When should I pay points on a mortgage in todays historical mortgage market? - 07/22/10 05:23 PM
When should you pay points on a mortgage? Deciding when or if you should pay points on a mortgage is not always as simple as just calculating the breakeven point.  There are a number of factors that ultimately play into the decision. 
The biggest factor that stands out in today's historical mortgage market is where interest rates are headed.  Even if rates stay at current historical lows forever (extremely unlikely) they can't go much lower.  If you pay points now, you can be sure that a no-cost refinance wouldn't benefit you in the future due to rates not going much lower than the current … (3 comments)

Credit Report - How long will information remain on the report? - 07/21/10 03:01 PM
Some good information from Diane Osowiecki on how long information will remain on your credit report.  Different loan programs have different requirements for how long you must wait until you can get a mortgage, so even though something may last 7 years, it doesn't necessarily mean you must wait that long before you can get a new mortgage.
Via Diane Osowiecki Greater Nashville Real Estate (Diane O and Friends - Benchmark Realty):
HOW LONG WILL INFORMATION STAY ON A CREDIT REPORT?  With so many questions about credit and credit reports here is some helpful information.  The best answer, ask your lender.
BANKRUPTCY CHAPTER … (0 comments)

Outdoor Music Schedule at the Kentlands / Lakelands in Montgomery County MD Summer 2010 - 07/06/10 10:14 PM
 
If you are near the Gaithersburg / North Potomac / Kentlands area and are looking for outdoor live music concerts then the Kentlands is a great place to go.  There are two main venue locations for outdoor music this summer. 
The first venue is Main St. Pavillion Green (Main St. and Midtown)Sponsored Kentlands Downtown Partnership and Pritchard Music AcademyWednesdays in June and July 6:30 - 9:00 pm (click for location and directions)

Main St. Pavillion Green (Main St. and Midtown), KentlandsWednesdays in June and July 6:30 - 9:00 pm, Montgomery County MD
July 7th - Ruthie & The Wranglers - … (0 comments)

First time homebuyer tax credit settlement has officially been extended until September 30th 2010 - 07/03/10 06:13 PM
The federal homebuyer tax credit settlement requirement has officially been extended until September 30th 2010.  President Barack Obama signed the bill into law yesterday (Friday July 2nd).
On Wednesday June 30th the Senate passed the extension of the First Time Homebuyer Tax Credit, the U.S. House of Representatives passed the bill Tuesday night, and President Barak Obama signed the bill into law Friday.

There was concern that the backlog created by the popularity of the program and the time it takes for most banks to deal with transactions such as short sales would have left many homeowners unable to claim the credit.
… (1 comments)

 
Nick6 Rainmaker_large

Nick Pakulla Mortgage Lender Loan Officer in MD DC VA

Rockville, MD

More about me…

First Place Bank Maryland, Virginia, District of Columbia

Address: First Place Bank, 15400 Calhoun Drive #170, Rockville, MD, 20855

Office Phone: (301) 585-7283

Email Me

Loan Officer with First Place Bank in Rockville Maryland. FHA, 80-10-10, VA, Conforming, Jumbo, Refinances, a group of local approved appraisers (no 3rd party appraisal system), In-House Processing and Underwriting. Servicing Maryland, DC, and Virginia.



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