Have a Great Halloween
I find it very interesting that Halloween is just behind Christmas as the most popular holiday. It certainly doesn’t surprise me as it is another holiday around our children and grand children. It gives the rest of us a chance to enjoy the utter delight that the kids have in getting the dickens scared [...]
You Must Look at Loan Fees & Compare
Once again I had a potential customer who decided to go with another company who got them a rate that was .250% below what anyone else was quoting and it looked like a great deal from the original GFE that they were given. Then, about a week after they closed the refinance loan, the [...]
A Way to Save on Your Electric Bill
You can take an online energy audit on the Nashville Electric Service’s website and receive a package called and Energy Conservation Kit to help you save energy in your own home.
The kit includes:
2 compact fluorescent bulbs
Outlet & light switch gaskets
Filter whistle
2 faucet aerators
Hot water temperature gauge
Home thermometer
How to Save brochure
It’s a great start and [...]
Go to the Source if You Have Questions
One of the best places for anyone to go for the real answers is the official FHA (Federal Housing Administration) website; HUD.com. The only challenge is to figure out which section proteins to your question or concern. It is easier if you look to the left hand side of the page and choose the [...]
The Predators Are Out Again
In the last week I have had three of my past clients call me because they had received either a letter in the mail or a phone call from someone promising them to better their interest rate and payment through a refinancing their current home loan. Each one of these families have either purchased [...]
Rates Are Up
For all of those waiting for the rates to come down even lower in order to purchaser a home, you may have waited too long. Rates went up from .500 to 1 point last week and they are holding today.
People still think mortgage rates go up and down with prime. I have blogged and [...]
Underwriter Hell
It has been a difficult year in the mortgage business trying to keep up with all of the changes that keep coming down in droves. I give kudos to all who have half way stayed on top of the situation.
Today, however, I want to publicly thank all the underwriters and processors who have been [...]
Feds Cut Rate Again by .500
I have already been called this morning and asked if interest rates are going to fall again. My answer, I have no idea. Interest rates are not following normal historical indicators so no one that I know feels confident in predicting what might happen. It also takes anywhere from 6 to 12 months [...]
Why New South Federal Savings Bank
Now that I have recently moved from a mortgage company to a regional bank, I have had several people ask me why I made the move since I was happy at the mortgage company. The simple answer is that times are a changing and I felt it was the right thing to do, not only [...]
THDA Great Rate Program
The THDA Great Rate program is a program designed for those who either have 3 to 5% of their own money to put down or an expectable gift from an approved relative to cover the required down payment.
It is called the Great Rate program because it has the best rate of all the first time [...]