Steve's Blog

Mortgage and Lending - Right Start Mortgage (NMLS #35960) - NMLS #19622
reverse mortgages, NY mortgages,FHA loans, VA loans, great rates, poor credit, debt consolidation, pawling ny mortgage, mortgage broker
As most of us know, the sub-prime mortgage market is in a shambles. Many sub-prime customers who are looking to refinance out of high interest rate 2/28 adjustable mortgages can't even qualify for another sub-prime loan today. And, I've found in many cases their credit hasn't improved dramaticall...
I'm working on a situation currently which made me think of one of the benefits that customers have working with mortgage broker rather than a direct lender/bank. My customers signed the purchase contract, put down 5% (which is the max they can put down), sent me their income docs, and I ordered ...
Recently I've had a few customers who had poor credit scores (in the 500s) and were having difficulty obtaining financing from other lenders. Many mortgage brokers or loan officers (usually new to the business with little or no training) make the assumption that these borrowers are automatically ...
Prior to all of the issues surrounding the sub-prime mortgage sector, which has caused most if not all lenders to tighten their underwriting guidelines, a mortgage broker could issue a pre-approval letter based on the fact that they would definitely be able to place the loan somewhere. An applcat...

Steve Hawk

Licensed In AZ, CA, OR & WA
local_phone(914) 696-3400
smartphone(845) 612-9620
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My blogs will contain mortgage-related information, based on my experience, that will hopefully be helpful to anyone looking to purchase a new home or refinance their existing mortgage.