ri: Get to the High Point, Then Climb Higher - 06/26/08 08:11 AM
This Saturday, I climbed Round Mountain in Salisbury, CT, and Mount Frissel, in the town of Mount Washington, MA.  It is a relatively short hike, at just over 1 mile, however, that involves a total of 800 feet of vertical ascent (and about 200 feet of descent along the way) which … (8 comments)

ri: FHA 203(k) is the Key to a Great Foreclosure Deal - 05/28/08 09:53 AM
These days in Providence, I'm seeing a substantial increase in the number of properties listed for 50% or less of the price they last sold at 18-36 months ago.  There are a couple of factors contributing to this:
Relatively low rents Excessive market exuberance when last sold Lack of financing availability … (1 comments)

ri: Wondering why rates are all over the place? It's called "Deleveraging" - 03/06/08 07:59 PM
In the past 10 years, total mortgage balances (1995 to 2004 and 2004-2007 see section L.217) in the United States balooned from $5.128 trillion in 1997 to $14.557 in 2007. 
That's an increase of over 250%!
Where did all that money come from?  In that time, the economy didn't grow by nearly … (1 comments)

ri: Rates improve sharply - will it hold? - 03/03/08 11:27 AM
Last week was just what many loan officers and borrowers were looking for: a week of sharp improvements in rates.  What we saw was a substantial "flight-to-quality" as investors shied away from stocks and moved their money into safer treasury bonds.  This was triggered by several reports indicating higher than expected … (3 comments)

ri: 8 Simple Rules For FHA Financing - 03/03/08 10:44 AM
There has been a lot of talk lately about the resurgence of the FHA loan program.  It meets many of the needs of borrowers who may have qualified for sub-prime mortgages.  Here are some basic guidelines to consider with the FHA option for your clients:
FHA requires some credit: In spite of … (15 comments)

ri: 2008 Economic Outlook Breakfast: Opinions Negative, Research & Technology Key to RI Emergence - 02/27/08 09:35 AM
I attended the Sovereign Bank Economic Outlook Breakfast this morning at the Providence Westin.  This is the 3rd year I've attended this event, and each year seems to bring a larger crowd.  The event's purpose is to unveil the results of a survey conducted in the 4th quarter of the year … (2 comments)

 
Loan Officer: Dan Hartman (Province Mortgage Associates)
Dan Hartman
Providence, RI
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Province Mortgage Associates

Office Phone: (401) 490-4400 Ext.: 114
Cell Phone: (401) 263-8655
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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page

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