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ARCHIVED BLOG POSTS

2009 

While it might be tempting to borrow whatever amount of money your lender is willing to give you, it's important to think carefully about how much you'll actually need to borrow in order to purchase a new home. From the down payment to taxes to insurance and interest rates, there are many factor...
01/22/2009
I came into the office this morning to find the latest email notifying me of guideline changes.  In the current mortgage environment, this is a daily occurrence.  Often, we are notified ahead of time regarding changes and loans in progress get grandfathered into the previous guidelines.  Other ti...
01/21/2009
I have always considered myself to be very patriotic.  I believe that the United States of America is the greatest country in the world and there is no place I'd rather call home.  Today is an example of why I believe this to be true.  To witness a peaceful transfer of power is something most cou...
01/20/2009
  Since its inception, the Internet has caused a fair share of controversy. Some people see it as a valuable tool while others consider it the devil's playground. Wherever you stand, one thing is certain - it has changed our idea of commerce forever.eBay® is a perfect example. On this website, t...
01/19/2009
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...
01/16/2009
  Did you know that the major credit bureaus sell your personal information? It's true! Known as "trigger leads", the files of borrowers applying for a home loan are immediately flagged, packaged, and sold by the credit bureaus to the highest bidders. For about $25 to $100 or more, your name and...
01/15/2009
Did you know that replacing an employee could cost you up to three times that employee's annual salary? That's according to isquare.com. Recent studies cite productivity, recruitment, and training costs associated with hiring new employees as major contributors to this surprisingly expensive sta...
01/12/2009
Freddie Mac and Fannie Mae will implement a revised Home Valuation Code of Conduct beginning May 1, 2009. In an attempt to increase the reliability of appraisals, the revised code builds on existing seller-servicer guidelines and will apply to lenders that sell single-family mortgage loans to Fa...
01/07/2009
  It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned ...
01/07/2009
Yesterday I received two very different and very memorable phone calls.  The first was extremely exciting.  I won't get into that call here since I wrote about that in yesterday's blog.  The second call was scary. I was on my office phone with a client when my cell phone rang at 6:17pm.  The call...
01/07/2009
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Karl Peidl

Accredited Loan Consultant
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