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A new idea to pay for the extension of the payroll tax cut is now being tossed around Washington. Members from both parties & both houses have been promoting a fee that will be charged to banks for the delivery of every mortgage loan that is sent to Fannie Mae & Freddie Mac.

While it is not a certainty, the fee's discussed would be equal to about 1% of the loan amount, which by my guess would cost the average borrower a 1/4% on their rate for the life of the loan. I ask you, how long do you think your tax cut extension will last?

I'm reminded of wise words from Ronald Reagan - The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"

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Greg Miller   
Mortgage Loan Originator 
NMLS # 234777
www.Ruoff.com
gregm@ruoff.com
574-268-9033


 


Do you offer "Insured Closing" like the Title Company?
Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA (Ruoff Home Mortgage )
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This is a very well written from Philip Faranda. While of course rate is an important issue, it should not be your only criteria when searching for a lender. Do they have their own Underwriters that make the loan decision or is it sent elsewhere?…
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Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA (Ruoff Home Mortgage )
In my humble opinion, there is nothing more awe inspiring than a magical sunrise or sunset. Just as the sun begins to fall and the world seems to get quieter, do I really have a sense of God's creation. Many times from the exact same vantage point,…
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Foreclosures are plentiful everywhere and our area in Northern Indiana is no exception. I love working with certain Realtors that handle a lot of foreclosures. They understand how to market these homes and what it takes to get a transaction to the…
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While the economic climate has been challenging at best the last 3 years it would be very easy to think of the negatives and what did not always go as planned. But as this Thanksgiving holiday approachs, it gives pause to reflect on all the…
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Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA (Ruoff Home Mortgage )
  After reaching the lowest levels in decades, mortgage rates have shot higher over the past two weeks. There is not a simple explanation for why this happened, but looking at the many factors which are influencing mortgage rates…
 
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Greg Miller/ Warsaw Indiana Home Loans - Conventional, FHA,USDA

Warsaw, IN

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Ruoff Home Mortgage

Address: 310 Enterprise Dr., Warsaw, IN, 46580

Office Phone: (574) 268-9033

Cell Phone: (574) 528-0456

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