Mitch Friedman's (mitchsloans) Blog

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Mortgage and Lending - Premier Mortgage Group
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Hi FTHBer's This week so far has been crazy.  The mortgage industry is really getting it's head handed to it.  The Government is once again setting new standards for how we disclose information to all of us consumers.  Great idea, however the goal of this new disclosing system was to simplify the...
12/22/2009
Hi FTHB'ers What a great week we had in the mortgage arena.  I have seen many 1st time homebuyers getting out there and taking advantage of potential tax credit, low mortgage rates, and excellent property values.  This week we closed 14 transactions where 50% of the buyers were first timers.  I w...
12/12/2009
Hi FTHB's (first time homebuyers) The last time we met we discussed your income and how much of it can be applied towards your monthly house payment, called PITI.  Our next step is talk about how much of your income can also be applied towards your monthly bills in addition to a new monthly mortg...
10/10/2009
Hello FTHB's, (first time homebuyers) Tonight I would like to continue down the path of how much of your income should be going towards your new house payment, should you decide to buy your first home.  Unlike paying rent, lenders will only consider taking a 33% of your monthly gross income and a...
10/01/2009
Hi, I wanted to share with you a press release that is going out to several of the media stations to assist with supporting our educational first time homebuyer classes.  Please feel free to read below and if you have any question please either send me an email or check out my website at www.cfth...
09/27/2009
Hi FTHB's (first time home buyers), Tonight is a great night to discuss credit when it pertains to qualifying for a home loan.  Probably the second most important ingredient to the  success of purchasing your first home.  Below are a few items to take into consideration. 1.  Always make your mont...
09/25/2009
Hello FTHB's, (First time Home Buyers) I hope you had a good week.  My week was quite successful.  Six of the clients I am working with were able to purchase their first home.  They were so excited. Looking back on who bought the home is interesting. There were four women and two men.  All of the...
09/25/2009
Hi FTHB's (first time home buyers), Reminder of your next opportunity to learn and truly understand what it takes and how much it costs to buy your first (second or third) home.  A few of my real estate partners and myself will be offering our final class of the year, starting back up in January/...
09/25/2009
Ah, Saturday morning and just getting started for the weekend.  You got to love the ability to ride a stationary bike to "anywhere" and write a blog at the same time. I am the kind of person who hates scare tatics such as "if you don't do something by a certain date, then you won't be able to tak...
09/25/2009
Wow. What a week in the mortgage arena.  I felt like I had to dodge bullets to help my clients navigate through the current maze of change.  I can not even imagine what it feels like to contend with buying your first home, getting your first mortgage, and once you actually own your home if you re...
09/25/2009
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MitchFriedman

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