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Mortgage and Lending - iLoan - NMLS ID#4474 - NMLS 79048
A place that borrowers can come to learn more than the basics of mortgage lending. It's also a place where industry professionals can come to find content for their clients.
RECENT BLOG POSTS
The market is at a turning point for the worse due to growing worries about inflation. While it is not a problem right now (although the consumer price index did just rise the most in 10 months), there are several strong economic factors emerging that typically lead to higher prices to the consum...
03/16/2012
To much fanfare, FHA announced measures to better protect their insurance fund in a recent Final Ruling published in the Federal Register.  Slipped in as a footnote to this announcement was a declaration that FHA is deaf to the concerns of the real estate industry.  They are taking aim to again a...
01/22/2012
Understanding the mortgage process is a constant frustration for consumers. One can search the web and find all kinds of long articles breaking the mortgage loan process into anywhere between 6 and 9 individual steps. Upon reading these, a consumer gets even more confused since each individual st...
01/08/2012
While 70 percent* of Americans see homeownership as part of achieving the American dream, the homeownership rate has taken a 10 year decline** that hasn’t been seen since the Great Depression.  While some steps have been taken to assist underwater homeowners to refinance, ***  A fast transition b...
10/26/2011
The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac, has announced a series of changes to the Home Affordable Refinance Program (HARP). This program was designed to be able to help people who were in a position of negative equity. Now, it someone is upside down on their home, ther...
10/24/2011
A prospective home buyer or investor might have a clear idea of what he or she wants in the property they'll buy but the current market brings complexities that make setting up search criteria for this purchase a little more complicated. The difference between bank-owned, short sales and person-t...
10/22/2011
I have a lot of people call me to get pre-qualified to purchase a home using FHA financing after a short sale.  Early on, not a lot of these scenarios panned out but these days, more and more of them do.  When they don’t, the number one reason is because they took bad advice from a party to their...
10/07/2011
If you’re a dog lover like I am, you don’t consider a move without contemplating neighborhood amenities for your dog. In my considerations for a move recently, I had a bit of a time trying to locate most of the off-leash dog parks in the twin cities metro area.  After collecting some information ...
09/09/2011
The FHA Short Refinance Program has always existed in an unofficial form but became a formal program on December 16, 2009 with Mortgagee Letter 09-52.  It was “refined” on August 6th of 2010 with Mortgagee Letter 2010-23.  It was designed to provide more mortgage options to those that owe more th...
08/29/2011
Jane Grant, broker of record for Southwest Real Estate serving Riverside and San Diego County does a fantastic job illustrating the pitfalls of incorporating price per square foot as a search criteria when buying a home.Buyers who get overly concerned with price per square foot can become very co...
08/26/2011
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Charles Dailey

local_phone(612) 234-7283
smartphone(651) 428-6968
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A place that borrowers can come to learn more than the basics of mortgage lending. It's also a place where industry professionals can come to find content for their clients.