Committed to You and Your Mortgage Needs Customers Are First
I am a professional and have the expertise in every facet of Real Estate and I put it to work for you. Whether you are refinancing, buying or investing in Real Estate, my systems are streamlined, effective and technologically advanced and I get results! It is a given most homowners will probably have a mortgage for life. Through continued professional management of your mortgage, you will achieve the goal of the lowest possible mortgage cost. Together we will work on a planned and definitive mortgage repayment that should allow you to live debt free. The goal of every homeowner should be one of a "Debt Free Life!" I look for ways to save you money by not charging exotically named fees like other mortgage lenders.
Get Fast Answers
At my website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan. Also, I will be happy to prepare a personalized mortgage quote for the home mortgage program of your choice. I can also prepare a Rate Watch Report for you based on your current mortgage data.
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Enthusiasm Working for You
Helping people make one of their most important decisions is a serious responsibility, but something that I enjoy doing. This enthusiasm and hard work will benefit you and help reduce the stress and anxiety often associated with real estate transactions.
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Established Credibility
I have 30 years of experience and knowledge working in the real estate and mortgage industry. I can say with confidence that I will get the job done right the first time and everytime. I am the best in my industry and I have the closed Real Estate transactions to prove that.
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HARP President Obama recently announced sweeping changes to the current Home Affordable Refinance Program (HARP) that could allow many of thousands of home owners to refinance even though they owe more than their home's current appraised value.
Highlights of the Program
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- The FHFA stated, "If the borrower refinances under HARP and their new loan is a fixed rate mortgage, there is no maximum LTV."
- Automated valuation models (AVMs) can be accepted in lieu of new property appraisals. Where reliable AVMs are not available, new appraisals will be required.
- Condominiums continue to be HARP-eligible.
- Borrowers can use any lender that provides HARP refinances.
- The loans must be backed by Fannie or Freddie and be fixed-rate. Adjustable-rate mortgages will be allowed as long as the LTV doesn't exceed 105 percent.
- The minimum LTV (loan to value) is required to be higher than 80 percent.
- No late payments are allowed in past six months, and a maximum of one late payment is allowed for the prior 12 months.
- Existing program is extended until Dec 31, 2013.
- Guidance from Fannie and Freddie is expected by Nov. 15.
Availability: Fannie and Freddie have not released any guidelines as of yet, so lenders are expected to be able to originate loans under these new guidelines before the end of the year. This effort is aimed to assist those homeowners that are in federally guaranteed mortgages (GSE), such as Fannie Mae and Freddie Mac that are current on their payments but not able to refinance due to declined home values. For more information click:
http://www.fhfa.gov/webfiles/22721/HARP_release_102411_Final.pdf
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 Mortgage News Daily
More Lender Updates; Letters from the Trenches and Legal Updates Focused on the CFPB - 7 hours ago
Posted To: Pipeline PressLondon plans to use a painfully "High-Pitched Sound Generator" to disperse large crowds at the Olympics. Observers note that it will be Cindy Lauper's first paying gig since '86. Speaking of high-pitched noises (and no, this is not a lead in to a Taylor Swift joke), the constructive clamoring about the CFPB's flat fee continues . "The CFPB for consumer finance, in my opinion, is the same thing as the CFTC for commodity trading overseeing Future Commission Merchants and the SEC for stock broker/dealers. Both the futures and stock brokerage industries have formed self-regulating entities. The National Futures Association for commodities and the Financial Industry Regulatory Authority (FINRA) for stocks. The mortgage industry would be well served if the industry itself through the MBA or other...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS RECAP: Slightly Bumpy Ride Late, But Important Level Holds - 1 day ago
Posted To: MBS CommentaryMBS Live : MBS Afternoon Market Summary 104-16 Turned out to be an important level for Fannie 3.5's today. There's more than the usual amount of content in the 'alerts and updates' section below if you're looking to get caught up on how it played out. Long story short, bond markets held up quite well on a Friday that mostly saw money flowing OUT of both sides of the market (i.e. equities and fixed-income both lower in price today). But even the late day volatility left the 104-16 technical level intact through 4pm. From now until MBS go out for the day, it's not out of the realm of possibility to see illiquidity take things a bit lower, but whether or not lenders react to that depends on the lender in question. If it were us, we'd call it a week. MBS Pricing Snapshot Pricing shown below is...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Mortgage Rates Lower Still, But Progress Is Slow - 1 day ago
Posted To: Mortgage Rate WatchMortgage Rates improved marginally from yesterday's new all-time lows. Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. When yields in the broader bond markets move lower, MBS (the "mortgage-backed securities" that most directly influence lenders' rates) tend to move lower in yield as well, allowing lenders to off lower costs, lower rates, or a combination of the two. With the recent move lower to a 3.75% Best-Execution level for 30yr Fixed Conventional loans, today's improvements were seen more in the form of decreased borrowing costs, or increased lender credit, as the case may be. If you're a first-time or even frequent reader looking for a bit more clarity on "best-execution," we just...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Mortgage Registry Now Includes all States, Federal Lenders - 1 day ago
Posted To: MND NewsWireThe State Regulatory Registry, LLC (SRR) and the Nationwide Mortgage Licensing System (NMLS) have issued an Annual Report for 2011. The report notes that 2011 was the first year that all state mortgage regulatory agencies utilized NMLS to manage mortgage loan originator (MLO) licenses on the system. In addition, in January the NMLS Federal Registry became fully operational. By the end of the year the Federal Registry contained active registrations for 11,081 institutions and 375,654 registered MLOs. According to the report, for the first time almost all of the nearly half-million individual mortgage loan originators (MLOs) along with their license or registration status and other information are now available to the general public on-line through NMLS Consumer Access. By the end of 2011 NMLS...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
MBS MID-DAY: Relatively Uneventful Despite Slight Weakness - 1 day ago
Posted To: MBS CommentaryMBS Live : MBS Morning Market Summary As the trading day progresses, things are shaping up to be increasingly uneventful even though MBS are down 6/32nds. Reason being: everything has been well contained, and what little weakness we've seen has occurred in a rather orderly fashion and without major volume spikes. Bond markets are staying reasonably connected to stocks, given the lack of market-moving data and European headlines. In short, today looks like the "wind down" that we thought yesterday might have been. We're not completely out of the woods as far as potential volatility is concerned. But as far as coasting into the weekend with minimal losses, it's "so far so good." MBS Pricing Snapshot Pricing shown below is delayed, please note the timestamp at the bottom. Real time pricing is...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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