My Home Loan With Jay

“In with the new and out with the old” This is a phrase we often here this time of year. I don’t know about you, but I certainly hope 2009 is better than 2008.   For the last couple of years as I’ve come to the end of the year I remember thinking, let’s just get this year over with, next year can...

After cutting production 2 million barrels back this summer OPEC has recently announced additional cuts of 2.2 million barrels.   I became interested in “The Pickens Plan” from his TV ads this summer and have been following his web site. I was familiar with T. Boone Pickens from my days living in...

Employment Information Are You Stable? This section of your home loan application addresses your employment information. Stability is considered by looking back over at least the past two years. Another of the two year look backs of a mortgage loan application.   Be prepared to provide your mortg...

Christmas time holds special memories for me and I'm certain this is true for countless millions of others. I remember one Christmas when I was quite young when I got up early, before anyone else, and in my zeal to open each and every present I received I diligently opened every Christmas present...

In an era of high foreclosure and short sales the FHA 203(k) loan program may be just the answer.   It can also be the answer for existing homeowners that may choose to remodel/upgrade their current home I don't really know how long this loan program has been in existence, except it has been arou...

One of the aspects of rain land I enjoy is you can learn so much from the experience of others. I want to first thank of couple of contributors that posted tutorials that provided insight for utilizing facebook. Thanks to Kerry Lucasse for her post "Promote Your Blog On Facebook" This was particu...

Part III of the Uniform Residential Loan Application compiles Borrower and Co-Borrower information.   Of course you will need to provide your full name, as it appears on your social security card. It is also useful to provide your loan officer with any other name you may use or any other name you...

I have been a Republican all my life. I would actually characterize myself as a conservative and as such I think the Republican Party is the only home for me. In fact, when I first registered to vote in Franklin County Georgia, way back in 1972, the clerk at the county courthouse told me the Stat...

  When I initially speak with someone interested in a residential mortgage most of the time the first question I am asked is either (1) what are your rates. Or (2) what do I need to do to qualify for a loan? The purpose of this series is to address the steps in completing a mortgage loan applicat...

I was working on home loan applications, in my office in Greenville, NC, when the phone rings. I promptly answer and a woman is on the line. She tells me she has just called our telemarketing department and they had referred her to the nearest local branch. (Sidebar: this is generally a sign that...