Mike's Blog

  The interest rates and closing costs that you shop for today for a mortgage loan could be dramatically different when you get to the closing table.  Unscrupulous mortgage broker and bank loan officers are intentionally quoting low interest rates and even lower closing costs as a way to get con...

The current mortgage crisis has brought about increased awareness of mortgage loans fraught with errors that could allow homeowners to completely rescind their mortgage loan, including those homeowners facing foreclosure. Violations of the Truth in Lending Act (Regulation Z) have proven to be ver...

The current mortgage crisis has brought about increased awareness of mortgage loans fraught with errors that could allow homeowners to completely rescind their mortgage loan, including those homeowners facing foreclosure. Violations of the Truth in Lending Act (Regulation Z) have proven to be ver...

Many of today's Florida licensed mortgage brokers and Loan Originators lack the necessary skills to truly assist consumers in securing the best financing arrangements possible, due in large part to the fact they are poorly trained, lack the most basic skills necessary to truly understand all face...

One of the most important and yet least used disclosures in a real estate transaction could be used to help buyers, sellers, and even real estate professionals better understand the immediate Created in 2006 and also known as FAR form BDS-1x, the Buyers Disclosure Statement was designed to assist...

Homeowners across the country who refinanced their mortgage with a predatory lender may be able to receive a refund of all of their closing costs and the interest they paid, provided that they act within three years of the closing of their mortgage loan. Thousands of homeowners who refinanced the...

If you purchased your home in a sellers market and are trying to sell your home in today's buyer's market, it is highly likely that you will be faced with asking your mortgage lender for some debt for some debt forgiveness in selling your home, otherwise known as a short sale.  Putting your home ...

Proposed changes to the Real Estate Settlement and Procedures Act will provide tremendous benefits to consumers as it pertains to the disclosure of closing costs, interest rates, and prepayment penalties that are associated with a new mortgage or the refinance of a current mortgage. On March 12, ...

Homeowner's having financial difficulty in paying their monthly mortgage payment who also want to keep their home should strongly consider asking their mortgage lender to simply modify their mortgage loan as opposed to selling their home by short sale. A loan modification is the newest tool in a...

Homebuyers turned away due to lack of credit or credit scores do have a rather unconventional way to be approved without traditional credit or even a credit score. Nontraditional credit is a widely used form of credit verification used by certain mortgage lenders for loan applicants who prefer n...