Chad McShane 's Blog

Mortgage and Lending - NFM Lending , Chad McShane, NMLS #342881 - NMLS 342881
Government LoansFHA Loans: The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), offers various mortgage loan programs. FHA loans have lower down payment requirements and are easier to qualify for than conventional loans.FHA loans are no...
There's nothing like owning your own home. Buying a home can be a great investment. One that can offer great returns with moderate risk. Some of the advantages to buying a house include:Equity - over time you can build equity (the value of your home minus what you owe) Appreciation - your home ca...
The most common reason to refinance is to take advantage of lower interest rates and thereby save on mortgage costs. Benefits you may realize from refinancing include:Reduce the total amount of interest you pay over the life of your loan Reduce the amount of your monthly payment Pay off your loan...
Get into a loan with a lower costIf you meet the qualifications, you may be eligible for a loan that requires little or no down payment. FHA (Federal Housing Administration) and VA (Veteran's Administration) loans are government-backed loan programs that offer fewer restrictions than conventional...
 According to a Fannie Mae policy statement released last month, its declining market flag calls for a lender to more closely examine whether the home's appraisal accurately reflects current market conditions. It also requires that borrowers who would otherwise have qualified for a loan with less...
The Mortgage Bankers Association will get raked over the coals in a new study published by Georgetown University Law professor Adam Levitin. The new study will show the MBA is misleading Congress and the news media when it claims that fixing the mortgage foreclosure crisis by tweaks to bankruptcy...
Interst rates are based on a 30 year amoritization rate, with good credit and no origination fees.  Conflicting economic reports have mortgage rates holding steady with no move up or down.  There has been a decrease in rates for 5 year adjustable rate mortgages however most buyers and homeowners ...
1)  Home Prices Will Decline and Flatten 2) Short Sales & Foreclosures Will Increase3) Interest Rates Will Stabilize4) More Investors Will Enter the Market5) Related Businesses Will Close DoorsMortgage companies, appraisers, real estate agents, builders, construction-related industries, title com...
The ads are on the radio, television, the Internet, even in the mail. They refer to payday loans - which come at a very high price. Check cashers, finance companies and others are making small, short-term, high-rate loans that go by a variety of names: payday loans, cash advance loans, check adva...

    Agent Name: Chad McShane Phone: 763.412.3810 Phone Two: 612.685.4572 Fax: 763.412.3880 E-mail: Address: 2705 Bunker Lake Blvd. Andover, MN 55304 What is PMI? PMI is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80 percent...

Chad McShane

local_phone(651) 272-3130
smartphone(612) 685-4572
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