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Mortgage and Lending - D A Griffin Financial.LLC - NMLS 6380
SHOP TILL YOU DROP FOR A HOME MORTGAGE LOAN     We're all are familiar with the term "shop till you drop". When you are looking for personal items that can be a fun adventure. When you are shopping for a  home mortgage loan, however, shop till you drop can be a bad idea. Everyone wants to do a th...
HARP REFINANCE IS STILL A GREAT OPTION FOR MANY! HARP ... HOME AFFORDABLE REFINANCE PROGRAM  is still a great option for many Kentucky home owners who have not refinanced yet. While many of us in the industry hear the constant drumming that refinances are WAY down from last year and will be WAY d...
USDA/RURAL HOUSING AREA EXTENSION WELCOME NEWS FOR  NORTHERN KY   In Northern Kentucky we have a few areas that are located in close proximity to major shopping malls in Northern Kentucky and downtown Cincinnati. A large portion of some areas such as Independence and Burlington were set to fall o...
WANT TO BE A HOME OWNER, THEN ACT LIKE ONE   If you want to be a home owner, then act like one... that can mean many things because being a home owner is multi faceted, it can be complicated for some, easier for others.   Because there are loan programs for very low credit scores, or for someone ...
MORE REGULATION MEANS HIGHER COSTS TO ALL CONSUMERS PART THREE In another installment of how more regulation means higher costs to ALL consumers, today I am focusing on LPMI or "lender paid mortgage insurance". A by product of the qualified mortgage, LPMI is mortgage insurance that is priced into...
SHOULD A PLUMBER CHARGE EVERYONE THE SAME?   I recently had a couple of small plumbing problems so I decided to call a well known plumber in the area. I called them because they do have a good reputation. I was not disappointed in the service from their employee of 20 years. After all the problem...
MORE REGULATION MEANS HIGHER COSTS TO ALL CONSUMERS PART TWO Thinking about the ways regulations have caused costs to escalate over the last few years for a home buyer I saw a blog about AMC's (appraisal management companies) stating what is obvious to most in the lending business. That appraisal...
MORE REGULATION MEANS HIGHER COSTS TO ALL CONSUMERS PART ONE Effective this month is the Qualified Mortgage rule. One part of this rule is that certain costs cannot exceed 3% of the loan amount. CFPB determined 3% was the magic number to be sure consumers were not being taken advantage of. Unfort...
  IS 43% DTI THE MAXIMUM FOR A QUALIFED MORTGAGE   We see continued changes in the mortgage lending world and with welcoming a new year in January 2014 we welcome the qualified/non qualified mortgage issue. There has been much written and much hand wringing over what constitutes a qualified mortg...
WHAT IS A MORTGAGE BROKER? What is a mortgage broker and how can I know I want to work with one? If you are in the market for home financing, you may want to explore this.  A mortgage broker is a company not affiliated with one particular lender or bank.   A mortgage broker can have several lende...

Dora Griffin

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