Do they go to a special school to ‘speak FED’??? Good Lord, fellas… we gotta be able to understand this stuff to be able to respond appropriately… or is that not what you want? LMAO Well, the Federal Open Market Committee voted to cut the Fed Funds Rate by .5% today. The benchmark rate now [...]

NEWS FLASH: THE MAINSTREAM MEDIA is not your friend. Okay, maybe the subject of this Orlando Mortgage Blog Post is a little extreme, but it does prove my point. Sensational sells. Unfortunately, truth doesn’t always carry the same punch if it is not. Despite turmoil on Wall Street, despite the drum beat of doom from [...]

Mortgage markets bucked the curve last week and decided to be, well, volatile!  At least there was a change, huh?  Good Grief. After opening with a solid performance that drove rates down, mid and late-week fears of a global recession reversed that path as Mortgage-backed securities broke back below the 200 day moving average…that is [...]

Okay, in an effort to keep my head from exploding in light of all the economic data over the recent x months, I am getting back to some basics, that hopefully some of you will appreciate. Lets talk First-time home buyers and the questions they might have. A big one I get is: What does [...]

Not to be an alarmist, but with the new requirements… it may just be impossible for some to get conventional financing… In an effort to limit risky borrower behavior, however, Fannie Mae announced a new round of mortgage guideline alterations last week. Unlike the previous 20+ updates that: raised income requirements and raised minimum credit [...]

In today’s marketplace, most people don’t have a ton of money to put down on an Orlando home purchase. Orlando FHA loans allow [right now] as little as 3% down and conventional loans as little as 5-10% down. Anytime we end up with a first mortgage amount over the 80% loan-to-value ‘mark’ we enter the [...]

ARMs have been strained, ………………………….. ARMs have been twisted. Since Lehman failed you may find that… your ARM as around your own neck?. Ugh… for current home owners with soon-to-adjust adjustable rate mortgages [ARM], the recent financial market upheaval worldwide may lead to a personal catch-22. This is mainly because most conforming ARMs made after [...]

BUY BUY BUY!!!¬† Doooh… did you miss it?¬† Throughout the feverish activity on Wall Street last week, mortgage backed securities sold off with vengeance, driving mortgage rates to their highest levels since July.¬† It was the 4th consecutive week in which long-term rates got more badder. [Grammar police - I know that is not correct, [...]

As an Orlando mortgage broker that has weathered the storm of the mortgage meltdown, I have unique insight on the need for bad credit repair in today’s “New World” of Orlando real estate financing. As the mortgage ‘box’ has gotten smaller and smaller, something simply needs to be done to keep people in a position [...]

Today marks the 4-month milestone in little-Brianna’s adventurous life. She has me completely around her finger already, but those of you that have daughters know that we wouldn’t want it any other way. That said… we can learn things from just about anyone. Things we want to emulate… things we don’t. As a new father, [...]