Eric 's Blog-Your Neighborhood Lender

Mortgage and Lending
It's a winter world the first of March in Alabama.    
This is yet another quick recipe to use this holiday season. My mother picked this up working for a neighbor many years ago. 1 loaf french bread 1 cup mayonnaise 1 cup sour cream (can be light) 1 small onion chopped or either 1/2 bottle of chopped dried onion 1 tsp garlic powder 1 tsp parsley 1 l...
An odd combination but well worth the wait. Green Beans rolled up in seared bacon-yum. This has been a hit and can be quite versatile during the holidays or company gatherings. GREEN BEAN ROLL-UPS 1 Can Green Beans 1 16 oz package bacon 1 small bottle french dressing Open green beans and drain. N...
While driving in this morning I saw  "A Parents Life Is a Child's Guidebook" on the billboard for a local church. With the holiday season upon us I thought what a timely topic. Personally, while growing up I never gave much thought to what my mother sacrificed for us.  She basically stayed at ho...
 Look in the mirror!  Now, What do you see?            Whether you want to admit it or not you can even see it in your child's face!  2008 can and most definitely will be one for the record books. We have had Gas prices at all time highs Layoffs Bank failures Stock Market rollercoaster rides Auto...
We all run into them---the dreaded unique property. This is One that Only One in a Million Loves and Will Ever Buy. I basically ask some brief questions upon getting started with potential clients and figure out what may work best for them in their situation.  Signs that realtors and loan officer...
Today's potential new home owner's often have obstacles to financing "homes in need of repair". As guidelines have tightened underwriters review everything. An option for foreclosed homes and for people looking to refinance is the FHA Limited Repair Streamline 203K Program. This program allows fo...
Points or "buying down" the rate is becoming more typical than before. Guidelines have constricted and the cost of borrowing money for even the best of customer's has increased. Typically, one point is equivalent to 1% of the loan amount. Lets exemplify this and we will assume that a borrower is ...
This week we are ending and about to begin a new era as a new president will be elected Tuesday, November 4, 2008. As talk continues about how bad the economy is one thing remains--people need money! In 1976, the year of the Bicentennial Celebration, mortgage rates averaged a whopping 8.87% for t...
Thursday, October 23, 2008 Attractions in Central Alabama   Image by Southernpixel via Flickr Things to do in Central Alabama The central Alabama area is filled with many trees, roads, and windows of opportunity for visitors and residents alike. As I live in the Birmingham metro area I am writing...

Eric McGowan

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