mortgage: FHA Comeback - 03/19/07 01:26 PM
With all of the recent problems in the subprime market, there will be more attention paid to one of the best home loan programs out there - FHA. In my opinion, the FHA home loan program is ideal for first time home buyers or borrowers with a less than perfect credit.
The Federal Housing Administration (FHA), a wholly owned government corporation, was established under the National Housing Act of 1934 to improve housing standards and conditions. Its goal is to provide an adequate home financing system through insurance of mortgages, and to stabilize the mortgage market. For decades, FHA was the best … (1 comments)

mortgage: The F Word - 02/24/07 07:46 AM
Mortgage Fraud is real and rampant in the United States according to the FBI. The Federal Trade Commission estimates that mortgage fraud has cost businesses nearly $48 billion and consumers about $5 billion in the past 5 years. There are some cases that involve appraisers, lenders, attorneys, and real estate agents. While other scams can be pulled off by consumers acting alone. The FBI estimates that 80% of all mortgage fraud losses involve collaboration or collusion by industry insiders.
Per the FBI: The increase reliance by both financial institutions and non-financial institution lenders on third-party brokers has created opportunities for organized fraud … (0 comments)

mortgage: The Bottom Line - 02/18/07 10:46 AM
The day you close on your new home does not need to be full of chaos or surprises. You need to understand very early on in the home loan process how much money it is going to take from you to close the deal. The funds required to close is disclosed to the buyer from the lender in the form of the Good-Faith-Estimate (GFE). This estimate should be given to you the day you make your loan application and should be reviewed with you by your loan officer to make sure you understand it and any changes that could impact it … (0 comments)

mortgage: No more debt - 02/03/07 01:00 PM
Warning: This page is going to ask you to be honest with yourself and your family about your debt. If you are ready to make changes in your life and work toward financial freedom, keep reading. If just being able to make your minimum monthly payments does not bother you, read this, rinse and repeat.
If you are like most Americans, you have tried to "get out of debt" and failed on some level. In order to be successful, you need to understand why you spend. If you don't understand the root of the problem, you can not fix it. It … (2 comments)

mortgage: Jobs Jobs Jobs - 02/02/07 12:41 PM
Each month, we get the monthly non-farm payroll report from the Labor Department. No other piece of news is more closely watched by the markets and the Federal Reserve than this employment data. The report for January showed that the unemployment rate climbed to a four-month high and wage growth was a little slower than expected. Bad news on the economy is good news for mortgage rates.
In short, inflation is bad for everyone. If the economy is growing too fast and prices are rising rapidly, your money will buy you less goods and services going forward. Slow and steady growth is … (0 comments)


Michael Caputo

Savannah, GA

More about me…

First Coast Mortgage

Address: 3 Oglethorpe Professional Blvd, Savannah, GA, 31406

Office: (912) 356-5132

Mobile: (912) 658-1595

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Buyer resource for understanding the home buying process and information about the Savannah real estate market.



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