Monthly Archives: October 2011

FHA Condo Recertification

Posted ago by Cary Cox

ShareFHA has been a great source of Condo financing. Many first time buyers purchase condos since many time they are less expensive than single-family homes. Now due to even more over-regulation condo associations are finding it difficult to have their …

Mortgage News – Things I’m Seeing

Posted ago by Cary Cox

ShareThe one constant it seems over the last few years in the mortgage lending industry is change, especially in underwriting guidelines. It seems that Fannie-Mae and Freddie-Mac are constantly tightening mortgage underwriting guidelines for anyone that wants to refinance their …

Mortgage Mess – The White-House Never Learns

Posted ago by Cary Cox

ShareEveryone makes mistakes and the difference between smart people and dumb people is that smart people never make the same mistake and dumb people never stop making the same mistake.  Well the Obama White-House falls into the latter category when …

Mortgage Rates In Papers & Bankrate.com

Posted ago by Cary Cox

ShareRemember when mom told you never believe everything that you read? Well no truer words could be spoken when it comes to mortgage rates advertised in newspapers like the Houston Chronicle or on websites like Bankrate.com – there is a …

Mortgage Application Tips – Part III

Posted ago by Cary Cox

ShareThis post will be the last in our series of “Mortgage Application Tips”. The blog posts have been written to show borrowers how to enhance their chances for mortgage loan approval when financing their home. We’ve covered credit scores, income, …

Mortgage Application Tips – Part II

Posted ago by Cary Cox

ShareLet’s finish up with employment and income tips picking-up where we last off last time.  For those borrowers that work for a company which they do not own make sure that you give your loan originator the name of the …

Mortgage Application Tips – Part I

Posted ago by Cary Cox

ShareThe days of just breathing will get you a loan approval are thankfully long-gone and hopefully never coming back. Obviously after taking billions of dollars in losses lenders have tightened up their mortgage underwriting guidelines making what you put on …

Home-Improvement Mortgages

Posted ago by Cary Cox

ShareIt looks like with the state of the economy many people today are opting to remodel or renovate their existing home rather than put it on the market and buy a new one. According to BuildFax via Linkedin remodeling has …

Pending Home Sales Report

Posted ago by Cary Cox

SharePending Home Sales are homes that have a purchase contract in place but have not yet closed.  The National Association of Realtors released their data for August and it showed a year-over-year annual improvement of 13.1%. When comparing August to …