Kirk Mulhearn's (kirkmulhearn) Blog

Long Beach, Ca.  Recently on Dec 21, 2007 President Bush signed into law, HR 3648, the Mortgage Forgiveness Debt Relief Act.  Basically, the law gives a temporary tax break for home owners who convince their lender to take less then what is owed on their home through the short sale process for th...

Long Beach, Ca.  Today I read a very interesting article from Kelly Greene about reverse mortgages:  http://online.wsj.com/article/SB119862780200649751.html  please check out this article in that it really shows the type of progress borrowers have been making with banks as far as discounting the ...

Ready to Trade-In Your Home?Perhaps You Should Remodel Instead!Long Beach, California - Each year, millions of Americans move into the home of their dreams. As time goes by, families expand, kids grow older, and suddenly that home isn't quite so perfect anymore. Or perhaps you still love your hom...

Should You Leverage Your Home orPay It Down Rapidly?  Long Beach, California - There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to unders...

Seek a Qualified Mortgage Consultant to Ensure the Best ResultsUnderstanding Credit Scoring &Credit Repair  Long Beach, California - Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the...

Seek a Qualified Mortgage Consultant to Ensure the Best ResultsReverse Mortgages:Financing the Golden YearsLong Beach, California - Until recently, seniors 62 years of age and older have not had the best choices when it came to getting cash from their homes. Traditional home loans only offered th...

Refinance Your Mortgage for Rate and Payment ReductionLong Beach, California - One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one...

Many Loan Options AvailableHome Improvements Turn Average Homes into Dreams Come TrueLong Beach, California - If you're thinking about taking out a home improvement loan, there are several options to consider. First and foremost, your mortgage consultant needs to know why you want a home improvem...

Long Beach, Ca. - Since June of 2004, the Federal Reserve has systematically increased the federal funds rate, causing short-term interest rates to follow suit. As a result, consumers with Adjustable Rate Mortgages (ARMs) tied to volatile short-term rate indices, such as the LIBOR, are finding th...

Short-Term Interest Rates on the RiseLong Beach, California - In 2004, the Federal Reserve made it clear that short-term interest rates would be increased at a "measured pace" because of a fluctuating US Dollar, unstable oil prices and an evaluation of other economic indicators. In an effort to c...