Dropping Mortgage Rates! - 11/30/07 02:46 PM
Mortgage interest rates have been slowly declining for some time now and this week has been the lowest they have been in quite some time! With that being said, we are getting more calls regarding refinancing. (NOTE: Please refer to another recent post that touches on what to consider when contemplating a refinance. ) Most of these calls are from people that either need to withdraw cash from their home or people who need to get locked into a fixed rate and escape from their ARM. When considering cash out make sure you look at the deal from all angles. What … (0 comments)

Your credit score. Are you on top of it? - 11/27/07 10:50 AM
We all know that your credit score is vital to your home loan process. With this being the case we have touched on this topic several times in our daily blog. I don't want to beat a dead horse, but after working with a few customers recently this topic is fresh on my mind.Do not take your credit lightly. How your credit score is computed is very complicated and nobody really knows the exact formula. Everyone's report is different and it is tough to predict how a given event will specifically impact your report. With this being the case, all we … (0 comments)

Go Tigers! - 11/27/07 10:49 AM
 
We at Professional Mortgage Group, Inc. want to congratulate the Missouri Tiger Football Team for their vicorty over KU and their Big 12 North Division Title!  Good luck in the Big 12 Championship versus Oklahoma and we hope to see you in New Orleans playing for the BCS National Championship! 
 Also good luck to Chase Daniel in his quest for the Heisman Trophy!  Please go to 
http://mutigers.cstv.com/sports/m-footbl/daniel/index.html
and vote for Chase.  Every little bit helps!
Go Tigers!
 PMG, Inc.
… (0 comments)

Mortgage Loan Process - 11/20/07 12:04 PM
The mortgage loan process is something we are asked about everyday and many of you already are aware of. However, I wanted to post this as a reminder to those that do have questions. Remember all of this is available in PMG's "Buyer's Guide" available at http://www.pmg-inc.net/.Mortgage Loan Process (Purchases) Step 1. Getting prequalified for a loan with PMGA. Application - this document will have you provide your financial information to PMG for processing your requestI. Full NameII. Current Address (and previous if in current for less than 2 years)III. Date of BirthIV. Employment informationV. Income informationVI. All assets owned by … (0 comments)

Homeowners Insurance Part II. Lower your premium! - 11/13/07 09:34 AM
In a post last month we discussed Homeowners Insurance.  We focused on the parts of the home insurance policy and how it works. Today's post is part 2 of this segment. As we mentioned last time, you get what you pay for so don't focus solely on price. While this is true, there are ways to keep your premiums as low as possible. Everybody wants to keep their house payment low and escrowing your insurance premium plays a part in this.Some people bounce around from company to company searching for the lowest price at their renewal date. I am not a … (0 comments)

Home Buying Seminars - 11/09/07 10:44 AM
Home buying seminars are a great way to get in front of potential buyers and educate them about the process they will go through in order to purchase a home. Professional Mortgage Group, Inc. have done these in the past and have recently been approached by 2 different real estate agents to assist in their upcoming seminars. This can definitely benefit all parties involved. The agent and lender can gain business they may not normally get and the buyer learns valuable information!Professional Mortgage Groups staff will have a booth with business cards, flyer's, promotional items, applications and most importantly our "Buyer's … (0 comments)

Standard Lending Practices - 11/06/07 03:42 PM
In light of all the turbulent times in the mortgage market, I want to talk about some standard lending practices Professional Mortgage Group, Inc. (PMG) puts into action each and every day. Mortgage Broker's have caught a lot of flack recently for the actions of a few unethical brokers out there. With this being the case, it just makes PMG's set of standard lending practices stand out rather than these practices being the norm for the industry!PMG's Standard Lending Practices include:
We take your application in 1 of 3 ways. Online through our secure application, in person, or over the phone. We … (0 comments)

FED Update - 11/02/07 10:36 AM
As previously reported the FED cut the Federal Funds rate and the discount rate by .25%. The stock market shot up and back down again upon this and some other financial news. Mortgage rates have not really changed, nor do I expect them to adjust significantly either way. Rates are already very low. Buyer's just lack confidence in the market and are holding steady, taking a wait and see approach. Unless "prime" is adjusted, don't expect and big changes. These changes are all done to help improve liquidity for the large banks/lenders. While this may be a bummer if you were … (0 comments)

 

Eric Hemmer

Columbia, MO

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Flat Branch Home Loans, Inc.

Address: 111 S Fifth St Ste 200, Columbia, MO, 65201

Office Phone: (573) 442-3850 x 209

Cell Phone: (573) 424-2169

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