Andrew Wardwell's (amwardwell) Blog

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Mortgage and Lending - Franklin Loan Center
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  To get a quick overview of the new rules just approved by the Fed for subprime lending read the following article and watch the video. http://www.msnbc.msn.com/id/22309285/
12/18/2007
12/7/2007 President Bush Announces Industry Agreement to Freeze Sub-Prime Mortgage Rates Following weeks of talks with Treasury Department officials, mortgage lenders and Wall Street firms, President Bush announced today an agreement to freeze interest rates for up to five years for some borrower...
12/07/2007
12/5/2007 As of today the Canadian dollar has made a rebound in the last few months and is once again more valuable than the American dollar.  After the first of the year I'd expect to see Canadians coming down to the valley to take advantage of the weaker dollar and low prices of homes to buy, b...
12/05/2007
12/4/2007A realtor usually has the most personal relationship with a borrower and will get asked many questions about mortgages.  What makes it confusing is when there are multiple terms for the same thing.  I want to quickly review some of the basics, but also explain where different companies c...
12/04/2007
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11/30/2007Some initial reports are coming in through the media that there will be a sub prime bail out by banks.  As I hear more and more about this there is a huge void when it comes to details about who is going to be bailed out and who isn't.  The description of how they will differentiate bor...
11/30/2007
Understanding Title Insurance What Is Title Insurance? Title insurance is used by homebuyers and lenders for protection against back taxes, undisclosed liens, legal judgments, forgeries, fraud and a host of other potential legal/financial problems that can arise when purchasing or refinancing pro...
11/29/2007
11/29/2007 Take it from me, there is a cost.  I laugh everytime I see there advertisement.  If you have eyes and have watched any channel within the last 6 months chances are you've seen it too.  The nice looking man in a polo shirt and jacket with the preppy hair cut are the perfect example of i...
11/29/2007
11/27/2007How do I calculate the new rate on my Adjustable Rate Morgage (ARM)?  THis is a great questions.  If we've learned anything since the credit crisis and mortgage meltdown (not just subprime) is that our customers (most of them anyway) don't truly understand how their mortgage works and i...
11/27/2007
11/26/2007 Believe it or not the rates for mortgages today are still very low.  Part of the loan officers problems and realtors problems today is the perception that it is a bad time to buy.  The opposite is in fact true.  It couldn't be a better time to buy.  Over come this perception.  How you ...
11/26/2007
11/26/2007 Believe it or not the rates for mortgages today are still very low.  Part of the loan officers problems and realtors problems today is the perception that it is a bad time to buy.  The opposite is in fact true.  It couldn't be a better time to buy.  Over come this perception.  How you ...
11/26/2007
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Andrew Wardwell

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