mortgage fears: People Can Still Buy Houses - 10/09/08 06:21 AM
I received a call today from a customer I had not heard from in 8 months.  He had contacted me originally about helping his dad buy a home.  The last few times I had called him in February he did not return my calls, so I moved on.
Today he calls me out of the blue.  He wants to know if his dad still qualifies for 100% financing and what the rate would be now that the Fed cut rates yesterday.  First, I had to explain about the death of 100% financing.  Second, I had to explain that even though the … (26 comments)

mortgage fears: Is this Fannie Mae or Freddie Mac? - 08/20/08 01:57 AM
I spent Monday evening at the apartment of a First Time Home Buyer going through her initial RESPA disclosures.  My client is young and nervous.  She read the paperwork more thoroughly than I have ever seen in my 5 years of originating mortgages.  She obviously understands the magnitude of the transaction.  As she carefully read each page that she was about to sign, she asked many of the same questions I have heard time and time again. 
Quite a bit of my business involves working with First Time Home Buyers.  They are typically not the largest deals, and usually involve more … (0 comments)

 

Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

More about me…

Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office: 8562(521) 200-1224

Mobile: (609) 254-6687

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