My Home Loan With Jay

Before I begin with the content of this post let me express my gratitude for those that serve in the reserves. Many have been or are to be called to active duty. Thank you for your service to our country.  Reserves as it pertains to a mortgage loan is quite simply how much money do you have left ...

Every industry has its own lingo and anachronism. None more than the government, but that is a discussion for another day. Let's discuss one for the mortgage industry. PITI: Principal, Interest, Taxes and Insurance. Wouldn't payment be simpler? But you would be surprised how many, especially firs...

I recently wrote a post on Fannie Mae's buy and bail policy, so I thought it appropriate to address FHA's guidance on the issue. This guidance is designed to assure the homebuyer can make payments on the full debt service (PITI) for both mortgages when vacating a property and purchasing a new one...

When I first heard of the buy and bail concept, a few weeks (or was it months, time flies when your having fun) ago, I must confess the first thought that flashed through my mind was "who would do that"?  That initial thought lasted about three seconds before I transitioned to, "Oh yeah, I can se...

The line from a song, by whom I can't remember, has been running through my head lately. Why, I do not know. Except one of the issues I'm experiencing are prospective buyers, here in Greenville NC, ARE NOT TALKING.  This has been a year of massive change for the mortgage industry. I get a report ...

The line from a song, by whom I can't remember, has been running through my head lately. Why, I do not know. Except one of the issues I'm experiencing are prospective buyers, here in Greenville NC, ARE NOT TALKING.  This has been a year of massive change for the mortgage industry. I get a report ...

Last night on my trip from Greenville, NC to Fayetteville, NC I saw the following prices of gasoline: In Greenville $1.79, I-95 $1.93 and in Fayetteville $1.65.  Great news to be sure, but we can not be lulled to sleep. OPEC and the oil speculators will eventually raise prices again.  For those i...

I recently attended a business planning training. As most do, the initial section dealt with mission statements. I have crafted mission statements in the past and maybe like many of you that was about the last time I looked at the mission statement.  I light of the current state of the housing/mo...

I lost a mortgage loan application last week. This was for a prospect outside the Greenville, NC and Pitt County area. As you may imagine opportunities are precious these days for home loans.  In this situation I am amazed how a customer will make a decision based on a salesperson offering someth...

I urge you to click on the link below and sign this petition. As many of you may be aware the new Capital Visitor Center is omitting refernces to God and His importance in the founding of this country. Post this on you facebook, blogs and email the link to your address book. We the undersigned pe...