mortgage: AIG
- 09/16/08 08:19 AM
A real estate broker just asked me why AIG, an insurance company, was in trouble. Many of you might not know that one of the divisions of AIG was United Guaranty Mortgage Insurance. So they have been caught in this mortgage mess just as MGIC and PMI and other mortgage insurers. … (1 comments)
mortgage: GONE WITH THE WIND . . . .
- 01/04/08 03:07 AM
http://www.cicimurphy.com The sub-prime mortgage crisis has had fall-out in the regular mortgage markets. Underwriting is changing. Products are changing. Down payment requirements are changing. Freddie Mac and Fannie Mae have eliminated "no doc" products. Gone are "No Ratio Loans" Gone are "No Income Verifier Loans" Gone are "Stated Income Loans" Gone are "No Doc Loans" Oh, you may still be able to get some of these products on the higher interest rate portfolio loans or sub-prime market. But expect to pay much higher interest rates, have a larger down payment, and have a higher credit score than before. … (1 comments)
mortgage: Which mortgage is best for First Time Home Buyer?
- 09/27/07 08:46 AM
A first time home buyer has many options from which to choose. In Wisconsin, you may be eligible for a WHEDA loan (Wisconsin Housing & Economic Development Authority). There are income limitations and purchase price limitations depending on the county. Conventional financing offers No Money Down options. Federal VA and State VA for veterans. FHA is for everyone, and is appropriate for borrowers that may have some credit issues. Regardless, you need to sit down and go over all the options to determine which is the best fit. Join me for my Tuesday or Thursday sessions, or call CiCi Murphy to schedule a private appointment 262-754-6487
CiCi Murphy's Brookfield Wisconsin Mortgage Blog specializing in Milwaukee County and Waukesha County including the cities of Milwaukee, Waukesha, Brookfield, Menomonee Falls, Germantown, Wauwatosa and more.
A real estate broker just asked me why AIG, an insurance company, was in trouble. ;)
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