Jason Holter's (jasonholter) Blog

Have you ever had a borrower who thinks they are entitled to make the rules when being considered for mortgage lending?  I recently had the opportunity to work with one of these clients.  Should have been a pretty easy file to do.  760 credit score, 20% down dream borrower right.  Well we submitt...

Usually when a loan is run through the automated system you can check income and assets, make sure you have your ducks in a row and issue an approval letter.  As long as the findings on the automated approval are met the loan is able to be sold to Fannie Mae or Freddie Mac.  While I agree with so...

I recently helped two seperate buyers with their mortgage financing buying bank owned foreclosures.  Only one of them closed.  The one that closed had to wait a week after signing paperwork for the sellers (bank) to get the docs back to the title company to fund.  The title company that was invol...

 An increasing number of astute borrowers are using the internet to shop for the best mortgage rates.  Unfortunately, it is easy to forget that the rates reflected on the rate monitor web sites are advertisements, specifically designed to generate leads for the companies who pay fortunes to have ...

  We have seen some pretty significant changes in the mortgage industry this past week.  100% financing is still available but you must have at least a 680 credit score to obtain.  Some of the major banks are taking away the 100% programs all together and limiting maximum financing to 95%.  The m...

I thought that Fair Isaac, the inventor of a prevalent credit-scoring model, might be a good place to start to get some reliable and useful information. Wrong!Here are some non-answers to questions taken directly from a FAIR ISAAC publication:• QUESTION: If derogatory information is removed, how ...

You may have heard that Clear Lake, Texas is booming. That is great news, because Texas has so much real estate available. Your Clear Lake Mortgage has a finger on the pulse of commercial mortgage rates; we will get you the best rates. Click Here For Clear Lake Texas Commercial Mortgage Rates! We...

The federal government of the United States wants you to achieve the American Dream, and but a new home. We want to assist you in finding your dream home in Clear Lake, Texas, or taking advantage of  refinancing options. Because of the federal government's lowering of the prime rate, we're able t...

Refinancing may be your best opportunity to lower your payments because of the tremendously lucrative real estate market. Refinancing your Clear Lake, Texas home is a great way to capitalize on the equity that has amassed. To see if refinancing is right for you take advantage of ProLending Mortga...

On the past few residential deals that I have done the findings stated that the property is in a possible "soft market".  What this means is that on the appraisal their has to be four comps.  2 of the comps must have been sold within the last 3 months and one listing/pending sale.  The appraiser ...