Ben Comilang's (bcomilang) Blog

Mortgage and Lending - Sterling Savings Home Loans Division
FHA Mortgage Insurance Premiums go up FHA Mortgage Insurance Premiums go up - In the past it's always been beneficial to consider an FHA Mortgage rather than getting a Conventional mortgage with mortgage insurance.  While it is still beneficial to consider an FHA mortgage Conventional mortgages ...
Market Update QUOTE OF THE WEEK..."A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."--Winston ChurchillINFO THAT HITS US WHERE WE LIVE...Optimists received some encouragement from data aggregator CoreLogic, who reported that home prices f...
Premier Tier Products - Sterling Savings Bank Home Loan Division has a loan product offering Fixed and ARM products for Jumbo loan balances. The Premier products offer loans for a Primary Residence Purchase, Rate & Term Refinance, Cash-out Refinance, and Second Home Purchases or Rate & Term Refin...
Home Affordable Refinance Home Affordable Refinance - We have a program through Fannie Mae that offers affordable refinances to existing Fannie Mae loans. Here is a description of the loan from Fannie Mae's website:   "A critical part of Fannie Mae's role in the Making Home AffordableSM Program ...
Market Update QUOTE OF THE WEEK..."Home ownership makes sense for most Americans, particularly at today's lower prices and bargain interest rates."--Warren BuffettINFO THAT HITS US WHERE WE LIVE...The famously successful Chairman of Berkshire Hathaway made his observation a month ago in his annua...
Fannie Mae has announced that it will do 97% LTV loans and the 3% can be gifted! A buyer can essentially buy a home with $0 down payment out of their own pocket if they can get a gift. Mortgage Guarantee Insurance Company (MGIC), has announced that it will issue mortgage insurance for the 97% LT...
I am seeing a lot of bidding wars in $150,000 - $250,000 range.  Buyers are having to write more offers to finally get one to stick.  Maybe reality is setting in for them that they can't go in and low ball on a great deal, but will this last?  Check out todays articile on CNN.  The forecast is th...
>> Market Update  QUOTE OF THE WEEK..."We would like to live as we once lived, but history will not permit it."--John F. KennedyINFO THAT HITS US WHERE WE LIVE...Things do keep changing, but we all hope that by and large those changes mean progress. We certainly saw evidence of that in the housin...
10 easy ways to green your home - Everyone wants to be green these days. It's good for the environment and in some cases good for the pocketbook. has ten tips to help you, help the environment. These tips can be beneficial whether you're getting ready to purchase a starter home, are...

Ben Comilang

Mortgage Loan Officer
local_phone(253) 944-2010
smartphone(253) 653-5989
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