Olan Carder's Mortgage Website and Blog
We have been advised by USDA officials that effective 10/1/2011, USDA will not issue final approvals for loans to close. They have funds to last through the end of the month so any loans that received “conditional commitments” from a local USDA by 9/30/2011 should be fine. Read more »
Are you trying to get approved for a mortgage loan? Not as easy as it used to be, is it? There is good news and bad news about the ever changing mortgage world… First the bad news! It is definitely more difficult to obtain approval for a residential mortgage loan today. Every lender is different, [...] Read more »
A lot of people want to buy a new home in today’s market to take advantage of these crazy low prices and interest rates. The problem is selling the home they already own. For some, this totally blocks them because they can’t afford to buy a new home without selling, but some owners believe they [...] Read more »
First let’s talk a little about what PMI is and why lenders require it. PMI stands for private mortgage insurance. When most homebuyers hear the term insurance they immediately think it is for their benefit. It gets associated with mortgage life insurance that pays off the mortgage in case they die, but PMI does not [...] Read more »
