Provadus Home Loans

Anyone have potential loans with Taylor Bean & Whitaker?  I have four (4) loans that have been in underwriting for the past fourteen (14) days!  I know last week they were twelve (12) days behind in underwriting, but it is crazy.  Rumor on the street is that they can not fund any loans....wow.  G...

Hello everyone may God bless each everyone of you fellow Rainers.  Christmas should be a day for family, but any more it has became a day about how much money can be spent and how quick you can open one present to get to the next. I believe the meaning of Christmas has been lost through out the y...

With many lending sources going out of business everyday now, utilize a Mortgage Broker.  Ifone goes out of business, we have many other lending institutions to quickly work with.  As a mortgage broker, we work for our clients.  I am not saying bank loan officers do not, nevertheless, bank loan o...

  AT&T did it smart.  In the moments leading up to the launch of the iPhone, AT&T CEO Randall Stevenson told USA Today something that made me read twice: "[The iPhone launch] helps us complete our change from Cingular to AT&T and has created a halo effect for the re-branding." You'd think that mo...

Freddie Mac's Primary Mortgage Market Survey concluded that the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent with 0.4 point for the week. Both rate and points were unchanged from the previous week and the interest rate was 7 basis points below the average for the same week in 2006. The...

People commonly ask me about rates, I tell them, it all depends on the program you are talking about.  Then they say well, a regular 30 year fixed.  I then ask questions about the down payment, verified or stated, etc..  I get wow, you ask a lot of questions just for a rate quite.  Yes, but I wan...

Ever see those commercials or ads where you can buy a home with no money down?  Although there are new programs that allow buyers to purchase a home with little or no cash, you will generally need some funds for down payment, closing costs or both. Since a mortgage payment will take a good percen...

With the earnest money now an option as nonrefundable, a Loan Officer must Prequalify a potential client.  What is the basic difference between Prequalification & Preaproval?  Prequalification is the process where the lender will look at a basic copy of your credit report and use the information ...

Have you heard of the term Discount Points? Discount points are called so because they discount the interest rate. A typical trade-off is 1 discount point for each .25 percent reduction in interest rate. You could get a 7.00 percent rate with zero points or 6.75 percent if you paid one discount p...

What are the most common mistakes consumers make when getting a loan?    Not knowing which mortgage fees the borrower can and cannot negotiate.Using an interest-only or payment option adjustable rate loan to qualify for a more expensive house. Not comparing the final fees listed on the closing do...