My Home Loan With Jay

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Mortgage and Lending - Greenville, NC

ARCHIVED BLOG POSTS

2009 

I’ve been on Facebook about three months, which is more or less how long I’ve been here on ActiveRain. I’m finding, not surprisingly, people view their Facebook experience differently.   It will be fascinating to see how we, as individuals, manage this merging of the personal and business on this...
01/31/2009
I’ve been spending a little time, this morning, reviewing email I receive from Boone Pickens group and Barack Obama.   Bear in mind, I am a lifelong Republican, yet it intrigues me that I am receiving weekly emails from Obama’s operation. I have never had this happen from candidates that I actual...
01/25/2009
The last couple of posts regarding the FHA 203(k) program have dealt with what are the required improvements and the eligible improvements. Today we are going to review ineligible improvements under the 203(k) program.   While you are putting together repair/rehabilitation estimates it will be go...
01/24/2009
It doesn’t snow often in Eastern North Carolina. Today is one of those exceptional days. . I can’t remember exactly when it last snowed, but it seems at couple of winters ago.   When it snows here, it becomes almost like a holiday. We are not really adept in navigating around. So we tend to just ...
01/20/2009
Since December 2008 the Federal Reserve and the Treasury Department have been purchasing Mortgage Backed Securities on the secondary market. This has served to push mortgage interest rates down to historically low levels.   Why have they been doing this? What I’m about to say is strictly my musin...
01/19/2009
  This week we want to outline the types of repair/rehabilitation improvements that are eligible under the FHA 203(k) program.   Last week we discussed the types of improvements that are required under the program. For information concerning this, click here, for a review.   Let’s begin! First le...
01/18/2009
  Most of you are aware that we are in the midst of a refinance boom. The basic mortgage interest rate has been below 5% for about a month now. Interest rates will vary for each client depending on a variety of factors.   This week, the week of January 12-19, 2009, I characterize as the week of t...
01/17/2009
  As I sit down to write about this section of the 1003 (huh?) it strikes me that several post can be written about income analysis. The primary purpose of this post is to discuss, in general terms, how lenders review income for mortgage applications.     W-2 Income   Source of Income How Reviewe...
01/17/2009
I purchased gasoline on Friday January 2, 2009 for $1.39 per gallon. By mid-week the price had reached $1.79. I purchased gas again on Friday January 9, 2009 for a $1.69. 30 cents per gallon, a 22% increase, for the week.   This should come as no surprise, this has been happening for over 30 year...
01/11/2009
 Your have located the fixer-upper that you want to buy or you are preparing to repair/rehabilitate your existing home. You are now preparing your feasibility analysis for the repairs and rehabilitation with your real estate professionals.    HUD has required improvements that must be included to...
01/09/2009
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Jay Williams

Mortgage Loan Officer - Getting You The Right Loan
local_phone(252) 493-4802
smartphone(910) 527-1809
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