Are Mortgage Losses Near an End? - 12/16/08 09:56 AM
Are we near an end to the massive losses in the mortgage world? If any of you caught "60 Minutes" this past Sunday, you already know the answer. The answer is a resounding NO. I hate to say it, but I have wondered if this was the case. As a mortgage broker we know full well what products were being offered by lenders. Some were ultra aggressive and downright stupid. They were destined for failure. This is why we very rarely did subprime loans and never once marketed or closed a Pay Option ARM! Our clientele did not fit these products … (0 comments)

How Will Local Businesses Prevail? - 12/09/08 10:25 AM
We have talked quite a bit about the economy as a whole. It is bad, really bad. We all know this. The one positive is that the government is working hard to fix the problem. Not all that has been done has worked or will be the end all be all in the future, but it is progress. It is much better than sitting idle and watching everything crumble! They will eventually get it right, it is just going to take some time. While we wait for all strategies to take effect, what companies and small businesses will make it. By … (0 comments)

4.5% Mortgage Rates? - 12/04/08 11:28 AM
Yes you did read the headline correctly. Don't get too excited, because rates are not there yet. However, there is hope. First rates already dropped significantly on the news of the governments cash injection into the MBS market. This money has not even hit the market yet and they are already discussing injecting more money. There is also a group of lobbyists pushing the Treasury with a proposal on how to bring rates down to 4.5%. All the details of this are sketchy and I have read different news articles that each put a slightly different spin on the details. I … (1 comments)

Lender Paid Mortgage Insurance - 12/02/08 09:19 AM
Now that mortgage rates have finally dipped, refinancing is on the minds of many. This is especially the case in this ailing economy. If a family can save $50 a month or more, they are taking a close look at the numbers to see what makes sense for them. We are happy to analyze this for you. Rates are awesome right now, but only by applying will you truly be able to see what is available to you. Each person's scenario is different. We all have different credit scores, equity positions, etc. The rates you hear advertised are "best case scenario". … (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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