The Mortgage Coach serving RI, MA, CT and FL

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Mortgage and Lending - Seacoast Mortgage Corporation, RI (20021119LB & 20031576LL), MA (MC2107) & CT - MLO 10920
Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!

ARCHIVED BLOG POSTS

2008 

OK first time homebuyers!  YES, it IS a great time to buy, BUT you need PATIENCE when buying a short sale property!  Why you ask?  Think you can close in 30 days because your lender told you that you are the "perfect borrower"?  Well, you probably are the "perfect borrower", BUT you are not buyin...
05/28/2008
This is BEYOND the "bubble bursting"!  The gas prices and inflated prices of food and goods is now making the real estate market WORSE!  Are we going to become a "renter society"?  Are the single family homes going to be converted to 2 families and we now all co-habitat? I read an article that th...
05/23/2008
Have you heard about the sign that someone was holding during a campaign rally for Hillary Clinton? It said : "HILLARY, SHINE MY SHOES".  Very little press covered this story. Ok, let's suppose someone at an Obama campaign held the sign: "OBAMA, SHINE MY SHOES".  What press do you think that woul...
05/22/2008
Many people believe when the Federal Reserve lowers rates, the mortgage rates go down.  UNTRUE!  Rates are predicated upon several factors; the main one being how the foreign investors view our dollar.  If they sell our bonds, our rates go up and vice-versa. So, when the Federal Reserve lowers th...
05/22/2008
I can not believe it!  Good things DO happen to good people!  One of my clients called today and said they received a letter from their mortgage holder that they were REDUCING their principal balance AND reducing their payment!  The client was NOT in any foreclosure situation and was only behind ...
05/13/2008
OK, let's be honest here on Active Rain.  As realtors, mortgage brokers/lenders, appraisers, title attorneys, etc... have YOU ever made a mistake and did NOT own up to it? As an example, I just was involved in a transaction with a first time homebuyer referred to me by another client.  They came ...
05/12/2008
Ok...check out this scenario:690 credit score; 20 year job history in the police department; also a part-time job for 1 year and will continue indefinitely; DTI ratio of 53%; $70,000 in reserves; will SAVE $1000/month if FHA will allow a refinance. NO mortgage lates; no credit card lates; NO LATE...
05/06/2008
Ok, it's the SPRING market and here come the zillions of OPEN HOUSES.  What REALLY attracts the buyers?1) Do all the balloons, signs bring in the buyers?2) Offering a raffle for a dinner for two at a "posh" restaurant?3) Having a mortgage broker/lender present at the open house?4) Advertising in ...
05/05/2008
Wow! We are getting SQUEEZED tighter every day.  Check out the credit score pricing which will come into effect June 1, 2008 (some lenders have adopted this already!):https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0804.pdfSo if you have less than a 720 credit score, you will NOT receiv...
05/04/2008
Realtors: Until you know , and I mean KNOW FHA guidelines, have an appraiser or "lender of choice" visit your property for a "quick pass-through" to determine if your listing can be financed by an FHA program.Here are the main guidelines in quick summary form:1) Look online to see if your listing...
05/04/2008
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Ann Sabbagh

President, Sr. Loan Officer
smartphone508-243-1190
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Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!