Anthony Frustaci's (antmoney23) Blog

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Mortgage and Lending - 1st Mortgage Corporation
RECENT BLOG POSTS
Think of your credit score like you would a grade in school. A teacher calculates grades by taking scores from tests, homework, attendance and anything else they want to use, weighting each one according to importance in order to come up with a final single number (or letter) score. Your credit s...
10/01/2007
Lenders need to ensure that the money they are lending comes back to them along with the agreed rate of interest. For this purpose, lenders rely on your monthly income, debt-to-income (DTI) ratio and your credit score. DTI ratio is a major factor when applying for a credit. Your DTI ratio is the ...
09/30/2007
 The downward spiral of home sales continues, just last month houses and condos were sold at a rate of 5.5 million in the month of August. Thats a 13 percent drop decline in one year, according to the National Association of Realtors. Home sales are still dropping, but look at whats happening to ...
09/26/2007
  There are many things to go over when buying a home, and one of the first things you need to do is find the right Realtor that will suite your needs.A good Realtor will offer research that pertains to specifics of your area, such as there website, or showing you around the community. They shoul...
09/21/2007
 The Federal Reserve cut rates yes, but does that mean the mortgage rates are going down? Not in the short term. So lets look at why....Heres a history lesson, when the Federal Reserve cut rates 13 times from January 2001 to July 2003, mortgage rates dropped 8 times and rose 5 times the month aft...
09/20/2007
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Heres some helpful rules when shopping for your mortgage.Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to "shop" effectively.First, IF IT SEEMS TO GOOD TO BE TRUE, IT PROBABLY IS. But you didn't really ne...
09/19/2007
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 A great article I read today on yahoo finance!! enjoy!!The Federal Reserve's aggressive half-point cut Tuesday could provide support for a slumping housing market. A quarter-point drop had already been priced into the market for Treasury bills and other instruments tied to mortgage rates, accord...
09/19/2007
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 I found this today, It's useful information on what taxes are in Mecklenburg county and surrounding counties... HOPE IT HELPS!  http://www.csrcorp.com/payment/taxes.php 
09/18/2007
   IF YOU ALL WATCH THE NEWS, THE FED JUST CUT RATES BY A HALF OF A POINT.....  WHAT THIS BASICALLY MEANS IS THAT THE FEDERAL RESERVE CUT ITS INTEREST RATE FROM 5.25% TO 4.75%, AND THIS RATE IS THE RATE THAT BANKS CHARGE EACHOTHER.    THIS RATE CUT IS TO ENCOURAGE ECONOMIC GROWTH AND GIVE A CUSHI...
09/18/2007
Bankrate.com gives you great hints as to what to look for when purchasing a home and dealing with a Loan Officer or Lender..... The lending institution considers your creditworthiness when deciding whether to extend a loan and how much of an interest rate you will pay. Your creditworthiness boil...
09/18/2007
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Anthony Frustaci

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