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loan: But What If Mortgage Rates Get Lower? - 01/17/09 09:43 AM
That is the question I have been fielding from my clients for a month now.  Don't get me wrong,  it's a great question.   But it leads many consumers into a state of "rate lock paralysis."  Many people don't want to lock a rate today out of fear that rates will be lower sometime in the near future.   There are two things I say to these types of borrowers:
I remind them about all the clients who missed out in January of 2008 when rates hit 5.00% for only a short while.   I had dozens of clients who could have saved $200,  … (1 comments)

loan: New Hampshire and Massachusetts Mortgage Rates - 11/04/08 08:53 PM
Many of my clients enjoy the mortgage rate lock advisory that is on my website and is updated daily as an RSS feed.  Below is an example of today's mortage interest rate lock advisory and it can be found here: http://www.justinperry.net/DailyRateLockAdvisory.   If you would like to add this RSS feed to your site just let me know.  As a disclaimer I do not construct these rather I use them as a tool. 

Rate Lock Advisory - Tuesday Nov. 4th
Tuesday's bond market has opened up slightly despite sizable stock gains during early trading. The stock markets are strong this morning with … (0 comments)

loan: FHA Mortgage Loans - 10/27/08 10:30 PM
It's interesting to see how many mortgage bankers are just now taking "FHA 101."   This is a great product that most likely could have been used in place of many sub prime loans but that would have required the borrower to actually document their credit....imagine that.  I have only been in the industry for 4 years now but one of the first loans I ever wrote was an FHA loan.  These aren't anything new.  In fact they have been around for a very long time.  They still allow the borrower to contribute 3% into the transaction and that 3% can even … (1 comments)

 
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Justin Perry

Portsmouth, NH

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Mortgage Banker

Office Phone: (603) 570-4897

Cell Phone: (603) 682-4293

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