6 Things to Know About Credit Scores

By Jessica L. Anderson | Kiplinger – Thu, Jul 12, 2012 FICO isn’t the only number in town. The score that counts is the one your lender uses. 1. There is no single number. The compilers of the widely accepted FICO credit score allow lenders to customize their system, so different lenders produce different scores. Plus, eachContinue reading “6 Things to Know About Credit Scores”

What is a Business Cycle?

The “Books” say an average business cycle is 44.4 months and we have lived through many of them. Some longer than that and some as short as a season in New England.  A business cycle is like the exhibit from our youth…“What makes an ocean wave, wave” at the New England Aquarium.  In the exhibit,Continue reading “What is a Business Cycle?”

How Do We Get the Message Out that Mortgages Are NOT Car Loans?

Here is an interesting article written by Brian Koss of Mortgage Network, Inc. Find out what’s really going on with the industry. There was a time in the late 90’s when all the focus was on getting the manufacturing of mortgages to mirror the manufacturing of car loans. The idea was that technology was theContinue reading “How Do We Get the Message Out that Mortgages Are NOT Car Loans?”

Do I Really Need Title Insurance?

Title insurance is one of the important and least understood aspects of a real estate transaction. There are two types of title insurance; lenders’ coverage and owners’ coverage. Title insurance protects the lender and the owner against all types of title defects and also covers issues such as zoning, access, and protects the lender andContinue reading “Do I Really Need Title Insurance?”

Is the Economy Stalling again?

Bill’s Bottom Line:  Now is a great time to consider refinancing your current mortgage to avail yourself with extra cash.  By having extra cash, the consumer will continue to spend money on other items thus helping the economy to recover. U.S. economy moving sideways again.  Momentum unlikely to pick up much in third quarter ByContinue reading “Is the Economy Stalling again?”

SELLERS: 5 Musts for Generating Multiple Offers

Selling your home?  Interested in getting multiple offers on your home?  Check out this article from Trulia blogger Tara. As you might have heard by now, multiple offers are the new black. Well – kind of; if your own home is on the market or soon to be, it can seem like you break yourContinue reading “SELLERS: 5 Musts for Generating Multiple Offers”

FHA Streamline Refinance

Do you currently have an FHA mortgage?  And has it not made sense to refinance because of the High Mortgage Insurance Premiums?  Well, FHA just announced that it is going to reduce the Mortgage Insurance fees for current FHA mortgage holders.  But before you get excited, there are some rules to follow. You must haveContinue reading “FHA Streamline Refinance”

Mortgage Rates: Can They Go Down Even More?

Good Morning!  It’s the start of another great week in the lending world.  Check out what is going on in the market this week! This Week in Mortgage Rates; The Treasury will auction $99 Billion of notes beginning Tuesday through Thursday. The 10 year note yield fell to 1.70% last week, a key resistance levelContinue reading “Mortgage Rates: Can They Go Down Even More?”

Mortgage Rates still Trending Down

Short Sale vs. Foreclosure

The KCM blog publishes news and information daily about the real estate market.  It’s a great source of what is the hot topic at the moment.  In their blog today, they talk about the Short Sale versus Foreclosure.  The information gives the consumer a better idea of what each of these processes entails. KCM Blog: Continue reading “Short Sale vs. Foreclosure”