Investment Mortgage Guy

I read an article recently starting that 30% of the homes listed today are in need of some type of minor or major repair.  Listings are down dramatically in the Twin Cities with total inventory hovering around $24,000.  (We were above $40,000 in 2006). This is offically a seller’s market. Buyers in this kind of climate need [...]

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Do you have an apartment building but are concerned about your mortgage? Is your note ballooning some time in the near future? Fannie Mae offers some great long-term solutions for apartment building owners.
Here are the basic terms:
* 80% Loan to Value
* 10 year fixed rates
* 30 year amortization
* 1.25% DCR Coverage
Fannie Mae does lend money [...]

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The unemployment rate fell to 9% in January.  This is down  from 9.8% in November.  This is the biggest two month decline since 1958. Is this a sign that the economy is really recovering or another false hope? I guess only time will tell for now, but the positive momentum in the job market has [...]

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The Bible commands us not to worry. Luke 12: 22 -26 says “Then Jesus said to his disciples:Therefore I tell you, do not worry about your life, what you will eat or about your body, what you will wear. Life is more than food, the body more than clothes. Consider the ravens, they do not [...]

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Many people are holding off on the refinance or purchase of their next investment property on hopes that the rumors of the government stepping in and forcing rates into the 4% range become reality.
Instead of simply buying based on the emotional aspect of a great 4% rate, look at the fundamentals of the transaction. If [...]

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Indymac Bank has been working hard to keep homeowners in their homes If your mortgage is about to adjust and your with Indymac Bank, you may qualify for a loan modification that could lower your interest rate to 3% Here are some factors that will help you qualify:
1) You need to be at least 60 [...]

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What does Fannie Mae, Freddie Mac, Lehman Brothers and AIG have in common?
They are all suffering huge unforseen losses from mortgages that are going delinquent. Add a major housing slump, a hint of recession and a dash of credit crunch and you have a recipe for disaster in the mortgage world. For years, borrowers who [...]

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