Lock your Rate up to 180 Days, then Re-Lock it!

What if I were to tell you that I have a special mortgage program?? What if I were to tell you I have some of the best mortgage rates?? What if I were to tell you I have very competitive closing costs?? Yup…ordinary, just like all the other mortgage companies, banks, credit unions etc!  PrettyContinue reading “Lock your Rate up to 180 Days, then Re-Lock it!”

The Good Faith Estimate

A good faith estimate (GFE) must be provided by a mortgage lender or broker in the United States to a customer.  The estimate must include an itemized list of fees and costs associated with the loan and must be provided within three business days of applying for a loan.  These mortgage fees, closing costs andContinue reading “The Good Faith Estimate”

Home Buying Checklist

Have you ever been out looking at houses to buy and found that after about the 5th or 6th house, they all start to blend together?  You can’t remember the individual features of each house…what you liked and didn’t like about each of them.  Looking at houses can be a fun but a daunting experience. Continue reading “Home Buying Checklist”

The Government Shut Down

The current shutdown of the Federal Government has left many homebuyers and real estate industry partners with many questions about how the shutdown will impact their ability to do business. Merrimack Mortgage will continue to operate at full capacity during the shutdown; however, the shutdown creates some challenges for lenders. We hope  you find thisContinue reading “The Government Shut Down”

FHA to increase fees…Again!!

FHA is once again increasing mortgage insurance premiums (MIP) on all new purchase and refinance transactions. Effective for FHA loans that have been assigned on or after June 3, 2013 and in addition to this increase, the Annual Mortgage Insurance Premium will remain for the life of the loan. Meaning, you can only remove theContinue reading “FHA to increase fees…Again!!”