Appleton, WI Real Estate News

By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  Identity Theft is a serious felony that affects millions of Americans each year.  In today’s installment Milly lets the nation know about the “3 D’s” to protect themselves from these identity theft “scumbags” (as he so eloquently puts it).  Honest Americans today need to safeguard their non-public information more than ever and need to keep in mind that they can become a victim anytime and in several different ways.  With risk of sounding paranoid, in today’s video Milly gives the “what to look fors” and the “how to keep them aways”. Identity Theft is a crime punishable by law and can take years to remedy for the victim.  If you or one of your loved ones feel you are a victim or might be falling victim to identity theft, do not hesitate to call the authorities today. We hope you enjo...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  Back in 2007 the government put in place the Home Debt Relief Act. This act allows US Citizens to short sale or “unload” their primary residence for less than they owe and not take an income “hit” on their taxes. The Home Debt Relief Act of 2007 is set to expire Dec, 31, 2012. In today’s installment, Milly let’s the American public know that if they’re one of the 11 million homeowners still “under water” on their home and have been kicking around the idea of putting their home on the market as a short sale, now is the time. We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free to share or re-post this video. www.millythemor...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  Today’s installment is part 2 of our “MI WEEK”.  It’s kind of like Shark Week, just without the cool action and blood.  Seriously though, mortgage insurance deserves it’s own video(s) due to it’s influence on a homeowner’s monthly payment and budget.  In today and tomorrow’s installments, Milly talks about what to look for, how to get prepared and what to ask for to make sure you save as much money as possible on this most “volatile” piece of your mortgage payment. We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free to share or re-post this video. www.millythemortgageguy.com jameym@fairwaymc.com Phone:             877-407...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  Today’s installment is part 1 of our “MI WEEK”.  It’s kind of like Shark Week, just without the cool action and blood.  Seriously though, mortgage insurance deserves it’s own video(s) due to it’s influence on a homeowner’s monthly payment and budget.  In today and tomorrow’s installments, Milly talks about what to look for, how to get prepared and what to ask for to make sure you save as much money as possible on this most “volatile” piece of your mortgage payment. We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free to share or re-post this video. www.millythemortgageguy.com jameym@fairwaymc.com Phone:             877-407...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  Harp 2.0 is out and on the streets!  The program isn’t quite was it was cracked up to be on Capitol Hill, but offers a lot of opportunity for American homeowners that were not able to take advantage of Harp’s first edition. In today’s installment Milly breaks down the facts that American homeowners need to know to find their eligibility to take advantage of this program. Dont’ forget, if you have any questions about property, income or loan elgibility for Harp 2.0, don’t hesitate to give us a buzz! As always………..Milly brings us mortgage value along with a couple of laughs! We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel fr...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Are you an Appleton Wisconsin homeowner upside down on your mortgage? Do you have good credit   and good mortgage payment history? Was your Fannie Mae serviced loan closed prior to 3/31/09?   If you answered yes to all of these questions you may be eligible to reduce your mortgage rate and   start saving money.   It is time to take advantage of the new Appleton Wisconsin HARP2 mortgage program.    Please call me today at 920-623-9242 for a fast money saving analysis.  
