by admindan | Aug 3, 2021 | Financial Information, Money Tip
Are you in the middle of a refinance with loan amount of $125,000+? Is your rate already locked? Here is how to save approximately .50% in fee on your loan. Background: On Friday 7/16, FHFA (Federal Housing Finance Agency) eliminated the adverse market .50% fee on...
by admindan | Jul 27, 2021 | Credit Report, Money Tip
Are you looking to get a mortgage loan in the future? Do you want to fail or succeed when getting a loan? Too many borrowers need to Wake Up, not GUESS at their mortgage credit score and know their actual score before applying for a loan. Example: Carol and Brent were...
by admindan | Jul 20, 2021 | Financial Information, Money Tip
Still looking to refinance your mortgage loan? Now your costs just became .50% lower in fees! On Friday, July 16, the Federal Housing Finance Agency (FHFA) officially ended a controversial adverse market refinance fee for certain loans, usually $125,000+. Many lenders...
by admindan | Jul 14, 2021 | Financial Information, Money Tip
Everybody wants to know the direction of mortgage interest rates. People ask me all the time. I should know, I’ve been working on mortgage lending for 34 years and am an expert in pricing and hedging loans. So, if you are still looking to refinance or purchase a home...
by admindan | Jun 29, 2021 | Loan Programs, Money Tip
A friend of mine called to ask a simple question, which led to more questions. Ultimately, Steve was being offered a lower rate on his $1,000,000 loan. His lender, a BIG BANK, offered to lower it from 3.50% to 3% for free, just sign a few forms sent by FedEx. What?...
