Mike Taylor's (cobbgarealty) Blog

Hello Buyers, I have added a new page to my website to give you local weekly interest rate updates.  Only one lender there but more very soon.  Keep checking back. I am looking into free online workshops for you too.  I am evaluating them now - it they look good I will make them available soon.  ...

My lenders are telling me that mortgage rates may be about to inch up and that if you are close to closing it may be a good time to lock your rates. Call your loan officer and see what they have to say.  This is just an FYI and a heads up! If you need a great loan officer let me know and give yo...

Buying a HUD REO Home for $100 Down! Yes it can be done - you can buy a HUD REO Home for only $100 Down: •·        $100 Down payments on HUD REO Homes financed with FHA insured financing  •·        You have to be an owner occupant - no investors!  •·        Must be a full price or higher offer  •...

Wondering what market conditions are like in Cobb county Georgia?  Let's look at the numbers ending 10/31/2010: The stats are saying that pre-foreclosures are up slightly in October, actual foreclosures are down (remember that banks are holding back on foreclosures), market sales are down signifi...

This is the first of many blogs posts I will share with you on HUD homes for sale (aka HUD REOs) and FHA loans.  Stay tuned for more info..... What is a HUD Home for Sale or HUD REO?  It is a residential property that had its mortgage insured by the FHA (Federal Housing Administration).  The pro...

Geaorgia Dream Rates changed effective 5:00 PM October 21st 2010 - here is a cut and paste from the flyer they sent me: Georgia Dream First Mortgage & Georgia Dream First Mortgage combined with a Georgia Dream Standard, PEN or CHOICE Down Payment Assistance Loan  620 minimum credit score - 1.5% L...

MIP is the Mortgage Insurance Premium (similar to PMI on conventional mortgages with a loan-to-value over 80%).  For FHA loans the MIP will be paid regardless of loan-to-value. As of October 4th 2010 all new FHA loans will have lower upfront and a higher annual MIP charge.  The upfront MIP will b...