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Mortgage Pro Week in Review -- 09/13/10 through 09/19/10 -- Good Mortgage info is important

Each week a "Mortgage Week in Review" post is put together to share some great posts about Mortgage Programs that perhaps you have missed.

This week, Jeff shares 12 posts that are worth reading. Be on the lookout for the next Week In Review which will be written by Larry Bettag.

 

The MORTGAGE PRO Week in Review is back. This weekly review has been away the last 18 months due to the lack of volunteers, in helping to get mortgage related information out to the public and to help keep realtors up to date on the ever changing topics of mortgages. This review will appear every Sunday eevning, once a week. There will be a post in a few days about this group and how you can volunteer.

 

Onto Mortgages and Real Estate.  Below is some very good mortgage posts that tell you what you need to apply for a mortgage, specific programs, and what you need to know about mortgages in general.  Please take the time to read these posts, it could be worth your wild and could save you thousands of dollars as a borrower.

 

 

 

Tom Burris

10 Reasons to Buy a Home TODAY, NOT NEXT MONTH, NOT NEXT YEAR BUT RIGHT NOW!  by : Tom Burris

In my opinion, this post is not a scare tactic, just the basic facts to as why buying now could very well be better than buying later. Let's not forget, that is if you are in the position to buy now.

 

 

Paul Silver

Houshold Budgets For Home Buyers #1  by : Paul Silver

Before you buy a home, you should have some sort of budget. Realtor, Paul Silver, writes a very good 3 part series on this.

 

 

 

 

 

Gene Mundt

Be Prepared for Mortgage Application .. Start Gathering These Documents NOW  by : Gene Mundt 

This shouldn't be a hard topic to figure out. Just be like the Boy Scouts, "Be Prepared". It never hurts to be prepared with all of your mortgage documents before speaking to a loan officer.  Gene does a good job of breaking it down for you.

 

 

RJ Baxter

Save Big by Choosing the Best Rate Lock  by : RJ Baxter

R.J. brings up a good point that many loan officers don't talk about, especially when the consumer is shopping around. Loan officers fail to talk about how to lock in your rate or what the differences are in the lock periods, yet they offer these so-called great interest rates.  Just very simple information to understand.

 

 

Larry Bettag

The 4 Things you Need to Get Approved for a Mortgage!!!!  by : Larry Bettag

What a better follow up to Gene's post, is Larry explaining on what 4 items gets your loan approved from a lenders perspective.

 

 

 

Drew Sygit

The Truth about Loan Modifications - Are you sure you want to look behind the curtain?  by : Drew Sygit

This is an excellent post that goes into details that many didn't know about. I personally know that Drew did some research on this, bringing you the real facts and not what is perceived out there.

 

 

John Neil

Fannie Mae Home Path Financing  by : John Neil

This is a good program for some. John explains what you get with this type of program. The biggest selling point is that you don't have monthly mortgage insurance. This program is used for those properties owned by Fannie Mae. But please read below what Gary Miljour has to share, comparing this program with FHA loans. You do need to understand your options carefully and not just because this loan has no mortgage insurance.

 

 

Gary Miljour

FHA vs. Fannie Mae Home Path Revisted  by : Gary Miljour

Gary gives you a quick simple breakdown between FHA loans and the Fannie Mae Home Path loan. In his opinion, FHA loans are still the clear winner.

 

 

 

Jeff Belonger

FHA Loans with a simplified explanation of FHA credit standards  by : Jeff Belonger

FHA has some new changes pertaining to credit scores and down payment. And did you know that FHA is changing the monthly mortgage insurance that goes into effect on October 4th, 2010? Changes in FHA mortgages for the monthly mortgage insurance & UFMIP

 

 

Nevin Williams

Sir, I think your calculator is broken!  by Nevin Williams

A very simple and easy to understand post. Just be careful when using online mortgage calculators. There are a few factors that you as a consumer aren't aware of.

 

 

 

 

Brent Kluge

203K: Why is it so difficult to find a contractor to do this 203k? Answers within...  by : Brent Kludge

You first learn what a 203-k loan is and there is a group below that has some posts about this loan program. Brent goes into more specifics about the 203-k contractor, what to do and not to do.

 

 

John Zolsky

Dressing Up Your Blog.... Nirvana Recipe  by : John Zolsky

My bonus post - Non mortgage related, but realtor John Zolsky shares some very interesting tips about how to write within your blog posts, such things as fonts and colors.

 

 

 

 

 

The next  3 members for the Mortgage Pro Week in Review

1.       Larry Bettag         09/20/2010    through    09/26/2010

2.       Loan Officer A     09/27/2010    through    10/03/2010

3.       Gerry Suarez       10/04/2010    through    10/10/2010

 

 

 

If you are writing mortgage posts or mortgage related posts, you should try placing them in the groups below. Not only is this good for the consumer or Realtor, but it helps those that are searching for top mortgage posts for the weekly review.

All About Mortgages/Mortgage Networking   Here is a group that many loan officers post their mortgage related blogs in.  A good place to learn more about the type of programs, new industry news, and sometimes some inside tips. Don't hesitate to join.

The FHA Mortgage Group - Here is a group that specifically talks about FHA, FHA updates, and what FHA can do for your buyers and sellers.

Mortgages - Another group with anything and everything about mortgages. A diversified group.

FHA 203-k and 203-k streamline group - Special type of mortgage that allows you to roll in the costs of repairing you home, new or old.

USDA Rural Development Loan Group - All mortgage information pertaining to USDA loans, Rural Development Loans.

VA Loan Group -  All mortgage information pertaining to VA loans.

Realtors Needing the services of the Lending Powers- A place where realtors can updates on mortgages in general.

Realtors® -For Real Estate Professionals to discuss marketing strategies, overcoming obstacles, successful sales techniques.  And a place to add mortgage related topics helping the consumer and realtor. 

 

 

We really could use some new volunteers for the Mortgage Pro Week in Review. Even if you are a realtor, a title person, or someone else that is related to the mortgage/real estate industry..... please read below.

 

MORTGAGE PRO Week in Review    A repository for the Mortgage Week in Review.  Please don't hesitate in joining this group. And any volunteers for the mortgage week in review, please e-mail Jeff Belonger at   jbelonger@ihmci.com

 

 

There will be no recreations of any type regarding the titles or content of this group or Review without the permission and expressed written consent of the Group's founder.

Mortgage Pro Week In Review - Copyright 2010©

 

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Mortgage Myth Busters

 

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For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

HUD

For information about FHA myths & FHA rumors, please read : FHA Myths & Rumors

 

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

 

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Are you looking to purchase a Texas home?  Perhaps you love your Texas home but would be interested in refinancing your Texas mortgage to a lower interest rate?  

I'll help you get pre-approved for your Texas home loan and even suggest some very knowledgeable and professional Real Estate Agents in your area of choice.  If you are available to talk, I am available to listen.  Give me a call or visit my website for more details.

Do you want to know all of your mortgage options? Call me today and let's discuss them further.

Texas Home Loan Consultant

Always available for your Texas Mortgage and Home Loan needs!

John R Cannata    P#214.728.0449

NMLS # 322646

Texas Home Loan Expert

Frisco TX Mortgage

      

 

The views expressed on this site are mine alone and do not reflect the views of my employer.

Comment balloon 3 commentsJohn Cannata • September 20 2010 06:25PM
Mortgage Pro Week in Review -- 09/13/10 through 09/19/10 -- Good…
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