Dora Griffin's Blog

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Mortgage and Lending - D A Griffin Financial.LLC - NMLS 6380
RECENT BLOG POSTS
SAVING THE SALT OFF YOUR POPCORN   In reading a comment on a recent blog I wrote about gas price savings it brought to mind savings and its importance to home ownership. There are plenty of mortgage loan programs these days where a down payment can be gifted or zero down is required. This does no...
02/18/2015
WHAT ARE YOU DOING WITH YOUR GAS MONEY?  When  you live in the world of consumer financing such as a mortgage broker you keep your eye on all kinds of data to help guide borrowers in making sound decisions. Generally negative economic news lowers rates and positive news drives them up.    Gas pri...
01/14/2015
AVOID REFINANCE YO  YO   In working with a couple recently on a refinance we looked at several options. Because they had an existing rate in the "6's" refinancing totally made sense. The question was: To what? In explaining options I usually use "The Price Is Right" analogy. Door #1, Door #2, Doo...
01/12/2015
WHAT LOWER FHA MIP PREMIUMS MEAN     For those in the lending world lower MIP premiums will cause us to take a second look at FHA for our borrowers.  Since HUD made some changes that increased the up front premium to 1.75%, increased the monthly MI to 1.35% AND made MIP permanent for maximum loan...
01/09/2015
STICKY FHA APPRAISALS I am currently working on a FHA purchase loan where the seller had accepted a previous FHA offer. The first buyer of the property applied for a FHA loan and went so far that an appraisal was completed.   When an appraisal is done for a  FHA purchase it sticks with the proper...
11/12/2014
WHAT DOES A MORTGAGE BROKER DO? As a Kentucky mortgage broker I get calls from home buyers and home owners who often simply ask me to explain what a mortgage broker does.  Mortgage brokers take applications, collect supporting documents, pull credit, and use their experience in mortgage originati...
10/28/2014
CAN I STILL GET A SUB PRIME MORGAGE LOAN?   Are there still sub prime loans available? Over the last few years the mortgage lending field has changed a lot. Recently the "qualified mortgage" has been analyzed and implemented. The CFPB set new guidelines for a qualified mortgage, ability to repay,...
08/01/2014
HARPING ON HARP REFINANCES   Our beloved government did several things to help housing recover from the collapse... Yes, it is possible they can do something well for us. One of the best things they did was the Home Affordable Refinance Program. (I know, wouldn't affordable home refinance be a be...
07/09/2014
BUYING A HOME AFTER FORECLOSURE/SHORT SALE   The housing collapse/financial crisis of the last few years affected many home owners. Still our economy is struggling to recover. I get many calls now from folks who want to know when they can buy a home after they suffered a foreclosure/short sale. T...
07/09/2014
  THIS FORT THOMAS LIBRARY JUST FOR KIDS! Each time I walk down one street in Ft Thomas I'm reminded of what a great idea this is. The home owner built a library of kids' books where kids on the street can check out a book and return it. What a great way to keep kids interested in reading and a g...
07/02/2014
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Dora Griffin

NMLS 6380
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