Sue's Blog

Taxpayers are sharing the burden of the losses while the CEO's ran out with tens of millions of dollars in bonuses based on bogus numbers created by untrue accounting. I have only one question: when do I get my dividend??   

Tracking the Track Record - What the ‘Experts' Say about Housing Prices     "The prices of houses seem to have reached a plateau, and there is reasonable expectancy that prices will decline." - Time Magazine 1947    "Houses cost too much for the mass market. Today's average price is out of reach...

There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan's principal. This is the method being used by "Bi-Weekly Mortgage Reduction Services" and "B...

LIBOR, one of the largest indexes that Adjustable Rate Mortgages are based upon, has experienced a huge jump.  If an ARM will be resetting in the near future, the holder of that mortgage may want to consider refinancing it so that the payment doesn't double or triple, especially if they will be g...

Maximum Interest Rates for Single Family Housing Guaranteed Loan Program    The Agency and approved participating lenders must adhere to RD Instruction 1980-D, section 1980.320 when calculating the maximum interest rate allowed for Single Family Housing Guaranteed Loan Program (SFHGLP) loans.  C...

The following map shows those areas in Walton County, FL that are eligible for USDA Rural Housing loans.  Basically, the entire county is eligible!  Under the map is the income guidelines used to determine if a buyer would qualify for a USDA Rural Housing loan based on the number of people in the...

The following map shows those areas in Okaloosa County, FL that are eligible for USDA Rural Housing loans.  Basically, the only areas that aren't eligible are "between the bases" - Ft. Walton Beach, Shalimar, and Mary Esther east of Hurlburt Field.  Under the map is the income guidelines used to ...

While many mortgage loan products are being scaled back due to associated credit risk, the USDA Rural Housing loan is still allowing borrowers to finance 100% AND THEN SOME to buy their homes. The USDA Rural Housing loan works a lot like a VA loan with a couple of differences that are beneficial ...

I I live in Ft. Walton Beach, FL and my office is in Destin, FL (on the Gulf Coast in the Panhandle of Florida).  It normally takes me about 10 minutes to get to my office.  This morning, had I gone to the office, it would have probably taken a couple of hours......US Highway 98 between Ft. Walto...

    FHA New Down Payment and LTV RequirementsA Special FHA Announcement from FHA Expert Jeff Mifsud In response to the passing of HR 3221, this update announces FHA's new down payment and LTV requirements. Here are the 5 things you need to know about these changes... 1. One single down payment re...