Illinois and Indiana Home Loan Expert in FHA | VA | USDA | FHA $100 Down | FHA 203(k) | Fannie Mae | Ginne Mae

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Mortgage and Lending - Canopy Mortgage, LLC - NMLS 124492
Certified Mortgage Planner, Certified FICO Pro and Certified Military Housing Specialist blogging about mortgages, real estate, economics, politics and community events.
I had a conversation with a consumer today that reinforces the fact that they have no clue what is going on in the real estate industry. The conversation went like this for the consumer...I hear that the Fed is going to reduce the rate by 50 bps; therefore, I am going to wait so I get a better ra...
Once again the media is make a big deal about the record high rate for delinquencies, defaults and foreclosures. When looking at a rate near 5% what does it really mean. What I see in the number is that 95% of homeowners is doing there due diligence and making their payments on time. When you con...
For those of you didn't hear the fantastic news this morning, here it is in a nutshell. Housing starts are at a 16 year low and building permits are at a 12 year low. Strip the negativity that the media would like you to believe and this is fantastic news for the real estate industry.With the gl...
I would like to pass on a mindset that can be liberating for those who follow. If you are like one of the 3.5 billion humans on the earth, you probably enjoy the receipt of a gift. I would like for you to incorporate the following into your lives.Yesterday is called the past. It is important to h...
Entitlement is defined as follows: A guarantee of access to benefits because of rights, or by agreement through law. It can also refer, in a more casual sense to someone's belief that they are deserving of some particular reward or benefit. Not only do I hear this from clients, but I also get thi...
It fascinates me that famailies blindly go through life without an estate plan considering how much certainty they demand during the home purchase process. For instance, famalies want a home in a good school district, a stable neighborhood, area of appreciating home values, a 30 year fixed mortga...
If you believe the headlines, we are in a horrific market that still has yet to reach the bottom. The outsiders looking in are quick to point out high inventory, long market times and devaluation. Most of the hype comes from national statistics. As we all know, real estate is all about the local....
As all of us know in the real estate business, this past summer was a whirlwind of chaos stemming from the subprime mortgage debacle. If you fell into the category of a subprime and/or Alt-A borrower you felt the impact immediately. For those of us who are historically A credit grade borrowers we...
Every year during the holidays, we inevitably hear of a heart-breaking story about an individual who has been terminated from their employment. This year is no different. As last Friday's Jobs Report illustrated, more and more Americans are unemployed. The economy is on shaky ground and the finan...

James K Barath, CMPS

FICO Pro, Certified Military Housing Specialist
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