RECENT BLOG POSTS
Mixed Data With little fresh news from global central bankers this week, the economic data was the primary influence on mortgage rates. Some reports were positive and some were negative. The net effect was that mortgage rates ended the week slightly lower. The Fed's target level for inflation is ...
08/05/2017
Most consumers don't understand what the rationale is behind a jumbo loan vs. conventional mortgage financing.  A conventional loan refers to a mortgage that can be sold and securitized through Fannie Mae or Freddie Mac.  These two agencies were originally established as government sponsored agen...
07/02/2017
 A VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses, provided they haven't remarried.  The most attractive benefit of a VA loan is an option to finance 100% of the home purchase, however, most would be home buyers don't realize that you ca...
07/02/2017
Europe Influences U.S. Markets  A hint of a taper in the European Central Bank's (ECB) bond purchase program drove European yields higher this week, and U.S. yields followed. The U.S. economic data caused little reaction. Mortgage rates ended the week higher, but still attractive for mortgage re...
07/02/2017
Congratulations on taking the first step to seeing how you can buy a home in RI with 100% financing. Call or email me at (401) 301-0130 or gdevine@goahl.com and I'll help you decide which program offers the best terms for your situation.  You can also visit me at webmortgagebanker.com  There are ...
02/26/2017
In Rhode Island, there are essentially three mortgage programs where you can purchase a home with 100% financing through either RI Housing,  Veteran's Administration (VA), and the US Department of Agriculture (USDA).   The following is a brief description of each program and general restrictions....
02/26/2017
1. Get Pre-Approved First - I'm not referring to the cursory phone call and credit report review with a mortgage lender.  Work with a loan officer who has experience with FHA 203K mortgages and insist upon a thorough review of your financial information before you make an offer to purchase a home...
02/18/2017
FHA 203(k) loans fill a unique and important need for home-buyers. Mortgage lenders will not finance a house in need of substantial repairs, FHA offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the purchase and r...
01/18/2017
This article is not intended to be a political view, it is simply a facual based update on market trends. The unexpected results in the Presidential election caused significant volatility in the markets, both overnight as the likelihood of a Trump victory grew and the next couple of days as inves...
11/12/2016
Favorable Fed Meeting Investors liked what the Fed said, or didn't say, following Wednesday's meeting. Both stocks and bonds reacted favorably. The economic data had little impact. As a result, mortgage rates ended the week lower.  As expected by most investors, the Fed did not raise the federal ...
09/24/2016
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George DeVine

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