Mike's Blog

Financing the purchase of a home is getting more difficult these days, especially for those consumers who may have recent or past credit delinquencies in their credit file.  Credit score requirements by most mortgage lenders are changing on a weekly basis, requiring no less than a 580 middle sco...

                            Most of the properties for sale as Short Sales as well as properties currently in foreclosure are unnecessary, so property owners should strongly consider all of their options before taking the steps towards certain financial ruin and seriously derogatory credit. The u...

  The loan approval that you receive today could fail to close due to the lack of follow through required by consumers and their loan officers as stipulated directly within the loan approval itself. A loan approval contains several stipulations by a mortgage underwriter that requires the verifica...

     Question: What do you get when you combine a dishonest mortgage broker, dishonest title agent, and a dishonest real estate appraiser?  Answer: heavy fines as well as a lengthy prison sentence! Law enforcement officials and government regulators are cracking down hard on people involved in al...

Homebuyers turned away due to lack of credit or credit scores do have a rather unconventional way to be approved without traditional credit or even a credit score. Nontraditional credit is a widely used form of credit verification used by certain mortgage lenders for loan applicants who prefer n...

   Financing the purchase of a home is getting more difficult these days, especially for those consumers who may have recent or past credit delinquencies in their credit file.  Credit score requirements by most mortgage lenders are changing on a weekly basis, requiring no less than a 580 middle ...

    Just when you thought the housing and mortgage crisis was limited to only homeowners, a new victim has been brought into the fray, one who doesn't own a home or have a mortgage. Who are these new, unsuspecting victims? The people who are actually renting homes! Thousands of homeowners (namely...

Many of today's Florida licensed mortgage brokers and Loan Originators lack the necessary skills to truly assist consumers in securing the best financing arrangements possible, due in large part to the fact they are poorly trained, lack the most basic skills necessary to truly understand all fac...

    Getting a mortgage loan approval is about to get a lot tougher beginning in June, as both Fannie Mae and Freddie Mac have opted to toughen underwriting guidelines for conventional mortgage loans as a direct result of the current housing and mortgage crisis. Effective June 2, 2008, revised mor...

  How far will you go to get the dream home you have always wanted, or the lowest interest mortgage available?  Are you willing to claim assets you do not have, or income that you truly cannot prove to be true? If you attempt this when applying for a mortgage loan at a bank or mortgage lender, y...