How To Get Home

The big sell-off today accomplished a very important thing today. It got investors to take a serious look at their positions and why they carry them. We may see further selling pressure tomorrow or the markets may find a bottom mid-day. Who knows for sure. Trying to call a bottom is pointless. You would be […]

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I will re-read this post twice before I publish it so I make sure I do not sound like a market cheerleader. Instead of saying the mortgage market is “fantastic”, let’s look at why it is so “great” right now.
The Fed worries that a strong economy can lead to inflation, which is enemy #1 […]

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On Saturday, there was a Housing Fair held at the new EOA building at 1120 May Street. There were enough doughnuts and coffee on hand to wake even the best of them. From 9am till noon, Quennie Parker (912) 238-2690 led short classes on how to become a homeowner. With a focus on education to […]

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Risk is the term used to describe the potential negative impact to something of value that might occur based on some future event. The 30 year fixed-rate mortgage has very little risk. You know with 100% certainty, that your principle and interest will remain constant for the next 360 months. Some borrowers who plan to […]

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Mortgage Fraud is real and rampant in the United States according to the FBI. The Federal Trade Commission estimates that mortgage fraud has cost businesses nearly $48 billion and consumers about $5 billion in the past 5 years. There are some cases that involve appraisers, lenders, attorneys, and real estate agents. While other scams can […]

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Yesterday, Federal Reserve Bank President Janet Yellen spoke to the Sillicon Valley Leadership Group and said the current slowdown in the U.S. housing sector has the potential to cause recession in the world’s largest economy.
“If there is one development to worry about the potential of recession it will be housing,” said Yellen.
She […]

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There are some interesting facts out today from Experian:
- 1 in 7 Americans carry 10 or more credit cards
- The average credit score nationally dropped to 674
- The average American holds four credit cards
Check out the National Score Index for some revealing data about our credit card nation.
Understanding how credit scores are calculated can help […]

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The day you close on your new home does not need to be full of chaos or surprises. You need to understand very early on in the home loan process how much money it is going to take from you to close the deal. The funds required to close is disclosed to the buyer from […]

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Sometimes it is nice to know that you are not the only one who is having financial hardship. Coming to grips with spending habits and debt levels is not easy for some to do. Not talking about it will not help the situation get better. Here are a few consumers who have taken their […]

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Existing homes sales in most states declined from year-ago levels in the 4th quarter of 2006. No newsflash there. Prices dipped slightly as more sellers were willing to negotiate on price. Again, everyone is clear on what has happened. What is less than clear is the outlook for 2007.
National Association of Realtors (NAR) Chief Economist […]

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