mortgage insurance: Who We Helped This Month! (The single mom with the 480 credit score at 14.99% mortgage)
- 10/07/08 05:20 AM
A young single mom was referred to me for help on refinancing her mortgage that she had with a private lender, and it is a good thing that she came to a professional. Prior to contacting me, she applied through one of the big National lender (now the biggest lender in the Country), but after 2-3 months of lack of response from them she was finally told that they could not do her loan. She had a tough situation-about a year ago she went through her second divorce and almost lost her house which she'd owned for 9 years. She fell … (2 comments)
mortgage insurance: Moratorium On FHA Risk-Based Premiums....?
- 08/27/08 08:19 AM
Certainly heard it right! It was only July 14 when the new Risk-Based Premiums for mortgage insurance went into effect. I had just gotten used to referencing it with my prospective buyers and referall partners...and now a new annoucement from HUD. Just as I thought I got a hang of something, I have to go back to square one. Oh my :) Are you keeping up? If not then it becomes even more important that you work with those professionals that keep up with the constant changes. Effective October 1, 2008 through September 30, 2009 there will be a moratorium on the … (0 comments)
A young single mom was referred to me for help on refinancing her mortgage that she had with a private lender, and it is a good thing that she came to a professional. Prior to contacting me, she applied through one of the big National lender (now the biggest lender in the Country), but after 2-3 months of lack of response from them she was finally told that they could not do her loan. ;)
;)
