My Mortgage Buddy's Education Center

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Mortgage and Lending
RECENT BLOG POSTS
There is still a great program available for home owners who have yet to take advantage of this amazingly low interest rate environment. They DU refinance plus program is out there to help. It's easy to check if you qualify. Below I have highlighted most of the program details. CURRENT LOAN MUST ...
07/18/2011
The Mortgage Buddy Rate Outlook for the Up Coming Week Last week we saw a lot of volatility in the market working both up and down. We are seeing some investor bond buying which is helping to keep the mortgage rates low. The market seems to be stuck between two polarizing forces. We are getting m...
07/17/2011
Hi everyone. "The Mortgage Buddy" just wanted to take a couple of minutes to make sure that home owners, prospective home owners, and agents are aware of the changes to the MA Act of Homestead. This is an opportunity to get informed and get protected. We have to spread this good word to better se...
07/14/2011
I'm Seeing Mortgage Products Opening Up I have the luxury of being both a direct lender and a broker with Home Savings which allows me to provide my clients virtually every loan product available with a variety of rates and a variety of underwriting turn times. This adds value to my process and v...
07/13/2011
    We are expanding our escrow hold backs to help move the inventory out there. There are so many properties with a little bit of damage that may not require a 203k loan. Our escrow hold back is a great alternative. Escrow Holdbacks for the completion of minor repairs will now be permitted as lo...
07/11/2011
Mortgage Buddy Rate Outlook for the Up Coming Week Last week we saw a run up in rates until we hit the wall of weak unemployment report on Friday morning. In fact the report was miserable with only 18,000 jobs created in the month of June. The question remains was this just a "soft patch" or are ...
07/10/2011
Friday's Job's Numbers Will Set the Track for Rates Last week saw a break out to the upside for mortgage rates after hitting their lowest point since last year. The exact reason is hard to pin point of course but a couple of the factors that contributed to the jump in rates. Greek Bailout-Once ag...
07/06/2011
Greek Bailout Boosts Market and Rates Jump FRIDAY IS KEY FOR RATES & STOCKS I started this week with my usual Monday post about where I anticipated mortgage rates to be moving this week. I anticipated a flat to lower trend for rates and so far I have been wrong. I hate to be wrong but I'm glad wh...
06/29/2011
The Mortgage Buddys Says Thank you Vee Somoulaylack of Keller Williams for 2 Great Closings this week Vee is a fantastic buyers' agent for with Keller Williams in Worcester,MA. I have the privilege to work with Vee on a monthly basis helping close the clients that she is generous enough to trust ...
06/29/2011
The Mortgage Buddy Rate Outlook for the Week Begninning 6/27 The market continues to run scared on the fears of a spreading European debt crisis, and a slow down in the global economy. Last week saw a very volatile week in the market but it ended with some better than expected durable goods order...
06/26/2011
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John Saari

"The Mortgage Buddy"
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I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level. Education = Confidence