CRAM DOWN - More relief for liars! - 02/26/09 12:20 PM
Consider this -
As has always been the case, people try to hide income from the IRS.  Liar loans became the mortgage of choice for these homeowners.  They claimed an income that was higher than they reported on their tax returns.  Yet, somehow they were able to make the payments for years - probably from those under-reported income dollars that they hid from the IRS.  Today, there is talk about forcing lenders to modify loans where the mortgage payment exceeds a Magic Ratio of their income.  But what income are they looking at to make this determination? 
My questions is - … (6 comments)

Stimulus Highlights - SMOKE AND MIRRORS - 02/23/09 12:31 PM
 
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Housing Bill Details - Not! - 02/13/09 01:31 PM
Special Report02/12/2009The financial markets have had a lot to digest in the last two days: - Treasury Secretary Geithner announced an all-encompassing plan that had the complete opposite effect on Wall Street and was bereft of any real details.  This is already being used as a case study by universities on how not to make a public policy statement.  We have already issued a Special Report on the broad strokes of this "policy".
-  The Senate finally passed their version of the "stimulus" bill and late on Thursday a compromise was reached between the Senate and House on the largest social grab-bag … (0 comments)

WHAT IS MY HOME WORTH? - 02/06/09 04:30 PM
If you have applied for a mortgage recently, you have probably found that your appraised value is lower than you hoped it would be.  If you have applied for a mortage refinance you may have found that the appraised value is lower than it needed to be for you to refinance.  If you are an appraiser, you may have found that it did not matter what level of documentation you provided, the underwriter wanted more before they would accept your appraised value.  And, if you are a mortage broker you are probably wondering why the hell you are still fighting this … (1 comments)

4% Mortgage Rates - Don't Hold Your Breath! - 02/06/09 03:51 PM
For those of you that hear that mortgage rates will be dropping again and turned down a 5.5% rate, please read this - Special Report -
02/06/2009The number one topic of conversation among borrowers and loan officers right now is: We hear that the government is working on a program that will make rates 4%.  Is this true and should I wait to lock in my loan?The constant barrage of media coverage on this topic has only made it even more confusing for consumers.So what is going on?We have called our inside sources and our Washington D.C. contacts and have confirmed … (7 comments)

 
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Angelo Cusinato |CRMS, CMC|Mortgage Specialist

ANGELO CUSINATO

Barrington, IL

More about me…

Resource Plus Mortgage Corp.|Angelo Cusinato

Address: WILLIAMSBURG VILLAGE, 1600 COLONIAL PARKWAY, INVERNESS, IL, 60067

Office Phone: (847) 359-5300 x 223

Cell Phone: (847) 209-9458

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Why overpay for a home by overpaying for a mortgage? We put education at the top of the list for homebuyers & prepare them to get the right mortgage the first time and every time. Check our website at www.resourceplusmortgage.com for helpful information


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