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  When applying for a mortgage to either purchase a home or refinance a home, a borrower must remember that the mortgage world doesn’t work like the real world……………….CASH IS NOT KING. A “clunky” part of the underwriting process for a new mortgage can be when the borrower is using cash or un-sourced funds to facilitate the deal.  In today’s video blog, Milly talks about the instances in which clients need to bring money to the transaction and some of their common rebuttals. As always………..Milly brings us mortgage value along with a couple of laughs! We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free to share or re-post this ...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  The approach to a JUMBO loan when talking to our Illinois and Wisconsin clients is simple:  ”You’ve earned the big house……….not let’s make sure you get the mortgage products you deserve as well.” In today’s video blog, Milly talks about the obstacles a home owner or potential home buyerin the states of Wisconsin or Illinois will run into when attempting to take out a loan with a balance greater than $417,000.00. As always, Milly keeps us informed and let’s us know we  don’t have to “sweat” the challenges of a JUMBO purchase or refinance. (In his own special way of course) We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
Happy Friday everybody!  Here’s the proof that we do make mistakes (a lot of ‘em for that matter). Not really much to say here…………we have a mortgage video blog that we put a lot of time and effort in to. Enjoy the laughs today as we pull the curtain back and show you how the sausage got made! Due to file size…………the photo to the right will link you to Milly’s YouTube page for viewing! We hope you enjoy today’s installment! If you or any of your loved one have any questions regarding mortgage financing, home ownership or banking in general, please don’t hesitate to hit that MILLY button!! Feel free to share or re-post this video. www.millythemortgageguy.com jameym@fairwaymc.com Phone:             877-407-5656
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
  First time home buyers and “move up-move down” buyers in the Fox Cities of Wisconsin need to know that they do not have to live out in the middle of nowhere in order to take advantage of the USDA/Rural Development home purchase program. This program allows buyers in Wisconsin to purchase homes NO MONEY DOWN, at a national average interest rate, with very average credit and very little mortgage insurance.  This USDA/RD program is available nationwide, but today we’re going to talk about my peeps, the residents of Appleton, Wisconsin and the rest of the Fox Cities.  In Appleton alone, a buyer can be less than five minutes from shopping and amentias and still qualify for the USDA/RD home purchase program. A quick summary of the borders for property eligibility for the Appleton area are ...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Appleton Wisconsin Refinance Success Story: James   James, a 55 year old VA nurse, needs our mortgage assistance. James has a few issues with his finances.  James’s mortgage payment is way too high and his current lender will not refinance his Appleton Wisconsin mortgages. You see James has three mortgages – all with the same bank. The highest interest rate was over 8 percent.  James also had another issue – his current septic system needed to be replaced, he needed a new mound system. James currently pays more than half of his monthly income on his three Appleton Wisconsin mortgages.     James has above-average credit and a completely updated home (other than the mound system) in rural Wisconsin.     James’s main concern is declining home values in rural Wisconsin.  James thought he wa...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Appleton Wisconsin Refinance Success Story: Debbie   Debbie, a 65 year old semi-retired school teacher, needs my help. Debbie has a serious cash flow issue.  Debbie’s mortgage payment is way too high and her current lender is too greedy and they will not refinance her Appleton Wisconsin mortgage. Debbie’s interest rate was near 8 percent.  That is outrageous.    Debbie currently pays more than half of her monthly fixed income on her Appleton Wisconsin mortgage. Debbie has to substitute teach several days a month in order to make ends meet.  It’s tough to do this at that age.   Debbie has above average credit (she pays her bills,) a fixed income (a combination of SSI and small teachers pension,) and a modest home in the country.     Debbie’s main concern is declining home values.  Debbie...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Maggie and Nick recently came to WI-Mortgage.com inquiring about their Appleton Wisconsin Mortgage Refinance.  When they found our website at WI-Mortgage.com, they sent our contact form and we called them.  Their biggest concern was that they wanted to pay off some credit cards in addition to lowering their Appleton Wisconsin Mortgage Refinance interest rate.  When Maggie and Nick decided to utilize our services, they had many doubts because they had been told no by a few other banks.  They felt WI-Mortgage.com was their best opportunity to save a ton of money. Maggie and Nick brought all over their documentation into our office.  In addition to the typical documents neccessary to process a loan such as:  30 days of pay stubs, their last two years of income taxes, their current mortgage...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Paul and Clarise are a retired couple that owns a condo and wanted to work with WI-Mortgage.com on their Appleton Wisconsin Mortgage Refinance.  They purchased this condo about 2 years ago after they retired and sold their previous home.  When they puchased their condo, they used a significant portion of their proceeds to pay down the asking price of the condo.  They had tremendous equity in their condo and with rates at an all time low, it was time to lower their rate on their Appleton Wisconsin Mortgage. Paul and Clarise's current interest rate was 5.25%.  WI-Mortgage.com was able to lower their interest rate to 4.25% and save them almost $100 per month!   Many lenders frown toward Appleton Wisconsin Mortgage Refinance on condominiums.  There are many reasons for this but mainly lende...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
