An FHA 203K Loan Makes Financing Lender Required Repairs Simple

The FHA 203K loan is a type of financing that is insured by the Federal Housing Administration. It is a unique type of financing that allows homeowners to obtain both a purchase loan and rehabilitation financing in the same transaction. Before this transcendent loan program, a homeowner had to obtain an initial, temporary loan to [...]

Our Mortgage Advice for the Week of May 24th

Present Market Conditions
“Mortgage rates last week were the lowest this year. Rates on 30-year fixed loans were not this low since the week of December 20, 2009, and 15-year fixed mortgages hit an all-time record since data began in August 1991” stated Frank Nothaft, chief economist for Freddie Mac. He continued [...]

The Fed support for low mortgage rates is set to end…..

For more than a year, the government pulled out the stops to revive home buying by driving down mortgage rates.
Now, whether the housing market is ready or not, the government is pulling out.
The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test of whether the Obama administration [...]

So, how does this Homebuyers Tax Credit Work?

So, how does this Homebuyers Tax Credit Work?
For those of us who are still left in the mortgage business (masochists that we are) , next to being asked, “So, are there any mortgage loans left?”, questions about the tax credit come in a close second. So, I thought I might provide a more detailed post [...]

Shopping Around for a Mortgage Loan?

HERE’S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!
First:  make sure you are working with an experienced, professional loan officer.  The largest financial transaction of your life is far too important to place into the hands of someone who is not capable of advising you properly and troubleshooting the issues that may arise along [...]

Todd Duncan Joins Prospect Mortgage as Chief Performance Officer

(Sherman Oaks, CA, June 4, 2009) – Prospect Mortgage (www.MyProspectMortgage.com) has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry.
Duncan brings [...]

The DC Team Application site is up

If you’re needing a rate quote or you need to submit your application so the team can get started on processing and underwriting your loan, then here’s where to go: Oregon Home Loan Application

First-Time Home Buyer Tax Credit Does Its Work

Single-family housing starts have generally been rising since early this year. They hit a low of 357,000 in January and February of this year (seasonally adjusted, at an annual rate), their lowest level since current records of housing starts began in 1959. There was one stumble when starts fell in August from July, yet they [...]