THDA Rates Change
Tennessee Housing Development Agency has announced new rates for its first time homeowner programs as well as its new refinance program for those who are in danger of foreclosure due to sub-prime mortgages. Here are the new rates. Great Rate Program 6.10% Great Save Program 6.10 Great Advantage 6.60 Great Start Program 7.10 These and [...]
More FHA Changes Coming
The government continues to make changes to the FHA program and the people I have talked to don’t think the changes are over with as of yet. Though these changes are supposed to help people continue to get into homes and to protect them, I’m not sure there are any changes that can protect you [...]
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 or [...]
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 [...]
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