Eddie 's Blog

Mortgage and Lending - Guaranty Bank and Trust Co. - NMLS #595131
Over the past two years the face of the mortgage industry has changed much like the Picture of Dorian Gray.  A swarm of regulation proposals that is still buzzing today has affected lenders, appraisers, real estate agents and customers.  With more regulations to come it will only be harder for cu...
I know that economic and financial talk can turn most of our brains to mush in a matter of seconds.  Most of the time mine feels like creamy potato soup so I'll try to make this short and sweet.  On February 2nd I sent out this as part of my Market Pro-Spective:  "Given the current economic statu...
I didn't particularly like macroeconomics when I was in college.  It could have been the fact that my elderly college professor was one year from retiring and taught from his wheel chair in between naps.  Yes, I said in between naps.  At any given time after finishing a thought or assigning a pop...
Late last year Fannie Mae and Freddie Mac went to a risk based pricing model which means factors such as credit score and loan-to-value affect the final rate.  I had an interesting discussion with David Morgan, president of the Batesville branch of Guaranty Bank and Trust, about risk based and co...
Just this morning I sent out the following email: Would you believe that September saw a rise in new home sales? It was actually expected to show a decline but posted a 2.7% increase.  Conversely we're seeing a drop in gas prices and I'm sure everyone is happy about that.  Treasuries are bringing...
In the times when the market is slow and the purse strings are a little tighter than usual it is important to stick with cost effective marketing strategies.  The Northwest District of the Mississippi Association of Mortgage Brokers held a co-sponsored event today at the Northwest Mississippi Ass...
I have never worked at a company that charges an application fee and I've always assumed this may be a barrier for getting loan applications.  I know that many banks charge a small application fee and I've been brainstorming the pros and cons.  Let's assume the fee is $35 per applicant. Pros: Cus...
It used to be either pay taxes on your income or pay a higher mortgage interest rate on a stated program.  Now it's pay taxes on your income if you want a rate - period.  I believe the eyes were opened by those in the government at how many people do not file taxes on earned income.  Maybe that h...
Mortgage rates at all time lows! Rates as low as 1.99%! Stop paying too much! We promise you the best rates! Guaranteed! Payments as low as $295! (Not an advertisement.) It doesn't matter if you're shopping for a home loan or not you can't ignore the swarm of mortgage ads on the television or int...

Eddie Reed

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My Blog relates to mortgage planning, real estate, personal credit and finance