Jessica Rucco's (jrucco) Blog

It is my belief that we will see more Government loans in response to the "Credit Crisis", that the Mortgage Market is currently going through. Here are some great highlight about the FHA product: While FHA does require a 3 % down payment, they are also flexible as to where that down comes from. ...

Color is one of the most important, yet most challenging decisions you will make for your home. Here are some tips:Yellow, Red, and Orange are all very warm colors and make objects appear closer than they really are. Use these when you want to make a large room appear more intimate.Cool colors (V...

Who wouldn't want to get money to make their new home more energy efficient? FHA  insures Energy Efficient Mortgages. What this means is that you can wrap the cost of of energy repairs to your new home into your mortgage. Before you start to fret about a higher loan amount meaning higher payments...

So earlier this week I received a request from a Realtor to remove him from my "Relentless Marketing Efforts". Usually when Realtors ask to be removed from our list, I might be a little discouraged, but I was too busy focusing on the word "Relentless". Actually, this Realtor's e-mail made my day....

Who wouldn't want their closing costs to be lower? Here are three tips to have a little cash left in your pocket when you buy your home: 1) Ask the seller to contribute to your closing costsLenders typically allow 3% (Of the purchase price) for sellers concessions, as long as the 3% is not more t...

In our industry, its hard to imagine turning away business. Yet, thats just what we decided to do with an individual who called us yesterday.She was unbelievably combative. She had just been through two lenders.Okay, so at this point I understand that she is obviously frustrated due to the other ...

I am finding that more and more latley my borrowers will ask during the initial interview: "So, what if I say I'm going to live there, but I want to rent it out instead?"About this point in the conversation my stomach turns. Occupancy is a BIG issue. I thought these statements from a Mortgage Blo...

Clint and I are trying to think of ways to help the Realtors we want to work with drive more traffic to their open houses.A new idea we just tried was a food drive. Heres how it worked:We advertised via PSA's, Print, and Radio that we were holding a food drive at the following locations : (Each O...

I thought this update on the suprime mess was interesting:http://www.mortgagenewsdaily.com/532007_Subprime_Mess.aspHere's a quote:A second part of the proposed legislation is designed to "seal the cracks in our regulatory system to prevent future widespread lending abuses." The bill seeks to regu...

A product that Clint and I are really pushing latley is the "My Community Program" from Fannie Mae.With the market tightening up latley, its much more difficult for those who lack the perfect situation to get financing.Dont get me wrong, I strongly feel that only those who can truly afford a mort...