While there is a lot of publicity about the current historic mortgage rates, it is not as easy to shop for the best product as comparing rates. The Georgia and Florida loan markets are commonly quoted with 1 origination point. This is not always the case, but it is customary for the majority of mortgage [...]
We have some great programs again! Whether you are looking for inner city Atlanta purchase or refinance loans, the Anderson Lending Group team is here to help. With the current low rates, the mortgage market is slowly picking itself back up. Feel free to call or email us to discuss your specific scenarios – from [...]
The subprime mortgage meltdown had a chaotic effect on the US economy and world financial markets in 2008. After the subprime banks closed en masse, the Alt-A lenders were shut down, eliminating all aggressive financing options in the US mortgage market. This has led to a major credit crunch and has had a disastrous effect [...]
Many people ask us regularly about their ability to obtain mortgage loans on their homes here in Peachtree City in the current recession. We should consider ourselves to be quite fortunate, as the values here have only dropped a small amount. That being said — mortgage financing in Peachtree in today’s market is all about [...]
Virtually every day I get calls from customers wanting to buy 10+ properties from a bank or institutional seller. With the lack of credit and capital available, I find this amazing!
The reality is that the deals available today will make people rich – extremely rich. Properties are selling for 25-40% on the dollar……unprecedented discounting.
If you [...]
The 30-year fixed rate today was again at 4.625%. This assumes you are a well qualified borrower – credit score of 720+ and a LTV (loan-to-value) of 80% or less.
Here are some details of the very recently announced program by Fannie Mae. This won’t help everyone, but it will free up room in many homeowners monthly budget.
Can closing costs be rolled into the new loan? – Yes, as long as the new first mortgage loan will not exceed 105% of the appraised value.
What about [...]
It’s been over a year since the subprime and Alt-A meltdown that forever changed the mortgage industry. The interesting thing is that we still get calls on a weekly basis asking for “stated loans”, or no documentation loans. The conversation typically goes like this….
Caller: Hi…My name is XXXX and I’m looking for loan to buy [...]
The media is full of information about how great the loan rates are and how bad the housing market is. What is not covered as often is the more strenous qualification process that Fannie/Freddie have imposed. Whereas before it was quite easy to be approved for your new loan wtih credit scores down to the [...]
The below is courtesy of Neighborhoodlink.com and is a very simple and concise explanation of President Obama’s new mortgage “bail-out” plan for homeowners. While I have mixed feelings about the program, I do believe it will help tens of thousands of homeowners. My biggest worry…at what cost….
http://www.neighborhoodlink.com/article/Homeowner/Mortgage_Rescue_Plan_FAQ
President Obama recently announced a $75 billion initiative called [...]
Search
News from the blog
- USDA Loan Update – Important Please Read
- HUD Removes FHA Mortgage Origination Fee Cap
- Improving your credit score
- USDA Loans – Min Credit Score
- Loan Modifications
- Jumbo and Super Jumbo 5-year ARMS – HOT
- Georgia Senate Bill 57 Defeated!
- Super Jumbo Loans and Mortgage Rates
- Getting a Loan After a Foreclosure – An all too Real Reality for Many Borrowers
- Investor Loan Rates
Mortgage Calculator
 | ||
 | ||
 | ||
