Annapolis Maryland - High Quality Mortgage Advice

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Mortgage and Lending - Apex Home Loans - NMLS #369577
Mortgage ramblings from Lewis Poretz - Mortgage Advice - Market Updates - Problem Solver

ARCHIVED BLOG POSTS

2010 

            Understanding Short Sale Transactions | A Guide to Short Sale Facts & Myths                                                                                                                                                          A short sale unfortunately has become a common buzz word...
07/29/2010
If your in financial trouble we can help... No Income Needed.... you dont even need a job! CNBC presents the defining story of our time. Correspondent David Faber investigates the origins of the global economic crisis and the events leading to the most devastating financial collapse since the Gre...
07/28/2010
I just found this video of Barney Frank (of all people) addressing a Chase executive regarding home loan modifications. You just have to see this video to believe it....
07/28/2010
Fast Company is searching for 2010's Most Influential Person Online. You are more influential than you think.  How influential are YOU? Check out Fast Company's "Influence Project" -   http://fcinf.com/v/b8xq Fast Company magazine is searching for people who are influential online. Discover how ...
07/28/2010
Dang! It just happened again! My buyer's daughter transferred $20K into their account, because they're really buying the condo for the daughter with her money. (The daughter has bad credit, but a wad of money, so Mom and Dad are making the purchase for her).  Now we need to show proof of where th...
07/25/2010
I had a client call me this weekend who wants to pull some cash from her house. The typical loan officer here in Annapolis, Maryland would be happy with this call as she has 700+ credit scores and plenty of equity left. But as I started a new file in my loan origination system I became confused. ...
07/19/2010
  You can make a difference - you have 30 days to comment against FHA's proposals   With a difficult economy and possibly some new FHA mortgage changes coming in the new future, this could be time to make your voice heard. HUD made this announce back in January 20th, 2010 - FHA announces policy c...
07/17/2010
  South Maryland Little League The South Maryland Little League 11-12-year-old All-Stars won the Maryland District 4 tournament in South Baltimore last weekend. The tournament included teams from Baltimore City, Anne Arundel, Baltimore and Prince George's counties. The team is now one of eight th...
07/17/2010
Are you thinking of remodeling? Want to purchase a fixer upper and get money to fix it up?   Rehab a Home w/HUD's 203(k) The section 203(k) program was designed by HUD to help in community and neighborhood revitalization and for expanding homeownership opportunities. The program requires just one...
07/17/2010
Ahhh the 1% pay option arm... remember those loans the reputable mortgage bankers warned were time bombs. And nobody paid attention as they were lured by the opportunity to save a few hundred dollars a month. The not so well known issue with those loans is that they recast after five years and yo...
07/14/2010