fha: Tips On Reading an Inspection Report - 01/14/08 10:48 PM
Thomaston CT, Torrington Connecticut, Danbury CT, Brookfield CT, Avon CT, Litchfield CT, West Hartford CT, Watertown CT, Oxford CT, Middlebury CT, Morris CT, Waterbury CT, New Haven CT, Milford CT, Norwalk CT, Fairfield CT, Stamford CT, Stratford CT, Newtown CT, Southbury CT, Hartford CT, Burlin CT, Winsted CT, New Hartford CT, … (1 comments)
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fha: Mortgage Shopping and Mortgage Rate Shoppers - Connecticut Mortgages - 07/27/07 04:27 PM
I get calls all the time asking " what is your rate" , I am sure everyone in the mortgage business get's these calls daily as I do.
People who are calling every lender in the local phone book or shopping the internet should be educated on how to shop for a interest … (0 comments)
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fha: Happy 4th - 07/04/07 11:13 AM
Happy and Safe 4th To Everyone! Enjoy the day eating and watching the fire works.....
I want to wish everyone a very safe, fun and profitable Summer Season!
There is no better time to buy real estate than when it's a buyers market! And we all know it's a buyers market so let's close some … (3 comments)
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fha: Mortgage rates - 07/02/07 08:04 AM
This week brings us the release of very few economic reports for the markets to digest. There are only three monthly reports scheduled for release that are likely to affect mortgage rates, but one of them is arguably the most influential single piece of data that we see each month. This … (0 comments)
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fha: Bond Market /Rates - 06/29/07 10:30 AM
Friday's bond market has opened in positive territory following the release of weaker than expected economic news. The stock markets are currently showing gains with the Dow up 68 points and the Nasdaq up 13 points. The bond market is currently up 6/32, which should improve this morning's mortgage rates slightly.There … (0 comments)
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fha: Hang on for the roller coaster ride! What will rates do next week? - 06/22/07 09:07 PM
This weeks mortgage roller coaster ride ends with rates down slightly before the end of the day today but what's in store for next week? After watching cnn and msnbc after the close of the market today there was mixed views. Most of the concerns were over the sub prime market that … (1 comments)
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fha: Market Rate Watch - 06/21/07 11:51 AM
Thursday's bond market has opened in negative territory again despite stock market losses. The Dow is currently down 32 points while the Nasdaq has slipped 3 points. The bond market is currently down 5/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point. Part … (1 comments)
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fha: Credit Repair Agencies - Increase your FICO Scores for better rates. - 06/18/07 12:21 PM
I wanted to do a little research and see if anyone here has used a "credit repair agency" in the past and if so what kind of results your experienced?
I was introduced to a guy last week Mark Dorman with Credit Restore Team and he really seemed to have a handle … (4 comments)
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fha: House Buying Process -what to expect after you found a home. - 06/11/07 01:08 PM
Once you have found a home:
Once you've found a home you want to buy, you'll negotiate your offer with the seller, agree to a purchase contract, and close the deal. Making an offer Unlike purchases with a specific price, homes sell for the amount the buyer and seller negotiate. As you … (0 comments)
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fha: Law Enforcement (Real Estate) Agents? NY Realtors, Is this serious? - 06/11/07 12:45 PM
OFFICIALS in the town of Islip have taken measures in the past to crack down on illegal rentals in single-family homes, as have many less affluent towns on Long Island. But Islip took a more aggressive step in May when it passed a law requiring real estate agents to verify that … (2 comments)
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fha: Bi-Weekly Mortgage Payments , Worth it or not? - 06/06/07 04:36 PM
Bi-Weekly MortgageIf you search for "bi-weekly mortgage" with an Internet search engine, you will be overwhelmed by the number of companies offering "Bi-weekly Mortgage Reduction Services" or "Bi-weekly Savings Programs." Beware, you are entering dangerous waters.Beware of Bi-Weekly Mortgage Reduction Services and Savings ProgramsThese "Reduction Services" and "Savings Programs" are charging … (1 comments)
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fha: Paying Your Mortgage Off Early, Should you do it? - 06/04/07 09:24 AM
Should you pay off your mortgage early? Even with today's low interest rates, the total amount of interest you may pay over the life of your mortgage can seem like a staggering amount. It's one of the reasons many people set a goal to pay down their mortgages early. But pre-paying … (0 comments)
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fha: Today's Market/ Interest Rates Outlook - 05/31/07 11:39 AM
Thursday's bond market has opened in negative territory following another round of stock gains and concerns about tomorrow's economic data. The stock markets are well into positive territory with the Dow up 18 points and the Nasdaq up 11 points. The bond market is currently down 6/32, which will likely push … (0 comments)
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fha: Governor Rell Says Gas Petition Web Feature Has Drawn More Than 11,000 Responses - 05/29/07 11:56 AM
FOR IMMEDIATE RELEASE: Monday, May 28, 2007
Governor Rell Says Gas Petition Web Feature Has Drawn More Than 11,000 Responses
Governor M. Jodi Rell said today that an online gas price petition posted on her website www.ct.gov/governorrell has received more than 11,350 responses from frustrated and angry state residents in recent … (0 comments)
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fha: What are homeowner's insurance, private mortgage insurance and title insurance? - 05/29/07 09:21 AM
What are homeowner's insurance, private mortgage insurance and title insurance?
