Reverse Mortgages for Senior Citizens
Senior citizens who own their own homes may be faced with difficulty when paying bills every month; especially during this trying economic season. Most senior citizens don’t want to leave their homes or want to stay at home with their spouses, and leave their homes to their families when they are gone. For this reason, [...]
VA Loans
VA loans include mortgage loans available to veterans, and other personnel that have served in the military. Because military personnel have served in the military, when they are released they may not have the liquid finances to put a down payment on a house. To this end, the government steps in and offers a VA [...]
Limited by the Numbers
I am always amazed how some people think a loan officer can “just make the numbers work”. I’ve come to the conclusion that maybe that’s why we’re in the mess we are in right now in the mortgage business. The truth of the matter is this; no one should ever manipulate the numbers to make [...]
Getting Ready for Thankgiving
Let’s face it, it has been a wild year! Last year at this time no one knew what was going to happen as we had just been told that our country was on the brink of a financial meltdown like we had never seen before. Though you will find few people who are glad the [...]
New Rules & Regulations
Though the average person won’t see all the new mortgage rules and regulations that are still taking place behind the scenes, they will be somewhat affected. It is just not as easy as it used to be to get a mortgage and that’s not going to change. If the trend continues the way it has [...]
The Time it Takes to Close a Loan
There used to be a couple of things in times past that you would hear loan officers say. One was, “If you can fog a mirror, we can give you a loan!”, and we all know where that has taken us. The other is, “We can close a loan within a week.” which no longer [...]
It’s Been a Good Month for Me
I have had a great month compared to what the news says I should be having. If I believed them, I should just shoot myself and get it over with. The news seems to be real good at scaring the hebejeebies out of people and I’m just glad that there are people out there that [...]
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 [...]