Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate - NMLS #151088

ARCHIVED BLOG POSTS

2010 

The 30 in 30 challenge was definitely quite a challenge.  Trying to post at least once every single day does take a huge time commitment.  I did learn quite a bit during it though.  I started out by deciding to do a daily Market Update post.  Since I read market updates every day, I thought this ...
09/30/2010
The Tony Award nominated show, 9 to 5: The Musical, hits Atlanta this week after its very well received tour launch in Nashville last week.  As the second stop of the National Tour, the show opened last night at the Fox Theatre.  Performances will continue until this Sunday.  This brand new music...
09/29/2010
  FHA Program Basics Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations FHA Minimum Down Payment Increases to 3.5% on Jan 1st   FHA Guideline FAQ - Appraisals (Also see Property Conditions) FHA Appraisal Transfer Changes Effective January 1, 2010 FHA Appraisa...
09/28/2010
Program Basics HomePath Financing Mortgage Program Overview/Updates Conventional Loan Limits to Remain Unchanged in 2011 Conventional Guideline FAQ - Assets Self-Employed???? Acceptable Use of Business Funds for Closing Conventional Guideline FAQ - Credit Do You Need a New Credit Report Before C...
09/28/2010
HomePath® Financing Highlights   Low down payment and flexible mortgage terms (30 & 15 Yr fixed-rate with available interest-only option) Up to 97% financing for Owner Occupied homes Up to 90% financing for 2nd homes Up to 90% financing for Investment Properties Borrowers purchasing a 2nd home or...
09/28/2010
Georgia Dream First Mortgage Loan Financing 30 Year Fixed Rate Mortgage Conventional, FHA, USDA-RD, or VA programs available Up to 100% financing (Additional household income restrictions apply) Georgia Dream Second Mortgage Loan Financing Down payment funds are provided as a Second Mortgage Loan...
09/27/2010
Mortgage Bonds opened improved on Monday morning.  There were no economic reports scheduled for release today.  This afternoon, we had a $36 Billion auction of 3 Year notes.  The results were announced at 1:00 pm EST.  Tomorrow, there will be a $35 Billion auction of 5 Year notes.  Wednesday will...
09/27/2010
The FHA 203K Consultant Renovation loan requires the use of a HUD Approved Consultant.  HUD has a preset schedule of fees that are to be charged to the borrower.            FHA Fee Schedule                 $400         < $7,500                 $500    $7,501 - $15,000                 $600   $15,0...
09/26/2010
Fannie Mae has updated its polices regarding new financing for borrowers with a previous bankruptcy, foreclosure, or short sale.  The waiting period ranges from 2 years from the discharge date of a Chapter 13 Bankruptcy to 7 years from the date of a Foreclosure.     Derogatory Event Waiting Perio...
09/25/2010
Market volatility continues on Friday morning as the Mortgage Bond market opened down from Thursday's close.  This comes after a strong Durable Orders report for August.  August saw overall durable goods orders fall 1.3%. Excluding transportation, the orders increased 2.0%.  This is much stronger...
09/25/2010
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Rodney Mason

Licensed in AL, FL, GA, SC, & TN
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