ARCHIVED BLOG POSTS
2013
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Borrowers Question: Once I finish the three bathrooms under repairs will I be able to cancel mortgage insurance? This could be a MAJOR issue on FHA as it is currently five years minimum but soon to be the life of the loan- pretty sad! But in our case it was a conventional loan on a 2nd home at 9...
03/27/2013
I never thought I would hear those two words again- "NO DOC". Back in the day, Wall Street was starving to create as many loans as possible and sell these off to hungry investors trying to chase the income producing promises that were given to them all. I knew the end was coming when Indy Mac ban...
03/27/2013
SW Washington Community Outreach Program: Workshop: Distressed Property 101- Buyers, Sellers, and Investors. Home Owner Advocate- Education is the key to a fresh start. Every Thursday starting April 4th, 2013 from 7:00 PM-8:30 PM (Location will be sent in email- Must RSVP- No Realtors Please- wo...
03/26/2013
We are heading the right direction.... Now before FHA makes more changes and rates increase- give me a call to get approved today.
03/26/2013
Wanna know how rates have been latelty? By the end of the day there was little change in the bond and mortgage markets; the stock indexes gained and the DJIA made another new high but the S&P still cannot get through 1565. Feb durable goods orders were better than thought, up 5.7%, however when t...
03/26/2013
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The big question I am hearing from local buiilders is "Where's the Dirt?" With the constant increase in values on new construction in Clark County taking off like a wild fire it is making, not just Jack Sparrow ask the question, but most land developers and builders! I have been researching...
03/21/2013
I am in the middle of financing a homebuyer purchasing a new construction home in Vancouver, WA. It was ironic that this specific buyer submitted two other full offer contracts on properties under $300,000 in Vancouver and lost both to higher bids. Our market is on fire! So with the increasing nu...
03/11/2013
Rainer
44,404
44,404
Bill Black
VP Mortgage Lending