Kevin Sechrist's (ksechrist) Blog

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Mortgage and Lending - NMLS # 260960
RECENT BLOG POSTS
Yes, we still have a couple no down payment or very low down payment options to qualified buyers. As of today, Sept. 2, 2009. Plus, Uncle Sam will give up to $8000 tax credit for people who haven't own a home in the past 3 years. And the state of Georgia gives up to $1800 tax credit to home buyer...
09/02/2009
Do you know the way to FHA? Here are two recent examples of motivated first time homebuyers who got a very safe, 30 year fixed loan at attractive market rates. I had a deal last week that closed with Nehemiah down payment assistance and the new resident alien got back all of his earnest money dep...
04/14/2008
During the month of March 2008 there were a whopping 149 changes, tweaks and modifications to loan program guidelines. These include adjustments to LTV/CLTV, credit score minimums, MI, documentation types, and more. You need a full-time, direct lender on your team to help navigate these dynamic t...
04/14/2008
What The Fed Cut Means To Mortgage RatesInitially not much. Long-term mortgage rates (15-30 year) are based on the bond market and Mortgage Backed Securities (MBS). When the Federal Reserve "cuts rates," it refers to the Fed Funds Rate, which is what banks charge each other for overnight loans. A...
03/18/2008
FHA Raises Loan Limits in Northwest Georgia to $346,250! This is very welcome good news. The new temporary FHA loan limits have just been finalized, depending on geographic region. Previously the 28-county metro Atlanta metropolitan statistical area (MSA) was limited to $252,890 for FHA. Now a si...
03/06/2008
  Did you happen to catch CNBC personality, best-selling author and stock guru Jim Cramer on Mad Money Jan. 30, 2008, following the Fed's decision to cut their benchmark rate an additional 1/2 point at today's scheduled meeting? Here is a snapshot of the stunning turnaround predicted, from the mu...
01/30/2008
Another mortgage professional and I were recalling all-time 30-year fixed rates back in June of 2003, that hit below 5% for exactly one day. Do you realize what unique times, in a good way, we are in, in terms of low fixed mortgage rates.Here's some "fun with numbers": Did you realize that since ...
01/28/2008
Credit Scores Even More Critical These DaysCredit scores are more important than ever. Your credit score affects insurance and consumer credit rates, as well as your ability to obtain a mortgage. Private mortgage insurance companies have recently tightened minimum credit score/loan-to-value guide...
01/17/2008
Why Pre-Qualify? Make sure you're looking in the right price range based on your qualification and projected monthly payment. Save time and effort for all parties involved. A Pre-Qualification letter from a reputable lender like Countrywide can be a valuable negotiating tool when you're bidding o...
01/10/2008
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 Greetings to the wonderful world of Active Rain blog-o-sphere. I haven't yet posted a blog on this new site, so I thought I better get cracking. I love sharing information and inspirational gems to keep us inspired in this real estate industry. I believe the best agents and mortgage professional...
06/13/2007
Rainer
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Kevin Sechrist

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