On April 8,2013, I was fortunate to start my new position of Vice President of Real Estate Lending at Member One Federal Credit Union. I am very excited to have this opportunity ! Why ?? A credit union’s mission is to serve its …
The monthly MIP is going up from 1.25 basis points to 135 basis points. Lets take a house at $150,000. The minimum downpayment is 3.5%, That makes the base loan $144,750, rounded to $144,700. The Up Front Mortgage Insurance Premium …
Valley Team Mortgage can offer you the convenience of applying for a loan in your pajamas from your living room couch. We can do your prequalifying over the phone, or by email. You can go to our secure website and …
As I meet with many wanna-be-homeowners in our new tightened credit standard world, something is recurring often so I thought I would try to shed some light on it. Since a lot of people have suffered financial setbacks in the …
I just put my license fee on the credit card to be a mortgage broker for 2013. I guess I am a glutton for punishment. This year has had ups and downs. As always, I have gotten to know and …
As we move along in 2012 ( where has the time gone, its almost November !!! ), the mortgage market hasn’t had major changes. They are coming next year. I want to warn all people
I’m happy to report that people are slowly getting used to the “new normal” standard of mortgage documentation. We all know its going to be much harder
We have added a lender that offers the FHA 203k streamlined program. That means you can fix up the house you are buying and add the repairs to the loan !!! Incredible stuff. What’s more exciting is the 203k streamline …
We have had a rash of things go sideways lately for people who have purchased a home and are waiting to close. This is a critical time in the mortgage business and there are a few mistakes to avoid that could …
Be Careful with your credit during processing of mortgage Read more »
The market is gaining some steam. I try not to be negative, but you have to once in a while. I find the mortgage guidelines to be over the top in many areas. Underwriters ( who I know are just …