Help for Credit Issues
Being in the mortgage industry you see a lot of people who have made a lot of mistakes and are paying for it on their credit reports. There are normally two types of people that I talk to; those who have an “explanation” or “excuse” for every misstep and those that own their mistakes and [...]
Buying Bank Owned Property
I have had several people purchase or at least try to purchase REO property or Bank Owned Property. This can either be a relatively quick process or one that takes forever! It depends a lot on the timing of the offer and if the company that services the loan is the same company that is [...]
Will the Stimulus Money End in November or be Extended
I’m not sure why this keeps popping up as a question but over the last two weeks I have been asked is the stimulus tax rebate will be extended into next year no less than 6 times. While it seems to everyone out here on the front lines that the government should extend this tax [...]
The Difference Bewteen Closing Costs and Pre-Paid Items
Many people contact me and want to know why the closing costs are so high? The reality is the closing costs actually run about 3 to 4 % of the purchase price on homes in the $125,000 range and up. They are higher for less expensive homes because there are fixed costs that make the [...]
An Alternative to Refinancing
As rates move up and down, many are finding themselves in the position of not being able to qualify for a standard refinance. They either have a debt to income ratio that is way out of whack, a loss of job or not enough equity to pay for closing costs. If you find yourself in [...]
Should I get a 15 Yr Mortgage?
Getting a loan for 15 years is a great way to reduce the interest you will pay over the timeframe of your loan. With that said, it is also more cash out of your pocket each month so you will need to make sure you can easily handle the monthly payment. If that is not [...]
Nashville’s Wonderful 4th of July Celebration
If you have never made the trip to Downtown Nashville to enjoy the music, celebration and fireworks on the Fourth of July, I highly recommend you take the entire family to the Riverfront Park this weekend. I was hesitant because I’m not real found of being in crowds but my wife and I have [...]