Strange Days Indeed.

There is an ancient Chinese proverb that goes something like this, "May you live in interesting times". Well we certainly are living in "Interesting times" and this true story is proof;

Last year a client of mine without the use of a Realtor entered into a Rent-to-Own agreement with a Sell-Lord. A Sell-Lord for those of you who don't know is someone who has purchased another home or otherwise moved on and now because of both...

What is an FHA Loan?
An FHA loan is a loan that is insured by Housing Urban Development Agency (HUD). It is important to understand the distinction between a Lender and an Insurer. The Lender in this case is not HUD, it is whoever makes the loan for you i.e.; XYZ Bank & Trust or Americas Super Big Mortgage Giant Co. Obviously these are examples of lenders who if they were real could make you an FHA loan if they were licensed and approved by HUD to do so. The Insurer in this case is HUD...

Because mortgage rates are falling as fast as the price of a gallon of gasoline many homeowners are refinancing their mortgage and getting what amounts to a huge pay raise saving hundreds of dollars a month in their mortgage and gas expenses. But because of tightened lending criteria some homeowners are discovering they cannot take advantage of the lower rates because they don’t have a 700 plus credit score.

There is a great alternative for those of you who presently have a FHA insured...

A lot has changed in real estate and mortgage finance in the past two years. But don’t just take my word for it; pick up the Saturday paper in your hometown and notice the significantly fewer display ads for Real Estate and Mortgage Brokers . And if that doesn’t have you convinced then count the number of For Sale signs that seem about as ubiquitous in some areas as the foreclosure notices published in the paper.

During this same time more than 300 major US mortgage lenders have...