… (0 comments)
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fha: Why you should get an Inspection? - 05/29/07 08:32 AM
Why you should get an Inspection?
Whether you are buying or selling a home, you should have a professional home inspection performed.
A home inspection will look at the systems that make up the building such as:
Structural elements, foundation, framing etc Plumbing systems Roofing Electrical systems Cosmetic condition, paint, siding etc
If … (3 comments)
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fha: A great tool to help you sell more homes - 05/28/07 08:53 AM
Selling a home that needs improvement can be easier than you think!
Your buyers can get up to 110% of the After Renovations Appraised Value!
This is great for those who are getting a deal on a fixer upper or maybe just want to update the kitchen or bathroom or maybe put … (4 comments)
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fha: How do you give it to them straight and not hurt their pride/feelings? And get that aent out! - 05/27/07 10:03 AM
I have a family member who has a home for sale and I asked if I could suggest one of my referral partners as the listing agent. Well it turns out they listed with someone who is not one of my referral partners they went with the lady next door who … (1 comments)
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fha: What A Great Deal!------- Maybe NOT! - 05/26/07 01:15 PM
What a great deal.............
100% Financing
No Closing Costs
No PMI
Over the past 3-4 weeks I have lost about 4 deals to a lender with that ad but is it all it's cracked up to be? One of my referral partners has a couple of clients who I pre-approved and then they bagged me … (3 comments)
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fha: Magic Words To Sell Your Home - 05/26/07 09:38 AM
I found this video clip online about the words, sellers/realtors should use to help sell a home. I thought it was interesting so I wanted to share the link to the clip. Maybe you may use some of this in your marketing, I hope you find it useful, enjoy.
Have a fun and … (0 comments)
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fha: Mortgage Rates Move Up This Week For CHFA Loans - 05/26/07 09:33 AM
This past week we saw a jump from 5.375% last week to 5.625% for the CHFA first time home buyer program here in Connecticut, this is still a very good rate for up to 100% financing for first time home buyers here in CT but is the sign of a steady movement upwards … (0 comments)
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fha: Have a credit report with false information on it? This may cost you an approval on your mortgage or a higher rate or larger deposit! How To Clean False Information Up - 05/26/07 09:28 AM
Your credit report is a record of your credit activities. It lists all of your credit card accounts and loans, the balances as well as your payment history. It also shows if any action has been taken against you because of unpaid bills such as a lawsuit or bankruptcy filing. Because … (1 comments)
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fha: New Home Sales report was released - 05/24/07 03:54 PM
New Home Sales report was released.
New Home Sales were reported at 981,000, which was much stronger than expectations of 860,000. And the monthly inventory plummeted to 6.5 months from March's reading of 8.1 months. This report was very strong and suggests that the Housing market continues to improve from its … (0 comments)
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fha: 30 Year Fixed Rates On The Rise - 05/20/07 01:36 PM
The average 15-year fixed mortgage rate rose from 5.87% to 5.92%, the average rate for five-year Treasury-indexed hybrid adjustable-rate mortgages climbed from 5.89% to 5.92%, and the average rate for one-year Treasury-indexed ARMs was unchanged, at 5.48%, Freddie Mac reported. Fees and points averaged 0.4 of a point for fixed-rate mortgages, … (4 comments)
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fha: Title Insurance - What is it for? - 05/18/07 06:11 AM
Title Insurance = Peace of Mind
Purchasing a home is probably the single biggest investment you will ever make. Before closing on the house, you'll want to know that no other individual or entity has a right, lien or claim to the property.
Determining that your rights and interests to the property … (1 comments)
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fha: Mortgage Fraud Up 30% - 05/17/07 08:39 PM
Mortgage Fraud Climbs 30 Percent
Source - Inman News (05/17/07)
A new report from the Mortgage Asset Research Institute reveals a 30-percent jump in fraudulent mortgages last year, with the increase likely related to a surge in delinquencies and defaults that has helped to uncover instances of fraud. Falsified job histories and … (0 comments)
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fha: CHFA Rates Still Very Attractive with 100% Financing For Qualified Buyers - 05/15/07 08:33 AM
With all the lender guidelines making big changes over the past few months CHFA is still a great alternative here in CT for first time home buyers. The low rates and 100% financing option make this program a very good alternative for financing over conventional financing.
