Many mortgage and finance specialists and at least one nationally known consumer advisor regard “money merge accounts” as dangerous and deceptive. (Listen to the clip embedded below.) I simply regard them as a way for other people to take your money (probably wasted in many cases) to show you how to do something you can [...]

If you have an existing FHA home loan, are current with your payments, have not been more than 30 days late more than 2 times in the last 12 months, you probably qualify for an FHA streamline refinance. In Georgia where some property values have suffered a decline in the last several months if you [...]

We are talking, of course, about closing costs on your next home mortgage (or commercial mortgage for that matter).
Whether you apply for a loan at a lender, bank, credit union, private lender, or broker you have a very high (99.9%) chance your loan will have an origination fee. If your loan is a conforming conventional [...]

Information on the previous First Time Homebuyer’s Tax Credit from the IRS.
This information is contained in the text of the second half of HR1-2009-111th Congress
The tax credit, in the form of a 15 year, interest free loan, has been raised from $7,500 to $8,000. The required recapture period has been changed from a prorated period [...]

True – no discount points! Closing costs include all fees not just mine so don’t get all jacked up when you see $5,000
I would not recommend waiting for them to go lower … or even stay the same for that matter.

Fixed 15

Interest Rate
4.375%

Term in Months
180

Loan Amount
$240,000.00

Monthly Payment
($1,820.69)

Closing Costs
$5,000.00

APR
4.489%

Ken Cook 678-946-0101
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Okay folks. You heard it from me time and again how hard we (I was) were pushing for FHFA to lift the ridiculous limit of 4 properties on credit for real estate investors. Your requests have been heard, received and granted.
Effective March 1, 2009 FNMA will be accepting MBS pool loans for real estate investors [...]

Yes it’s maybe final probably. Let’s put it this way – the mortgage finance industry operates on knee jerks and suspicions. Insiders always know the scuttle long before the same information becomes public and it’s always piecemeal. Normally I do not report on scuttle but this one is so important it has to get out.
Keep [...]

With great regularity I am getting phone calls from home owners who are desperate to refinance but have an issue: they have been working with a “Loss Mitigation Company”.
When the fallout started some enterprising individuals started selling “Loss Mitigation Specialist Certifications” for as much as $3500 to anyone who had the money. The majority of [...]

Over the last four to six weeks I have had many callers to my office asking if I thought rates would go lower. “No”, I always reply, in fact I do not see how they can.? Mortgage rates are not set by the government. In fact they are barely even influenced by the government. That [...]