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 [...]
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 [...]
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.
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 [...]
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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
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