Candace's Blog

‘How to Appeal Your Property Assessment' Tips: Be Prepared! Your Assessor is aware of most properties in their district. They are aware of property condition, outstanding permits and past/future work. Your best defense is a recent appraisal/CMA - within 3 - 6 months at most. Appraisal MUST be rea...

Greetings, I hope you are well and hanging in there in this ever-changing world of ours right now!  First off - quick answer for y'all - YES, I am still in business and we are still lending money!   Naturally, I have to follow that up with ‘yes' it is more ‘challenging' to get the money. Since th...

HUGE news for the mortgage industry. Since D-Day last August programs have been taken away daily & new restrictions are constantly being placed on what we do have. One big restriction was placed by Fannie Mae stating in automated underwriting findings 'home may be located in a declining market & ...

Good Morning!  I have had a few issues come up lately with clients that have involved either identity theft, in smaller ways - such as folks taking out cell phone accounts in their names to bigger ways such as Capital One doing a 'soft-pull' on a client 54 times in 2 years all for 'pre-approval' ...

Well, the last 100% mortgage option has pretty much been taken away from us, and most others, in the country - as of March 31st.  The Flex 100 has been discontinued.There are a couple of government programs that still allow 100% however.  The Guaranteed Rural Housing Loan is for any area outside ...

The mortgage market has not gotten any easier in the recent weeks....programs still being taken away from us and credit score enforcements are becoming even stricter.The State of Michigan has been declared, by almost all investors, a declining value state, hence, no investor will loan their maxim...

So, the Fed has 'cut the rates' - twice no less - what exactly does that mean to those of us who have/want mortgages?   The Fed cuts the rates that allow banks to borrow from each other and also to borrow from the Federal Reserve.  Unless you have a Home Equity Line of Credit - the 'Fed Rates' do...

The Federal Reserve held a special meeting last night which resulted in a .75% rate cut to the Fed Funds Rate to 3.5%. This is the first intermeeting action since September, 2001 and the deepest one day Fed Cut since 1984! A brief statement issued by the Fed this morning said: 'The Committee took...

Most of us in the industry have been counseled that when multiple lenders, car dealers, etc. pull a clients credit report within a certain time frame that the ‘inquiry' only counts as ONE.Recent information from the credit bureaus has enlightened us that this, in fact, is NOT the case.There are s...

WHAT'S ON YOUR CREDIT REPORT??How to pull your ‘FREE' annual credit reports:Go to http://www.annualcreditreport.com/Click on the drop down menu for which State you are in.Hit the 'GO' button and start filling out info. The http://www.annualcreditreport.com/ site will always be your base site.Ther...