I have listed the current rates … (1 comments)
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fha: Scoring your Credit - How's your FICO? - 05/06/07 11:26 AM
Scoring your Credit - How's your FICO?In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number. All the years you've been paying your mortgage, car payments, and credit card bills can be … (0 comments)
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fha: Reverse Mortgages - Final Part - FAQs - 05/05/07 11:05 PM
Reverse Mortgages: FAQs
… (0 comments)
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fha: Reverse Mortgages Part IV: Managing Your Equity - 05/05/07 10:58 PM
Reverse Mortgages: Managing Your Equity
… (0 comments)
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fha: Reverse Mortgages Part III " Important Considerations - 05/05/07 10:54 PM
Reverse Mortgages: Important Considerations
… (0 comments)
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fha: Reverse Mortgages Part II "How Your Loan Works" - 05/05/07 10:49 PM
How Your Loan Works
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fha: Understanding the Basics Of A Reverse Mortgage - 05/05/07 10:44 PM
Understanding the Basics Of A Reverse Mortgage
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fha: First time home buyers Market?? - 05/02/07 03:09 PM
This spring so far has been very busy for me and most of my customers are first time home buyers. Over the past 3 months I have closed 85% first time home buyer loans vs 15% previous home owners loans.
Are you seeing this trend in your market?
I love working with first time … (1 comments)
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fha: Do you have buyers who want to buy a home that needs updating? But No money for repairs... - 05/02/07 02:46 PM
If you have buyers looking to buy a home but it may need upgrades, this may be the answer:
What's the power of renovation financing? It's the ability to:
Turn a house into a dream home Buy a home that's in the right area but doesn't quite fit your family - yet … (0 comments)
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fha: Connecticut Home Loans - Pre-Approval vs Pre-Qualified - Get Pre-Approved! - 05/02/07 02:36 PM
Are you pre-qualified or pre-approved for a loan?Before you begin to shop for a new home, you should set up a time to speak with someone so they can figure out how much you can afford. This will put you in a better position as a buyer. That's when it is important to understand the … (0 comments)
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fha: Are there REALLY LO's out there that really don't get it???? - 04/15/07 06:43 PM
I was reading the Blog That Idiot Loan Officer #%&!! which was a great blog and almost every Realtor who posted a response wants Communication, Returned Calls and Reliable Pre-Approvals...... Sounds too easy....Well that's because IT IS EASY!
About 95% of my business is made up of past customers and referrals, this … (3 comments)
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fha: PMI Tax deductable in 2007 - Connecticut Mortgage Lender - 04/15/07 05:21 PM
Homebuyers who pay less than 20 percent down payment usually pay for private mortgage insurance (PMI), but a law passed by Congress makes that cost fully deductible on income taxes starting in 2007. This new law applies to new loans for households making less than $100,000 per year.The change also applies to mortgage insurance … (0 comments)
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fha: Wells Fargo Introduces the Close On Time Guarantee! - 04/13/07 04:49 PM
Starting April 14, 2007 Wells Fargo will offer the " On time closing guarantee" to all loan applicants who qualify...
If we fail to close on time due to being Wells Fargo's fault, *Wells will pay the First Months P&I payment on your mortgage!
Reliable Pre-Approvals and now the "on Time Closing … (2 comments)
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fha: Reliable Pre-Approvals, Key in this market more than in the past - 04/11/07 04:23 PM
If you are out showing homes and running around with prospects now more than ever having a reliable Pre-Approval is very very important.
With all the sub prime troubles and lenders folding like cheap tents you owe it to yourself and the home sellers to work with a lender who will … (2 comments)
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fha: 100% Financing - Look to VA Home Loans as an option - 04/09/07 07:58 AM
With the sub prime market still melting and lenders tightening their belts across the board one option which is not looked at as often as it should be is a VA loan. Of course you have to have served time in the service and be eligible but for those who are … (2 comments)
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fha: Happy Easter - 04/08/07 08:45 AM
Happy Easter Everyone......
I wish everyone a happy day and a successful 2007 spring and summer market.
The 2007 spring/summer market will bring some challenges but overall I think if you have the right partners and team it could be one of the best spring/summer markets.
So far 2007 has been the best start … (1 comments)
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fha: Mortgage Basics - 04/05/07 10:46 AM
Mortgage Basics
Although each individual home financing package has its own variety of features, the concept of a mortgage is really quite simple: a mortgage is a loan made to help you finance a home. Your lender advances you a certain amount of money, which you repay over a specified period. … (0 comments)
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fha: Spring market off to a great start! - 04/05/07 09:35 AM
I hope everyone is enjoying the same great start to the spring market as I am.
