Jerry Wright's (jerrywright) Blog

By
Mortgage and Lending - Absolute Mortgage
RECENT BLOG POSTS
Entering active duty in the nation's armed forces is a tall order. To make sure that big move doesn't come with heavy financial and legal burdens, the Servicemembers Civil Relief Act offers military professionals a variety of protections. Taking full advantage of the protections provided by the S...
12/06/2012
I get asked this question at least once a week.  I also get asked what if I short sale my home or let it go to foreclosure, then how long do I have to wait?  The answer is simple yet complex.  First off it depends on the type of bankruptcy, 7 or 13.  It also depends on if there were any extenuati...
06/20/2012
Each week Freddie Mac—one of the giant Government Sponsored Mortgage Enterprises—releases their “Primary Mortgage Market Survey” or “PMMS”.  For the week ending November 10, 2011 the average 30-year fixed rate conventional mortgage was reported at 3.990%. Almost invariably the mainstream media wi...
11/16/2011
In a surprising announcement, the USDA Guaranteed Rural Development Home Loan Program announced starting October 1st, 2011, they will begin collecting (charging) monthly mortgage insurance of .3%, but their up front mortgage insurance will be reduced from 3.5% to 2%. If you are unfamiliar with th...
09/01/2011
USDA Loans Will Have Monthly Mortgage Insurance as of October 1, 2011What Does This Mean To You? USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying ho...
06/02/2011
Over the last few years, the government has funded mortgages as large as $729,750 in high-cost areas throughout the country. Those loan limits were temporarily increased because the economy was struggling and many lenders would have refused to make those loans without the government covering the ...
05/27/2011
0 Comments
Can you believe it?  HUD announced today that starting April 18th the mortgage insurance on FHA loans will go from .9 to 1.15% for it's monthly mortgage insurance.  They recently bumped it up from .55 to .9 monthly and now they are raising it again.  This will make the monthly payments for this g...
02/16/2011
Superstar REALTOR Terry Moerler has clients fill out a concierge form at home, prior to meeting with them. This helps her better understand those prospects and target their hot buttons. It affords her an opportunity to probe their minds, know their likes and dislikes, and then meet their needs wi...
12/07/2010
Many Real Estate professionals feel that open houses are too time-consuming. Frankly, they are time-consuming. But I can provide assistance as a mortgage professional on hand to field many questions for you regarding financing options.Even in a booming market, homes don't sell themselves. I would...
12/03/2010
Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that compete for your business, your clients are already armed with more information than ever before.T...
12/01/2010
Rainmaker
66,556

JerryWright

MLO 181458
local_phone(360) 436-4681
smartphone(425) 238-2095
Contact The Author