9/22/2014  What's New?

Rates improved a slight bit today, but everyone is still expecting rates to go up a bit due to the Fed stopping their support of Mortgage Backed Securities in Oct.

Stated loans and bank statement loans are making a comeback, however, they aren't exactly like their predecessor loans.  You now have to show bank deposits that are similar to what you are claiming as income on your application.

I now have a loan with 20% down for those people who have had a foreclosure, short sale or bankruptcy just 1 day after the event.  I am currently in the process of getting a new lender that will offer interest only 3, 5 and 7 year ARMS…….!!!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>