Real Estate Agent BEWARE!

Do you remember that scene in Braveheart when William Wallace and the loan officers….er….I mean rebels descended upon the real estate agents….er….I mean the King and his nobles?  The loan officers…er, eh hum….I mean rebels, were acting out of crazed desperation.  How does this relate to YOU, the real estate professional?  How does this relate to […]

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LDP/GSA – to close or not to close??

I bet you didn’t know that your real estate transaction could be derailed by a background check being done on the seller, buyer’s agent, listing agent, appraiser or other licensed professionals associated with your transaction, did ya??  it doesn’t happen very often, BUT that doesn’t mean that it can’t!  lenders scrub the names of all […]

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everything you need to know about FHA mortgage insurance – psst, there are TWO!

Effective April 18, 2011 FHA Monthly Mortgage Insurance Premium (MIP) Increased By 0.25 to 1.15 Point UFMIP Remained at 1.00 Point FHA Mortgagee Letter 11-10 Current Monthly Mortgage Insurance Premium (MIP) An annual premium, shown below, paid monthly, will charged based on the initial Loan to Value and length of the mortgage according to the […]

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B of A…or B of Nay?

who needs bank of america anyway? wall street journal broke the news our firm had been following and preparing for over the last 120 days.  BofA intends to sell its correspondent mortgage business, as the troubled lender looks to narrow its focus. so, what does this mean to you, the real estate community, the lending […]

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teachers, firefighters, police officers, health care workers loan – is it a good deal or not?

THINK TWICE BEFORE ASSUMING A PROGRAM GEARED SPECIFICALLY FOR A PARTICULAR CLIENT IS THE BEST PROGRAM AVAILABLE TO THEM.  freddie mac has a loan product titled “home possible neighborhood solution” which is geared towards teachers, firefighters, law enforcement officers, health care workers, and military personnel.  there have been several mortgage companies pushing this product, yet very […]

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financial reform’s MUST knows!

How Financial Reform Impacts Homeowners and Buyers Southlake, TX, July 16, 2010 – “Homeowners and buyers who are sitting on the sidelines should get moving today unless they want to get blindsided by the impact of a new law,” said Cole Holmes, CMPS, Branch Manager/Mortgage Planner with Service First Mortgage.  “The massive financial reform law […]

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