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

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Karl Peidl, Karl's Mortgage Blog, Superior Mortgage, Loan Officer, Mortgage Consulant, Refinancing, Home Buying, First Time Home Buyers, Mortgage Progams, Hammonton, New Jersey Mortgages, Mortgage Advice, Mortgage Rates, Financing, Credit Tips, FICO, Credit Scores, Credit Advice, Tax Credit, Facebook, Twitter, Referral, Purchasing a Home, Mortgage News, Mortgage Help, Mortgage Blog, Equity, Loan Programs, Down Payment, Consultation, Homeowners, Homeownership, Guidelines, Underwriting, Interest Rates, Mortgage Questions, Loan Process, Lender, Mortgage Banker, Credit Report, Customer Satisfaction, LinkedIn, Loan Applications, Appraisals, Appraisers, Appraisal Reports, Mortgage Application

ARCHIVED BLOG POSTS

2008 

No, not because it is December 9th.  Today is the annual Kiwanis Christmas Party here in Hammonton, NJ.  Of all the help we provide to the community, this event is by far my favorite.  And this year is more special than usual as I was installed as the club president back in October. For those who...
12/09/2008
Last week everyone was a buzz with excitement.  The Treasury announced they would step up the purchase of Mortgage-Backed Securities issued by Fannie Mae and Freddie Mac in a coordinated move to drive home loan rates down to 4.5%.  As rates have decreased the past week or so, mortgage companies s...
12/08/2008
Most 401(k) plans allow participants to borrow up to half of their account balance (but not more than $50,000) and repay the loan over five years. But that can take a big bite out of your future savings because any money you withdraw loses the power of compounding. In addition, if you change or l...
12/07/2008
Let's get ready to make 2009 a great year....I have been to some wonderful training sessions with some of the best speakers, leaders, and business owners in the country this year. Based on that information, here is my TOP 10 for becoming a HUGE Success in 2009. 1. Have a HUGE and AUDACIOUS Goal f...
12/06/2008
Michael Caruso wrote the following with a California twist, however I feel the information pertains to most of the country.I am so tired of the negative media constantly ranting about how horrible everything is in our business.  It's time for our industry to fight back against these psychic vampi...
12/06/2008
    During tough financial times, news is king. A simple announcement from the media can instantly send the financial and mortgage markets racing in either direction. As the financial markets continue to adjust to the credit crisis, current and potential homeowners will have to adjust and react i...
12/06/2008
Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit score translates into lower interest rates for the borrower.Ther...
12/05/2008
The Federal Trade Commission (FTC) estimates that as many as 9 million Americans have their identities stolen each year. This means that you or someone you know may have been victimized by some form of identity theft in the past or will likely experience some form of this crime in the future. Id...
12/04/2008
Points are up-front fees paid to obtain a better interest rate on a loan. One point equals one percent of the loan amount. A lower interest rate may result in a lower monthly payment, but it is important to consider how long you intend to be in the loan, and to compare current rates to historica...
12/01/2008
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Karl Peidl

Accredited Loan Consultant
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