2009 09:17 AM
The new Truth-in-Lending law recently went into effect. One of the most important parts of the law…
Read the Counter-Proposal! - 08/10/2009 09:11 AM
We're seeing a lot of sales contracts with counter-proposals from the seller stating that the…
Not my post - this is re-blogged but well worth reading as it happens everyday. Unfortuntely,…
For loan applications taken on or after July 30, 2009, the Mortgage Disclosure Improvement Act…
Who Decides if an ILC is Needed? - 07/22/2009 10:00 AM
We are seeing an increasing number of title companies requiring an improvement location certificate…
The $8, 000 income tax credit for first-time home buyers expires on December 1, 2009. If the buyers…
New qualifications rules go into effect for certain types of Fannie Mae loans on October 1, 2009…
One of the most common questions we get asked is "What is the property tax credit and how is it…
WHITE HOUSE WIDENING MORTGAGE REFINANCE RELIEF PROGRAM The Obama administration has made…
HUD Conference Call on Condos - 06/30/2009 02:18 PM
Want to get the scoop on all the changes to the FHA condo approval process? Following is the HUD…
FHA loans are great loans. However if you're thinking of FHA financing for a condo, there are…
No More FHA Spot Approvals - 06/23/2009 02:54 PM
HUD has done away with their "spot approval" process for condominiums. A spot approval was a way to…
Here are some more recent changes to the Fannie Mae guidelines. -- Tip income may be used to…
There have been some important changes to the Fannie Mae underwriting guidelines that are sure to…
HUD has recently announced that the $8, 000 income tax credit for first-time home buyers can be used…
Fannie Mae is changing its requirements for non-traditional credit. Non-traditional credit is used…
Electronic signatures on real estate sales contracts are becoming common, but there are a few…
FHA ANNOUNCES CONSUMERS CAN USE THE $8000 TAX CREDIT FOR DOWN PAYMENT Consumers across the…
Credit Score Tips - 05/28/2009 09:46 AM
GMAC just raised their minimum credit score for FHA loans to 600. They were the last holdout at 580…
New Class Schedule - 05/26/2009 07:53 PM
Our new class schedule is now available on our web site. Here's the link: http://www…
How hard it is to pre-qualify or pre-approve a borrower now than it was 2 years ago? Some…
New Appraisal Rules - 05/12/2009 07:13 PM
Confused about the new appraisal rules? Here's what you need to know: Beginning May 1, 2009, all…
We've been receiving calls all day about the "announced" ability to use the $8000 first-time…
FHA loans seem to be the most used mortgage program of 2009. Is it because it's the best…
Dear Borrower, As most of us know, most of us in any business are here to make a profit, to…
Are we larger than life just because we work for a large company or a well recognized name in…
New Condo Insurance Rules - 04/26/2009 07:18 PM
There are new rules regarding insurance coverage for attached condominium projects. For all loan…
A number of people recently asked us if they could borrow money from their 401(K) or mutual fund…
Ever wonder what the processing fee and the underwriting fee are for on a Good Faith Estimate and…
UPDATE : 4/16/09 @ 12:59 pm - I just wanted to add this because of a few comments about the term…
We are often asked if the property tax credit (the pro-rated share of the property taxes that is…
Tax Credit Reminder - 04/14/2009 09:15 AM
By now, you would think everyone knows all about the $8, 000 tax credit. Don't make that assumption,…
99.395% Financing with CHFA Loans - 04/14/2009 09:11 AM
Need 100% financing with an FHA loan WITHOUT getting a gift or a loan from a relative? Check out…
Important Point to remember - Never assume that conventional mortgages are cheaper than FHA…
And the borrower screamed out from on top of Mount Olympus, "I want the cheapest mortgage,…
Can lower mortgage interest rates play tricks on your mind? Does it help when the…
Need some CEU's? We are approved by the State of Colorado to offer continuing education units for…
One of the most common questions we are asked is what is the difference between the loan…
The Death of Private Mortgage Insurance Companies Ahhh the ever hated PMI on your home loan. The…
Ever wonder why there are two closing fees on a Good Faith Estimate (if it's done correctly) and on…
VA Loan Limits Have Increased - 03/11/2009 09:30 AM
The loan limits for 100% financing have gone up for VA loans in some areas. Here are the new…
How many of you make guarantees and or promises? We are all human and I think this is easy to…
How many times do we see advertisements that seem too good to be true. How about the small…
All About Mortgages & Real Estate - Please join me live, Jeff Belonger, on my radio…
The guidelines for the new mortgage bailout programs, the Home Affordable Refinance and the Home…
So you are looking for a mortgage to help purchase your new home or to refinance your current…
FHA Mortgage Limits Raised Again - 03/03/2009 06:52 AM
The new stimulus act has raised the FHA loan limits again. The new 1-family limit for the Metro…
Don't we all, want that best deal… My first several transactions in my second year in…
The details are out on the new $8, 000 tax credit for first-time homebuyers that is a part of the…
How do you like people to treat you? You search for a professional in any market. You know…
How much crap can one take anymore!! Wait a second on that one… actually, how much crap can one…
When rates dipped many folks took the opportunity to refinance their homes. A few weeks back we saw…
FHA Quick Reference Guide - 02/24/2009 08:13 AM
FHA loans are rapidly becoming the most popular loans. One reason is that mortgage insurance for…
 
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