MillyTheMortgageGuy

Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because strong emotions can someti...

Harp 2.0 should start to come to fruition over the next couple of weeks and we will know the magnitude as to how it will help American homeowners once Wall Street releases their guidelines.  In the form in which Fannie and Freddie have intended, here are the quick bullet points that are notable ...

www.fairwayfoxvalley.com There is an AWESOME mortgage loan program back, alive and well in Wisconsin and no one seems to be talking about it.  In October of 2011 FHA/HUD “re-opened” the books for their $100 down REO purchase program in Wisconsin.  We did a video installment back in December but ...

  First time home buyers and “move up-move down” buyers in the Fox Cities of Wisconsin need to know that they do not have to live out in the middle of nowhere in order to take advantage of the USDA/Rural Development home purchase program. This program allows buyers in Wisconsin to purchase homes...

  There are a lot of homeowners out there who think the only way to benefit from a refinance is “if I drop my interest rate a full point.”  Well, in today’s installment Milly is here to tell those borrowers that not only is that the wrong way to look at this rate climate, but, one could be leavi...

  So if you’re on of those people who have less than perfect credit, you have probably heard these dreaded words at one time from a lender. “You’re credit isn’t quite good enough right now………………but keep paying your bills and call us back in six months.” This comment has two major flaws and one u...

  Milly explains, with the help of fellow loan officer Barry Wood, that Americans today do not have to feel that their mortgage hopes are in a "deep sleep" due to things that might have happened in the past. 4 important questions are asked as to what, when, where and how potential home buyers an...

In today’s installment Milly lets potential home buyers or people looking to refinance that if their income is what is holding them back, it’s time to re-think the situation.  A lot of potential borrowers felt hamstrung if their income falls into the following characterizations: Recently out of ...

An appraiser pro in MN, Michael, wrote this blog.  Highly informative and something that our office runs into everyday.  Being from the same type of climate, the same little "red flags" come up all the time.  Great post for knowing the score going into the deal.FHA guidelines state that a house h...

What’s your stance on buying a money pit?  I would assume you would not think of the concept very highly.  Yet, we see clients everyday that “squeeze a quarter so tight the eagle screams” when it comes to the decision to pay for a home inspection. If you or someone you know can answer “no” to AN...