Justin's Blog The Mortgage Mechanic

Mortgage and Lending - Model Citizens "NO POINT LOANS"
We promise to beat any legit GFE you send us.  Our intentions are to prove to our clients that we not only appreciate their business but promise the lowest fees and fastest turntimes in the country.  If you have a borrower worried about not getting the best deal.  Have them fax their current scen...
REUTERS  US TREASURY OUTLOOK-Bonds may ease again on bailout hopes [JCBLTRV]       By Chris Reese     NEW YORK, Sept 30 (Reuters) - U.S. Treasury debt prices could ease again on Wednesday with investors continuing to unwind recent safe-haven trades amid expectations Congress will pass a $700 bill...
REUTERS  Fed funds down to 0.5 percent in late trade [JBHKPZN]       NEW YORK, Sept 15 (Reuters) - Federal funds traded in the U.S. interbank lending market slipped to about 0.5 percent late  on Monday in the aftermath of two Federal Reserve temporary additions to the banking system that totaled ...
Mortgage rates are very near the year's lows, and the pace of mortgage origination is triple what it was two weeks ago.  Blame it on the spread between mortgage and Treasury yields; the spread dropped by 0.38% last Monday.  The drop made perfect sense, since the risk of default on Fannie/Freddie ...
HOW CREDITSCORES AFFECTYOURMORTGAGEMost of the anxiety in a mortgage transaction is caused by the loan application process. Most people today can't afford to pay cash for their homes so the loan process is one we can't avoid.The two major unknowns of the loan process are whether you will get appr...
Lenders mortgage insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender that may be required when taking out a mortgage loan. It is an insurance in the case that the mortgagor is not able to repay the loan, and the lender is not able to recover...
This is one of the hottest products on the market with the savvy investors:The "Option ARM" is a product that gives you choices as to what payment you want to make.This product goes by a number of different names:Option ARMPayOption ARMPick-a-Pay LoanCash-flow ARMMillionaires MortgageUsually, the...
A lot of my clients this year had some questions about the title insurance fee most title companies charge on home purchases and refinances. This blog should stop the confusion. It may not be what you want to hear but it will definitely clarify everything for you once and for all.What is Title In...

Justin Hartman

local_phone(410) 296-5001
smartphone(804) 432-3708
Contact The Author