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Mortgage and Lending - Van Dyk Mortgage - NMLS:98535,Corp 3035
RECENT BLOG POSTS
Like any other industry, those of us have found other professionals that we are comfortable working with, those that we trust.  For real estate agents, lenders and title companies  it is critical to have a good working relationship to ensure a successful transaction for buyers and sellers.   Prof...
08/02/2010
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. Just check out some of these headlines from the last 24 hours: * Mortgage rates set new lows for the sixth straight week (Reuters) * Mortgage rates fall again; 30-year fixed...
07/30/2010
USDA still offers their no down payment home loans are available for most areas of the state of Tennessee.  The " RD " is a great loan, in fact it is one of the only loan programs that has remain virtually unchanged through the recent upheavel in the mortgage industry.  The program has relaxed cr...
07/19/2010
The Federal Housing Administration announced the changes in 3 primary areas that will affect prospective home buyers.1. Increase the upfront mortgage insurance from the current 1.75% to 2.25%2. Increase the credit scores requirement to 580 for borrowers wishing to put less than a 10% down payment...
01/20/2010
The number of FHA loan applications is growing...surprisingly. In fact, for some bankers, that is all they are seeing happen. Why are so many people looking into these loans? There are several reasons and it all comes down to the overwhelming benefits of FHA loans. The number of FHA loans secured...
07/30/2008
The White House and Congress, were able to reach a compromise that should offer significant support to the nation's struggling housing markets.  The bill gives the  Treasury Secretary power to inject capital into Fannie Mae and Freddie Mac, and provides for a federal agency to insure refinanced h...
07/23/2008
HUD has recently made changes allowing homeowners to qualify for FHA loans when buying homes that have been foreclosed, returned to lender (deed in lieu of foreclosure),  AKA REO properties.   REO stands for Real Estate Owned, which are essentially Bank Owned Repos.    Outdated regulations from H...
07/22/2008
On Friday, July 11, 2008 the Federal Government closed Indymac Bank.  It then reopened the bank under Federal oversight (FDIC) as Indymac FSB.   This closure not only effects depositors and Home loan seekers, but it also means trouble for the largest Reverse Mortgage lender, Financial Freedom.   ...
07/22/2008
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Bill McDonald

VA, USDA, FHA Government Loans - (865) 686-8711
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