Rodney Mason - Conv, FHA, VA, USDA, Renovation

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Mortgage and Lending - Guaranteed Rate - NMLS #151088
RECENT BLOG POSTS
Why do some Loan Officers give out estimates with incorrect fees? This could be the million dollar question.  Even with the new GFE that took effect on January 1, 2010, I have still seen very inaccurate estimates from time to time.  I recently saw one where several fees that were inaccurate.  Las...
02/20/2011
LEGOLAND Discovery Center has announced plans for a Phipps Plaza location in Atlanta.  The 32,000 square foot attraction is slated to open in March 2012.  It will join mall anchors Saks Fifth Avenue, Nordstom, and Belk.  The upscale mall is also home to high end retailers Barney's New York CO-OP,...
02/20/2011
On February 14, 2011, HUD announced that it will adjust its FHA Mortgage Insurance Premiums effective April 18, 2011.  This change is outlined in HUD Mortgage Letter 11-10.  It will increase monthly premiums by 25 basis points on that day.  In order to obtain the lower MI premium, the FHA Case nu...
02/14/2011
When can I get my draw funds disbursed on my FHA 203K Consultant mortgage?  This is one very critical question that most borrowers fail to think about and ask upfront.  When doing an FHA 203K Consultant Renovation mortgage, one very important aspect that many fail to consider is the draw process....
02/13/2011
Today I hit 170,000 points.  That now leaves me just 30,000 point short of hitting the 200,000 milestone.  I joined ActiveRain in November 2008.  It took me until last September just to reach the 100,000 mark.  Of course, I did not log in, post, or comment very regularly.  Now, in just 5 short mo...
02/13/2011
When can I get my draw funds disbursed on my FHA 203K Streamline mortgage?  This is one very critical question that most borrowers fail to think about and ask upfront.  When doing an FHA 203K Streamline Renovation mortgage, one very important aspect that many fail to consider is the draw process....
02/13/2011
FHA Program Basics Separate the Fact From the Fiction - The Real Story on FHA Seller Concession Limitations FHA Minimum Down Payment Increases to 3.5% on Jan 1st   FHA 203K Guideline FAQ - Appraisals (Also see Property Conditions)     FHA 203K Guideline FAQ   FHA 203K Guideline FAQ - HUD Homes Bu...
02/13/2011
FHA 203K Renovation Mortgage Flow When using an FHA 203K Renovation mortgage to purchase a home, there is a flow that needs to be followed.  When the proper course is followed, the FHA 203K approval process goes much smoother.   For all of your FHA 203K financing needs, call (404) 591-2453.  
02/13/2011
In today's ever changing lending environment, there are still underwriting requirements that many borrowers do not understand the need for.  Letters of explanation have become much more commonplace in today's mortgage approval process in the last 3 years.  A letter of explanation can be required...
02/11/2011
Can I write a personal check at closing? The usual answer to this question is no.  Most closing attorneys/title companies can/will only accept a personal check for a few hundred dollars.  The typical maximum is around $500 or $1,000.  Funds for a real estate closing typically need to be in the fo...
02/11/2011
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Rodney Mason

AL, GA, SC, & TN
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