Core Mortgage Financial's (core1020) Blog

It's apparent that lending standards seem to be getting tighter not looser. I spend at least an hour a day research lender guidelines to ensure loan products are still available for my clients. The main reason for the changes is the appetite for investors to purchase loans has severely been hampe...

Condo financing has been even more difficult to complete from one year ago. The main reason is the significant amount of foreclosures and lack of the Association financial strength. Fannie investor rule implementation requirements are very strict. I am having an issue with one loan right now due ...

  A majority of lenders have discontinued the refinance of VA loans without an Appraisal. Mainly due to the  recent non-performance of these loans.We are now seeing lender increasing the credit score requirement to a middle credit score of 640. There has been a HUGE increase in guidelines changes...

We have the BEST rates for VA loans Orlando. Completing VA loans Orlando and all over Florida is my passion. With over 50 lenders in our portfolio, this gives you the POWER to receive an awesome RATE! I am veteran/officer myself and understand VA loan guidelines. You can rest assured when you cal...

Locking rates can be a tricky but exciting time for the borrowers and brokers. It takes real expertise to understanding the bond market when locking rates. Fixed mortgage rates are tied into the yield of the Ten year note. If the yield goes up-and the price of the note goes down-so too do interes...

What percentage can you use to gross up Non-Taxable income? We use 125% of the total income. EX: If someone receives Social Security Disability from the US Government in the amount of $1,000. We would use $1,250 as the qualification income. The lender uses the 25% gross up ratio because we normal...

HR 3126.  This agency will effectively eliminate the wholesale division. This will affect all Correspondents lenders and Mortgage Broker Business across the country. This will force borrowers to use only local banks. Currently banks are not required to disclose the same regulations as the wholesa...

Why clients choose CORE Mortgage Financial over local banks.   Better rates We control the entire loan process More lender selection Wide variety of niche programs First class service We don't get paid unless the deal closes ( IE more reason to work hard for you)  I have been successful as a loan...

A majority of home buyers select a 30 Year Mortgage payment without considering the 15 year option. I always convey to my clients think about their short and long term goals. With the 15 year option, you will receive a lower interest rate compared to the 30 year fixed. The 15 year option is becom...

We have the BEST rates for Tampa VA Mortgages. Completing VA loans in Tampa and all over Florida is my passion. With over 50 lenders in our portfolio, this gives you the POWER to receive an awesome RATE! I am veteran/officer myself and understand VA loan guidelines. You can rest assured when you ...