Monica Blanchard's (moniblanchard) Blog

Mortgage and Lending - CMG Financial
 Have you had credit challenges in the past?  Are you trying to obtain FHA financing. FHA uses common sense underwriting.  They realize that bad things happen to good people.  As one of my previous managers put it:  Look at your loan like a court case.  Your loan officer is your attorney.  The un...
With the mortgage and real estate industry going through so many changes, buyers are confused about the programs available and what the criteria is.  I wanted to write this blog to give everyone who needs it, a little education about FHA mortgages. Many buyers know enough to get by about FHA mort...
This week brings us the release of a couple important pieces of economic data in addition to some moderately important reports. There are a total of four or five reports that are worth watching and are most likely to affect mortgage rates. Monday late morning:  The first is the Institute for Supp...
It does not cease to amaze me the number of people who are shopping for the best deal for a home or mortgage on the internet.  Our buyers have a wealth of information at their fingertips.  They seem to be more informed.   However, it does amaze me the number of buyers who honestly do not think th...
As a loan officer, I have been doing mortgages for 18+ years.  With the fall of Subprime loans, I have heard many loan officers refer to FHA as the "new subprime".  This disturbs me a bit.  FHA has always been around.  It is the ORIGINAL first time homebuyer program although you do not have to be...
Today's Rates:   30 day lock, FHA loan, 6.25% FHA loans have changed. Their guidelines are not as gruesome as you might think. Realtors and buyers if you are having trouble qualifying on a conventional loan. You might consider asking your loan officer if this loan can be done FHA. If they say "no...

Monica Blanchard

local_phone(832) 575-2213
Contact The Author