With all the negative news spreading throughout the media the past 8-12 months everyone seemed to be bracing for a slow real estate market this spring, so far this has been the best spring for me … (0 comments)
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fha: Story Inspires Wells Fargo Home Mortgage to Award Bloomington, Ill. Homeowner $250,000 - 04/04/07 12:52 PM
BLOOMINGTON, Ill., March 30 -- It's the classic story ofachieving the American Dream: a young boy -- born in a small one-room,dirt- floor house with no electricity or running water -- spends much ofhis childhood laboring in the fields near his small Mexican village. As ateenager, he comes to the U.S. … (0 comments)
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fha: Sub Prime Lending Getting Hit Hard, Wells Fargo Feeling It The Least - 03/20/07 11:04 AM
With all of the recent triubles in the sub prime world, it feels good to work for one of the lenders that has been effective the least. Here is a interesting article.
http://www.desmoinesregister.com/apps/pbcs.dll/article?AID=2007703170322
I for one think it's about time these lenders who over extended people start to fail and get out of … (3 comments)
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fha: Five Common Myths Of Home Buying - - 03/13/07 06:32 PM
Five Common Homebuying Myths
… (0 comments)
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fha: Happy 2007 - 02/07/07 07:13 PM
Hello everyone, just wanted to say happy 2007. I have been very busy since mid december and have very little to to come and play here. I hope everyone is having a great start to 2007 as well. I will say the market has changed in a big way, lots of … (1 comments)
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fha: BEWARE of the 1% Mortgage Offerings/ Option ARMS. - 12/14/06 07:25 AM
There are tons of people offering these 1% payment programs and they make them sound like the deal of a life time, but what they don't tell you is the meaning of "NEGATIVE AMORTIZATION". What does that mean you ask? These lenders want you to think that you are getting this … (3 comments)
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fha: 30-Year Rate Hits 10-Month Low - 12/04/06 09:56 PM
The average 15-year fixed mortgage rate fell from 5.91% to 5.87%, the average rate for five-year Treasury-indexed hybrid adjustable-rate mortgages declined from 5.99% to 5.95%, and the average rate for one-year Treasury-indexed ARMs decreased from 5.49% to 5.46%, Freddie Mac reported. Fees and points averaged 0.4 of a point for fixed-rate … (7 comments)
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fha: Are you a Mortgage Consultant or a Sales Person? - 11/28/06 11:07 AM
More and more I find people in the mortgage business work as a sales person and not a consultant. To me my job is to consult people and advise them of their best mortgage options. Those who are taking the sales approach seem to not to be concerned with their customers … (4 comments)
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fha: Over 1/3 of home owners with ARM are worried about the adjustment coming up - 11/06/06 04:02 PM
The writting is on the wall and the ARM refi boom is closer than you think.
Over a third (36%) of homeowners with adjustable-rate mortgages say they are concerned that they won't be able to afford their mortgage payments if their rates increase, according to a new survey by AP/AOL Real Estate.
While … (2 comments)
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fha: Winter Market - 11/04/06 05:24 PM
Wells if you have not noticed the frost is setting on the grass in the morning and the four letter word is right around the corner SNOW......
How much does your production fall in a normal market in the winter months?
Do you think it will be slower than avg. this winter?
So … (1 comments)
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fha: 56% Say they would refi when their ARM adjusts. - 10/31/06 10:39 PM
A survey of homeowners conducted for Wells Fargo & Co., San Francisco, found that while nearly eight in 10 of those with adjustable-rate mortgages are worried about their interest rate rising, only 56% said they would refinance when the rate changes.
The Wells Fargo Third Annual Survey of U.S. Homeowners found that … (0 comments)
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fha: First Time Home Buyers - 10/19/06 10:12 AM
There are many first time home buyers in this market and they all are seeking the best possible rate and the the maximum financing. If your buyers are in need of financing consider one of the following to help them get into that home.
CHFA (connecticut bond loan) will do 100% Financing … (0 comments)
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fha: A new Refi Market Looms...... Get out of that ARM before it's too late! - 10/12/06 09:42 PM
'Ticking time bomb'
ARMs are starting to fall by the wayside as the difference in interest rates narrows. The average rate on a 30-year, fixed-rate loan in May was 6.60 percent, compared with 5.63 percent on a one-year ARM, according to Freddie Mac. In 2003, rates on a 30-year fixed were … (2 comments)
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fha: 30 Year Mortgage Rates Rise - 10/12/06 09:24 PM
Rates on 30-Year Mortgages Rise October 12, 2006
After a 30 week low, mortgage rates for a 30 year fixed inch upward.
Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages rose to 6.37 percent, up from 6.30 percent last week, which had been the lowest level since they were at 6.24 percent … (0 comments)
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fha: So many new Realtors come and go - Get buyers Pre-Approved! - 10/11/06 07:10 AM
It seems like every week there are another 10 brand new Realtors in the local paper off to a start of their Real Estate Career all of them filled with fire, ready to sell 30 houses a month, they take as much floor time as they can get and show houses … (1 comments)
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