What's New in the Mortgage Market?

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Mortgage and Lending - Inlanta Mortgage - NMLS 182565, FL LO# 12
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RECENT BLOG POSTS
Part I: Working Smarter The relationship you develop with your customers, combined with the personal information you are constantly collecting, can be a goldmine for future business. The fact is most business professionals spend a significant amount of money marketing to people they don't know in...
08/28/2011
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Credit ScoringPart III: Dealing with Challenges Typically, a person with a low credit score is in this position because they lack structure in his or her life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals...
08/28/2011
USDA Loans Will Have Monthly Mortgage Insurance as of October 1, 2011. What Does This Mean To You? USDA Rural Development and its loan program were designed to help improve the economy and quality of life throughout rural America. The program continues to remain a wonderful option for qualifying ...
08/17/2011
Part II: The Five Factors of Credit Scoring There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score: Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, judgm...
08/08/2011
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Part I: Good Credit Translates into Lower Rates for the Consumer In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a "man of his word,...
08/07/2011
The Impact of a Government Shutdown on Mortgages In the wake of news stories that the US will face a government shutdown and default on its outstanding loans if a debt ceiling agreement isn't reached, you may be wondering what the impact would be to the mortgage industry and closings. The last ti...
07/18/2011
You've probably heard the saying, "When you fail to plan, you plan to fail." That is especially true when it comes to buying a home today. Underwriters are following strict guidelines–and that means even things like bank deposits and transfers are under scrutiny.Here's some insight on how underwr...
06/20/2011
Over the last few years, the government has funded mortgages as large as $729,750 in high-cost areas throughout the country. Those loan limits were temporarily increased because the economy was struggling and many lenders would have refused to make those loans without the government covering the ...
05/27/2011
I wanted to make sure you knew about a wonderful loan program that lets homebuyers finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. FHA's Streamlined 203(k) Loan Program helps homebuyers tap into cash to pay for property repairs or improvem...
05/11/2011
USDA Rural Development and its loan program have been improving the economy and quality of life throughout rural America for many years. The program has made the dream of homeownership possible for tens of thousands of people throughout the United States. Just some of the great features of USDA ...
05/09/2011
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Jim Marcinkowski

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