Anthony Frustaci's (antmoney23) Blog

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Mortgage and Lending - 1st Mortgage Corporation
RECENT BLOG POSTS
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 THis is a very simply way to understand the tax laws.... Read on - it does make you think!Let's up tax cuts in terms everyone can understand. Suppose every day, ten men go out to dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something l...
01/17/2008
 I'm not sure if you are all aware but Countrywide, one of the nations largest mortgage lenders is looking like it is in trouble. It's stocks plunged $2.17, or around 28% on Tuesday after sinking to a 52 week low of $5.05. What is happenng to Countrywide??? There have been rumors of a Countrywide...
01/10/2008
 We've all heard the stories; home prices falling, foreclosures rising. Don't you love the media?!Please read this article just released yesterday (click the link below). Itstarts off with the same gloomy news about the housing market being in adecline, and several major problem markets such as T...
12/27/2007
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 Mortgage insurance is one of the things that I hate about doing mortgages. Many borrowers have told me they don't like the idea of paying an insurance on there mortgage, and the rates are KILLER to the DTI. The best part of mortgage insurance is the fact that it's tax deductible. So the borrower...
12/21/2007
As most of you are aware, in 2007 there have been unprecedented changes in the market, including declines in national home prices that are expected to continue through the end of 2008. Delinquency rates are rising across the country, and credit losses are increasing, primarily as a result of high...
12/20/2007
I just don't understand what is going on with teenagers these days......My first career is a Loan Officer, and I devote most of my time to getting clients and learning as much as possible to be the best I can at this business. But I also work at Kabuto Japanese Steakhouse and Sushi Bar in Hunters...
10/29/2007
I'm sorry but I have to blog about this.... Keep in mind this has nothing to do with the mortgage business or the real estate business. I'm just having fun with this blog today!!! Who's a better team? The New England Patriots, or the Indianapolis Colts? They are both undefeated and the Colts are ...
10/16/2007
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 I just got out of a meeting, and was introduced to a great loan product.100 percent financing, for a borrower with a 620 middle score. 80 percent median income (which is around $35000 a year)maximum debt ratio of 60% (wow)bankruptcies eligible one day after discharge (wow)collections and judgeme...
10/10/2007
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 You've all seen the ads for a certain mortgage company. "You can get a 30 year fixed rate mortgage for 6.375 percent with no fees, no points blah blah blah blah". And they say in there commercials, "PEOPLE ARE SMART". I agree with that marketing slogan but I dont like how they are hypocritical o...
10/10/2007
 Here are some great products that 1st Mortgage Corporation has to offer!- 100 percent financing with a 680 score! (That seems a little high, but a 680 score is something that lenders had to do becuase of the market crunch, we were able to do loans with 640 credit in the past)- 100 percent stated...
10/08/2007
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