Jerry Wright's (jerrywright) Blog

Mortgage and Lending - Absolute Mortgage



  USDA HOME LOAN GUIDELINES Sometimes good credit and a steady income arenot enough to qualify for a home loan at a commerciallending institution such as a  mortgage company.More rural families and individuals may be eligibleto become homeowners with the help of aUSDA guaranteed home loan. When t...
USDA Loans are great for the first time home buyer!  Zero down, good quality home and no out of pocket closing costs.  When applying for a USDA Loan, rent VS owning here are a few things that should be talked about.  Renting you have to do 1st last and deposit, (if you have a pet, add that deposi...
In these times there are going to be companies that will charge money to fix a persons credit.  That is a waste of time and most people don't realize it.  There are ways that a person can fix their own credit for free.  It just takes time a effort.  If a person takes the time and puts in the ener...
Americans are discovering the concept of foreclosure and the loss of a home in a very real and disturbing way.  Despite the rhetoric from Washington and sensationalist media, the process of resolving defaulted mortgages is moving ahead, one reason why the U.S. will not be Japan.  But we have all ...
By Michelle Singletary Every day, consumers pay untold sums to companies that promise a quick credit fix. Most of the time, that money is wasted.I understand why these offers might seem so enticing. Good credit can get you much better interest rates for a car or home loan. A bad credit history ca...
The media has coined the phrase "Credit Crunch".  Most people that I talk to have no idea what this is or what it means.  All they see is on every news station that more lenders are going bankrupt or cutting programs.  What I will attempt to do here is explain what happened and how it affected ou...
Does the avalanche of news about layoffs, business losses and a declining stock market have you looking for ways to cut your spending so you can beef up your savings? We're here to help, with suggestions for less-expensive alternatives to ten everyday purchases (for more ideas, go to www.BillShri...
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sen...
If you are, what are you doing? What are the easy to forget things that must be done in a busy market like this?If you are NOT, what could you be doing today to make this a PHENOMENAL month:1. Call 10 past clients daily2. Call 10 current or prospective referral partners3. Send 10 hand written tha...
FHA has announced that beginning with case number (application) assignments on or after Oct. 4. FHA monthly mortgage insurance premiums will rise to .90 basis points. This change also includes a decrease in the upfront financed mortgage insurance premium to 100 basis points down from 2.25 basis p...

Jerry Wright

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