Sam Giannakakis's (giannakakis) Blog

There's been a lot of talk about mortgage finance reform in Washington. Some eventual outcomes are still unknown, but could include: larger down payments, shorter loan terms, higher credit hurdles, tighter debt-to-income ratios or the demise of the annual mortgage interest deduction. We do know t...

I don't know if you have noticed lately but...... rates are extremely low right now (I'm hoping that you have noticed :-).  With that being said you think we would see a pretty big increase in the mortgage and real estate industry... Well I will admitt I am busier right now, but with rates this l...

FHA maximim loan limits are dropping!   The new maximum loan limits have been confirmed!   Below you can view the 11 County Metro new loan FHA loan limits in Minnesota. If you want to see the limits outside of Minnesota I have included a nice link that will hopefully help you out! Click here!  

President Obama proposes limiting tax deductions and exemptions on wealthy to help pay for US jobs proposal. What do you think, good idea or bad?

I just wanted to share some potentially great news I saw today! The Federal Housing Finance Agency (FHFA) said today that it is reviewing existing mortgage relief programs to help troubled borrowers to refinance at current rates.   Personally I think that is great news! Hopefully they can come up...

Is Active Rain getting to busy?? Have you ever posted a blog and before you could even go back to the home page it was way down the list??   Yes, I know it sounds crazy but am I the only one that feels Active Rain is getting almost to busy?? I know that the overall goal of Active Rain is to be ab...

Things to Avoid While Purchasing a Home   We all know that the home buying process can be very exciting, after all your moving into a new home! It’s also very easy to start buying new furnishings for your future house. However buying big ticket items while you are still in the loan process can be...

If you applied for a loan several years ago then you probably received a very different experience then you would today. Applicants often were approved for loan amounts higher than they were even interested in, and loans higher than they could really afford. In the past few years mortgage lender ...

Who else wants to solve the housing crisis. I know I certainly do! Do you think you know how to solve it? If you do then you should step right up, actually you are being encouraged to! The Federal Housing Finance Agency (FHFA) is looking for unique/creative ideas to get foreclosed homes off the m...

Can You Solve The Housing Crisis?? Do you think you know how to solve the housing crisis? Do you have any ideas that you want to share? If you do then you should step right up, actually you are being encouraged to! The Federal Housing Finance Agency (FHA) is looking for unique/creative ideas to g...