Use Stimulus Money for Down Payment – New THDA Loan
Between now and November 30th you may be able to borrow against the first time home owner credit, up to $7,000, and use this money for your down payment and closing costs for a home with the new and limited time frame stimulus loan from THDA. You must be a first time homeowner, which means [...]
Rates are Creeping Up
It’s been known for quite awhile that interest rates are being artificially held down by the fed and the government’s action, which has led to great opportunity for first time home buyers as well as anyone buying or refinancing a home. With that said, many believe they will not stay down forever and over the [...]
What a Great Title Company Can Do for You!
Most title companies can get the job done because that’s what they get paid to do. However, a great title company will do whatever it takes to get the loan closed, even if that means getting up early, traveling, or staying late. It’s what I call customer service! I believe you should ask the Realtor [...]
A New Political Analogy
I good friend of mine has come up with a new political analogy that I find amusing and true yet somewhat sad. He says that politics are more like a football game these days. One side has the ball and drives to score political points while their side cheers on the sidelines. Once they loose [...]
5 Things Loan Officers Don’t Do & 5 Things they Do
Most people know what loan officers do; get you a loan for a mortgage, but few know what loan officers don’t do. The following are five things that loan officers do not do that are handled by others.
Negotiate contracts
Show properties
Appraise [...]
Good Friday Tornados in Tennessee
I’m sitting here in my office watching the news coverage of today’s tornados throughout Middle Tennessee and thinking how lucky so many are today. Though I had been around tornados my entire life but until I actually went through the one here in Nashville in April 1998, I just didn’t understand the devastation that a [...]
Property Issues are Starting to be a Problem
If you have been in and around the real estate industry for very long you will remember the time when everyone hated dealing with FHA and the appraisal process that was involved in getting this type of loan. Then several years ago FHA changed and the appraisal process was just about the same as [...]