That has been all the talk the past couple of weeks – dealing with the debt ceiling. And now the deal is done. And the government successfully kicked this can down the road another piece. Yet, the ratings agencies are still rattling their swords with the threat of downgrading US Treasuries (debt) from AAA to… Continue Reading
If you have a large loan on your home; or you are thinking of buying a large home the will require a Georgia jumbo mortgage, then you will enjoy this web event that John Adams and I did recently, which we entitled: Creative Uses for Large Loans JUMBO MONEY: Creative Uses for Large Loans from… Continue Reading
The Greek situation is getting worse, and that is almost guaranteed to spread to the rest of Europe. So, Europe’s borrowing capacity will be hampered, at best, and at least for now investors worldwide are putting their money in US Treasuries, including Mortgage Backed Securities (MBS). And, that drives down the borrowing rates for Atlanta… Continue Reading
We all know that we are coming out of a tough economic environment. And tough economic environments cause tough credit situations for a lot of folks. So it may be no surprise that I get asked frequently about when or even if a person can qualify for a home loan after a derogatory credit event…. Continue Reading
This does not have a direct relation to the mortgage industry, or to what I do every day. In a round-about way it does; when I perform and help people close on a home loan that is right for them, and we close on time with no surprises and they are able to, stress-free, move… Continue Reading
Reading an article this morning published on the MSNBC site, it made reference to the fact that over 25% of all homes sold in Georgia during the first quarter of 2011 were foreclosures, or REO properties. Like most news articles, the tone of the article seemed to be a little ‘shocked’ that it could be… Continue Reading
I recently saw an article posted on Facebook. Our own Atlanta icon, Clark Howard, wrote about how anyone can become a millionaire at any age. I thought it interesting, as it spurred a long-held belief that I have had in the business of suggesting and writing mortgages. Here is an excerpt of Clark’s article: “[...]here’s… Continue Reading
**Update: The Replay of this online workshop will be posted on the site within a few days** Please sign up below and join John Adams and I for a webinar, or online workshop, this Thursday at 8pm. We will be speaking about several of the niche loans that are available in the marketplace that… Continue Reading
Atlanta median home prices at the end of 2010 stood at $114,800. Yet I speak with Atlanta area first time home buyers and Georgia real estate investors all the time who are just dipping their toe in the market. They are not committing to buy, because they fear home values will fall even further. They… Continue Reading
I sent a note to a colleague today about a loan that, in this case, I could not do. But, I knew that he had a niche program and could do this loan. After speaking with the borrower and explaining the situation, she agreed that I could transfer the loan application to my colleague’s company…. Continue Reading