Time is Running Out – First Time Homebuyer Credit

Today is August 16th.  If you are in the market to buy a home, you have approximately 45 days to find a home and get it under contract if you want to ensure you can take advantage of the first time home buyer tax credit.
Why 45 days?  Because in forty five days, it will be around October 1st which is the latest [...]

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Celebrity Foreclosure

Well, it looks like the rough economy is hitting T-Boz from 90’s R&B group TLC.   Mediatakeout.com is reporting that her house is being foreclosed…

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Documentation Needed for a Mortgage

Many people have a phobia about the documentation needed to get approved for a mortgage. There really shouldn’t be any fear and the paperwork required really isn’t all that bad. When you apply for a mortgage, you should have the following documentation readily available as it will make the underwriting process smoother and [...]

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Why You Can’t Get Those Ultra-Low Rates…

Like most of the good loan officers who are still in the business, I have been bombarded with phone calls from consumers looking to refinance over the past week. Always a day late and a dollar short, the media is reporting that mortgage rates are back at historic lows. I locked a number [...]

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Flexible Mortgages Coming?

If there is one great thing that may come out of this housing crisis is that banks may develop more innovative mortgage products.  In the past, innovation at banks meant figuring out how to fleece consumers.  Now that banks are failing left and right, maybe they will develop mortgage products that are more focused on [...]

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