WI-Mortgage.com recently helped a single man, Richard, with his Appleton Wisconsin Mortgage Refinance.  Richard's situation was not unlike many other clients we deal with on a daily basis.  Richard had some credit issues that prevented him from getting an Appleton Wisconsin Mortgage Refinance at other lending institutions. Having purchased his home nearly 5 years ago, Richard had paid down his mortgage a little bit but wanted to pay his home off sooner.  When he purchased his home, he received an interest rate of 6.875% on a 30 year fixed.  WI-Mortgage.com was able to help Richard with his Appleton Wisconsin Mortgage Refinance and lower his interest rate to 4.75% on a 25 year term.  Simply lowering his rate saved Richard over $150 per month on his new 25 year Fixed FHA Mortgage. The ent...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Vanessa and Larry is a recently married couple looking to start their relatively new marriage out right.  Vanessa had purchased her home about 8 years ago prior to meeting Larry.  So Vanessa was looking to add Larry onto the title of their home.  Together, they decided to work with WI-Mortgage.com on their Appleton Wisconsin Mortgage Refinance. Both Vanessa and Larry had great credit and had a great job history.  Vanessa had not refinanced her Appleton Wisconsin Mortgage since she purchased the home.  Her interest rate was at 7.25% and had plenty of equity.  Their decision to place Larry on the title only strengthened the file. With Appleton Wisconsin Mortgage Refinance rates at all time lows, WI-Mortgage.com was able to secure an interest rate at 3.50% on a 15 year term.  This rate and...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
The Appleton Wisconsin FHA loan limit for the FY2012 will be $271,050. That includes both Outagamie and Calumet county parts of the city.  The Appleton Wisconsin FHA loan limit did not change from FY2011.  I have included a small summary of larger Wisconsin FHA loan limits. Please see below. These are the Wisconsin FHA loan limits:  Amount  Wisconsin County FHA Loan Limit  $410,000 Kenosha County FHA Loan Limit  $365,000 Pierce County FHA Loan Limit  $365,000 St.Croix County FHA Loan Limit  $315,000 Milwaukee County FHA Loan Limit  $315,000 Ozaukee County FHA Loan Limit  $315,000 Washington County FHA Loan Limit  $315,000 Waukesha County FHA Loan Limit  $293,750 Columbia County FHA Loan Limit  $293,750 Dane County FHA Loan Limit  $293,750 Iowa County FHA Loan Limit  $278,750 Walworth Co...
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By Frank Pabon, USDA, FHA, Appleton Home Loans 920-319-5368,
(Hartford Financial Services - Wisconsin Mortgage Lender)
Heather is a recently divorced woman with two teenaged children.  After the divorce, she determined it was time to refinance her Appleton mortgage.  Her credit was slightly challenged with a few accounts with late payments but generally paid her bills.  She recently changed jobs as well but maintained the same position at a new company making more money.  Heather's current Appleton mortgage has a balance of $150,000 at a rate of 6.75%.  With Appleton mortgage interest rates at record lows, the time to secure this mortgage was now! We quickly detemined that her goal was to reduce her monthly payment and provide as much relief as possible.  Having to survive on one income was making things a little more difficult for her. WI-Mortgage.com was able to provide Heather a brand new 30 year fix...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
Video: http://www.youtube.com/watch?v=5pe0FybNfmQ In our constant pursuit to appease our Wisconsin clients and provide legendary service, we find our backs against the wall on one particular topic.............BANK STATEMENTS. Nowadays, about ninety percent of the mortgage applications we process in Appleton, WI and the surrounding Fox Valley, WI will involve the client to furnish two months of recent bank statements.  This being said, the same questions, rebuttals and aggravation is felt from a lot of our clients when asked to fulfill the items that the mortgage industry mandates we require from you in order to get your loan done.  As we strive to make each client a "fan" of us and our service--we want to relay, with a little humor that you're not alone and we feel your pain.  Chanin on...
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By Jamey "Milly" Milheiser
(Fairway Independent Mortgage Corp.)
Video: http://www.youtube.com/watch?v=6BwIkralCE0 The 5 biggest mistakes Wisconsin buyers make when buying foreclosed homes in Appleton and the Fox Valley………..  As we are all well aware, purchasing of foreclosed homes represents a large portion of the moving housing market today in Outagamie, Winnebago and Calumet County in Wisconsin.  It has become a large enough portion of home purchasing that whether a buyer is intending to buy a foreclosed property or not, chances are they will find themselves involved in negotiating with a bank, lender or asset management company either as the seller or on their behalf.  If you’re someone, especially if you’re a first time home buyer, that is planning on entering the Appleton or Fox Valley real estate market as a buyer in the next twelve months………....
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