financing: Mortgage brokers came in 9th in businesses that consumers most complain about - 07/25/11 06:07 AM
     I just read an article on Aol about the businesses that consumers most complain about.  Mortgage brokers came in 9th.  It said that 10,000 people complained to the BBB.  The most common complaint - not honoring the
promised rate or terms.
     I can only make one comment about this.  As a credit union employee, I am not allowed to charge an overage, so everyone gets the same best rate.  Here at Kinecta Federal Credit Union, service is our mantra.  We honor our rate quotes.
     If you refer me a client; I promise to give them … (2 comments)

financing: Why 5% down conventional loans are better than FHA - 02/27/11 06:59 AM
Fha has just announced that the monthly mip will go up to 1.1% with 5% down payment and 1.15% with 3.5% down payment.  The affect of this is that now it makes 5% down conventional financing more attractive than FHA financing.
As one of the few lenders who still have 5% down on conventional financing up to 417,000; I am going to point out the advantages and disadvantages of FHA vs. Conventional financing.
The advantages of FHA financing are.
The down payment can be a gift and no reserves are required only 640 minimum fico is required allows non-occupant co-borrower … (1 comments)


Joshua Lee

Los Angeles, CA

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Kinecta Federal Credit Union

Address: 2100 Park Place, El Segundo, ca, 90245

Office: (310) 529-8046

Mobile: (310) 529-8046

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