Karl's Mortgage News, Mortgage Tips, and other stuff.

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Karl Peidl, Karl's Mortgage Blog, Superior Mortgage, Loan Officer, Mortgage Consulant, Refinancing, Home Buying, First Time Home Buyers, Mortgage Progams, Hammonton, New Jersey Mortgages, Mortgage Advice, Mortgage Rates, Financing, Credit Tips, FICO, Credit Scores, Credit Advice, Tax Credit, Facebook, Twitter, Referral, Purchasing a Home, Mortgage News, Mortgage Help, Mortgage Blog, Equity, Loan Programs, Down Payment, Consultation, Homeowners, Homeownership, Guidelines, Underwriting, Interest Rates, Mortgage Questions, Loan Process, Lender, Mortgage Banker, Credit Report, Customer Satisfaction, LinkedIn, Loan Applications, Appraisals, Appraisers, Appraisal Reports, Mortgage Application

ARCHIVED BLOG POSTS

2008 

I just got off the phone with a customer that is about to get taken advantage of, but there is nothing I can do about it.  It all started with a voicemail I received.  The customer, who I have never previously spoken to, left a message requesting a Good Faith Estimate for a purchase.  He asked th...
08/29/2008
Private Mortgage Insurance (PMI) is required by most lenders when a borrower puts less than 20% down on a purchase loan. Paid for by the borrower, PMI not only protects the lender from foreclosure, it also enables many buyers to qualify for loans and purchase real estate when they couldn't have ...
08/29/2008
A Special FHA Announcement from FHA Expert Jeff Mifsud In response to the passing of HR 3221, this update announces FHA's new Mortgage Insurance Premiums for the period of October 1st, 2008 through September 30th, 2009. FHA's Risk Based Premiums that went into effect on July 14th, 2008 will be o...
08/28/2008
  Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things to consid...
08/28/2008
When a borrower enters into a contract to make bi-weekly payments on their mortgage, the amortization schedule is accelerated. For example, with a 30-year amortization schedule, the borrower makes 12 payments per year. In a bi-weekly arrangement, the borrower makes 26 'half' payments, which allo...
08/25/2008
This is great information on how we can work together to make every transaction very smooth.Don't forget if you subscribe to my blog this week you'll be entered to win a Starbucks card to be mailed out next week.  If you join our group "Got Money?" I'll enter your name TWICE, and if you post to t...
08/23/2008
These days, most of us work two jobs-the one that pays, and the one we love (at least most of the time): raising our kids. On the messageboards at iVillage.com, they have great tips on how to make it easier to do both at once. It's also a great place to share advice of your own, and to get suppor...
08/22/2008
Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to payback the loan you are requesting. My team and I have a streamlined loan process to help you get your ducks in a row prior to this review. A grand slam loan package ...
08/21/2008
Title: Warren Buffett, Pete Peterson & Dave Walker in Exclusive One Night Event Date: Thursday August 21, 2008 Description: Fathom and Roadside Attractions present I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker in an exclusive one night event in select movie theaters nationwide...
08/21/2008
I spent Monday evening at the apartment of a First Time Home Buyer going through her initial RESPA disclosures.  My client is young and nervous.  She read the paperwork more thoroughly than I have ever seen in my 5 years of originating mortgages.  She obviously understands the magnitude of the tr...
08/20/2008
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Karl Peidl

Accredited Loan Consultant
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