Nick Pakulla Mortgage Lender Loan Officer in Maryland (MD), the District of Columbia (DC), and Virginia (VA)

With mortgage rates at their all time lows and predictions that mortgage interest rates will edge up in 2011 and 2012 there is a huge long-term interest savings for home buyers to buy now instead of waiting.    Some scenarios: $300,000 borrowed Interest paid over 30 years with current market rat...

Last year FHA announced that they will be beginning a condo recertification process for condos that were approved prior to October 1, 2008, requiring that they are re-approved on or before December 7, 2010.  Well its hard to believe, but December 7th is almost here, and there are very few condos ...

This foreclosure suspension issue seems to be a very big deal.  A long drawn out process seems that it could bring lots of uncertainty to the housing market.  This is causing some of the big title insurance companies to not write title on these properties, thus lenders won't lend on some of these...

Should I refinance to a 15 year mortgage? A number of borrowers who have the equity and cashflow are making the switch and refinancing to 15 year mortgages.  15 year mortgages are amortized over 15 years instead of 30 years, so the payment is slightly higher but the loan is paid off much sooner. ...