Beginning 01-01-2010 HUD requires lenders and mortgage brokers to give a borrower a standard Good Faith Estimate. From 1974, few changes have been made on the process borrowers use to buy & refinance homes. HUD’s reform will improve disclosure of the key loan terms and closing costs consumers pay when they buy or refinance theirRead More
In this age of instant information – instant gratification – data overload – we at times forget the humanity behind the written word. So I would like to say a simple THANK YOU for following my Blogs. It’s nice to know what interests me also interests some of you. I enjoy connecting with great folksRead More
An article from the NY Times was emailed to me from a friend entitled “Fair Game – The Mortgage Machine Backfires” talking about a court decision in Kansas. Knowing my background in Mortgage banking, he thought I would find the article interesting. He was right – now the question I pose – how many ofRead More
Remember the days when getting a mortgage was fairly cut and dry – 28 to 40% of your monthly income for housing and 36 to 50% for housing and debts. You had to pay your bills on time without late payments and the property needed to appraise for at least the purchase price. Today, whatRead More
As this is the time of year many young people get ready to head off to college I am reminded about the plethora of credit card offers thrown at our students without the parent’s knowledge. A notice in the school mail box, a free drink, a cool article of clothing, free tickets to a muchRead More
Anyone with more than 10 years experience in buying & selling homes realizes the SO CALLED tightening down of the underwriting guidelines followed by conventional lenders is getting back to basics. Up until the last few years, borrowers had to have a 2 year work history MAKING money no matter their credit score. I foundRead More
© 2012 Connestee Falls Realty | Log inAll Rights Reserved Graphics and content are exclusive to Connestee Falls Realty Company.
Reproduction is strictly prohibited under penalty of law.
5500 Greenville Hwy. Brevard, NC 28712 - Office: 828-885-2015 - Fax: 828-885-2610 - Toll Free: 800-450-2015
Working With Real Estate Agents | Web Strategy & Development by Redpoint Logic
