Gerry Suarez Jr.'s (gsuarez) Blog

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Mortgage and Lending - New American Funding NMLS 6606 - 310298
RECENT BLOG POSTS
In another blow to Obama's HAMP mortgage loan modification program it has come to light that these modifications can damage the borrower's credit score. This had previously not been reported to many homeowners' seeking relief through the program. The damage occurs when a borrower enters the trai...
12/28/2009
Beginning January 1stthe new and improved Good Faith Estimate (GFE) will be required for all mortgages. What does this mean to you the consumer? It means you will be confused like never before. That's not the intent behind the new disclosure. Indeed our government spent upwards of 7 years resear...
12/21/2009
HUD Secretary Donovan testified before the House committee on Financial Services Wednesday. Much of what he had to say concerned the fact that the FHA program is NOT going broke as many have claimed. He says unless things get decidedly worse, FHA will not need a government bailout. Reasons why F...
12/03/2009
As I sit here and toil with the content of this piece, I'm fighting the urge to lash out at our new President and the democratically controlled Congress for creating this mess they call the "Home Affordable Mortgage Program" or HAMP. I realize it's not their fault because of their political pers...
11/30/2009
  Our friends at Ameridream have put together another possible solution to overcoming the down payment hurdle. The program is HUD/FHA compliant by providing a collateralized loan for down payment and the program is just hitting the streets. It's offered through the Association for Homeowners Acro...
11/13/2009
 UPDATE- Today, November 5th the House voted for the Act with no changes to the Senate Amendments. Once the President signs it, this is what we will have as law. _____________________________________________________________________________ This afternoon at 5:28pm the Senate overwhelmingly approv...
11/04/2009
What an awesome post by a buddy of mine Steve Kappre that effectively sums up why you can't shop for a mortgage rate without ALL of the facts. That's why it's best to have a relationship with a mortgage professional you can trust! Thanks for the great blog Steve! Gerry Suarez, Jr. Your FHA Loan P...
10/03/2009
Where are we going with this Tax Credit? There is a lot of talk about whether THE Tax Credit will be extended or even expanded these days. I wrote a post that explained the state of affairs a few days ago but since then I've heard everything imaginable on the topic, so it's time for an update. Ag...
10/02/2009
  Last Friday the USDA formally announced it was entering its annual "roll over" of funding as of its new fiscal year October 1st. This mainly administrative action results in USDA's funding being delayed until it's made available through the General Accounting Office (GAO). This by no means indi...
09/29/2009
Last Friday the USDA formally announced it was entering its annual "roll over" of funding as of its new fiscal year October 1st. This mainly administrative action results in USDA's funding being delayed until it's made available through the General Accounting Office (GAO). This by no means indic...
09/29/2009
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Gerry Suarez Jr.

FL Mortgage Guru
smartphone(352) 516-9884
Contact The Author
Local information regarding Mortgage lending in Central Florida including Orange, Seminole, Osceola, Lake, Volusia and Marion Counties. Also providing up to date information on HUD and government loan programs, and first time buyer programs. I'm required to tell you I'm not acting on behalf of HUD/FHA or the US Government!