Karl's Mortgage News, Mortgage Tips, and other stuff.

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ARCHIVED BLOG POSTS

2008 

I wanted to share with you some creative ideas that I recently read about for helping increase traffic at open houses and hopefully sell more homes: 1) Agents can offer $5 gas cards as a small gesture to acknowledge the car ride over to view the house. 2) For pet-friendly homes, REALTORS® can all...
08/12/2008
United First Financial is hosting a webinar to helping explain their Money Merge Account and how it is used to achieve accelerated debt payoff. For anyone AND everyone that would like to help their Church AND     ALL Churches around the country, PLEASE attend a very special     Webinar THIS Wedne...
08/12/2008
9 Comments
Welcome to another Monday.  As is the case these days in the mortgage business, I just received an update regarding policy changes.  Being a correspondent lender, we regularly get updated from the various investors/banks we work with to keep up abreast of their latest changes.  The latest update ...
08/11/2008
Points are up-front fees paid by the borrower to obtain a better interest rate on a loan. One point equals one percent of the loan amount. And while a lower interest rate may result in a lower monthly payment, it is important to consider how long you intend to be in the loan and to compare curren...
08/07/2008
On July 30, 2008, President Bush signed into law H.R. 3221, the "Housing and Economic Recovery Act of 2008," a sweeping $300 Billion rescue plan to help struggling homeowners avoid foreclosure, and to boost confidence in the sluggish housing market.  This 780+ page bill contains many complex pro...
08/07/2008
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Karl Peidl

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