The Friendly Neighborhood Mortgage Guy's Blog

Housing Stimulus (Or lack there of...) Housing was hoping to get a big boost from the latest addition to the mammoth stimulus bill working its way through Congress. Senate legislators unanimously approved a proposal earlier this month that would allow a tax credit for home buyers of 10 percent o...

Understanding the loan documents:    Residential Loan Application:  This document (when complete) gives us an accurate picture of your whole financial situation.  By signing this form you are stating what you know to be true regarding all pertinent information regarding your financial status.    ...

Lots of good points, and I begrudgingly agree with the blogger on most counts. In my area (southern New England) we are seeing bidding wars on some properties which gives me some hope! To be fair though, it is on the REO's that are in good condition and freshly on the market. Many bank owned pro...

I have recently taken some good information found right here on A.R., and put it to use! In today's challenging market we need every tool available. I have recently gotten some very good results from my FaceBook page. My concentration has always bent towards deepening relationships both new and o...

      The government is handing out money as a long term loan.  Take advantage of this!!!   The Housing and Economic Recovery Act of 2008 produced the tax credit for First Time Homebuyers. In this case, to be eligible for the tax credit, a first time homebuyer is defined as : someone who had not ...

The details below outline the new 2009 FHA loan amounts for RI as well as transition dates for the temporary FHA Jumbo Loan program.   2009 FHA Loan Limits Effective November 14, 2008, FHA loan limits are calculated at 115% of the area median sales price.  For 1-unit, the FHA floor remains at $47...

 Give your MORTGAGE and CREDIT REPORT an annual once over.   If the last time you looked at your mortgage was when you closed on your loan, it’s time to take it out for an annual once over. New loan programs and opportunities to leverage your home equity can bring you lower mortgage payments and ...

Foreclosures, Preforeclosures, Sheriff Sales, FSBO's and Deals!!!   Today's Real Estate Market offers many unique buying opportunities. It's important that as a potential buyer, you explore all of your options. The best way to do this is by working with an EXPERT. You can find all of the above on...

If you've got questions, I've got answers!   I have the qualifications and the desire to help you achieve your home financing goals. If you have any questions just click REQUEST FOR INDUSTRY INFO. There you will find virtually every possible category surrounding the mortgage industry. Better yet,...

A dedicated broker is an ABSOLUTE NECESSITY in today's banking climate. The liquidity crisis is still rippling across our country and the term "declining market" is almost a household name. Normal economic markers don't enable the experts to predict rates as they once did, and the world's economy...