Shawn Olson's (shawnsuper08) Blog

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Mortgage and Lending - Gateway Funding Diversified Mortgage Services
RECENT BLOG POSTS
Cash-challenged seniors who want to stay in their own homes have kept reverse mortgages high on the public radar. In general, reverse mortgages, also known as home-equity conversion mortgages, turn equity into cash in several ways: monthly payments, lines of credit, one-time payouts or a combinat...
07/27/2010
Foreclosure Activity Slows Again In June 2010 313,841 foreclosure filings were made in June, according to foreclosure-tracking firm RealtyTrac. The figure represents a 3 percent drop from May and 7 percent drop from June of last year. However, foreclosure filings remain relatively high nationwide...
07/23/2010
I PULLED UP RATES TODAY AND I CAN DO A 30 YEAR FIX CONVENTIONAL AT 4.25!!!  TALKING TO REALTORS THERE NOT MANY BUYERS OUT THERE TO TAKE ADVANTAGE OF THESE GREAT RATES AND LOW HOME PRICES.  EVERYONE SHOULD GET THE WORD OUT THAT NOW IS THE TIME TO MAKE A MOVE FOR THOSE 1ST TIME HOMEBUYERS OR IF YOU...
07/22/2010
More than 40 percent of homeowners seeking help from the Obama program to rescue those at risk of foreclosure have dropped out of the program. The latest report on the program suggests foreclosures could rise in the second half of the year. About 530,000 borrowers have fallen out of the program a...
07/21/2010
WOW!!!!!  LOOK AT THOSE RATES!!  LOOKING FOR OPIONS ON THE MARKET WHAT YOU THINK ITS GOING TO DO.  YOU WOULD THINK THE PURCHASE BUSINESS WOULD BE ON FIRE! THANKS FOR YOUR OPIONS   SHAWN OLSON 
07/20/2010
What is happening out in the market in Minnesota,  numbers are looking bad!   Where are all these buyers when rates are so low!!!   Home prices are excellent!!!!   Now is the greatest time to buy a house if you have a down payment and your finances are in good shape.  Seems people are afraid to m...
07/14/2010
The mortgage industry have gone though many changes and more changes,  but where the rates are today it is time to refinance out there.  I think alot of people just dont know how great the rates are.  You could save thousands over a year period on your payments!  Please give me a cal today and I ...
07/07/2010
Im looking to team up with Real Estate Agents in Minnesota to do your purchase business.  I have over 20 years in the lending business and will get your loan done and on time.  Communication is key with all parties involved in the purchase process with all the recent changes in the industry.  Gat...
01/28/2010
1.  Higher credit scores 2.  Higher insurance rates 2.25% instead of 1.75% 3.  Seller concessions 3% from 6%   Lets make it so tight that no one can get a loan????    What are these people thinking?  Now Sept 7th the rules are changing again, what are we in for this time???  Maybe the govenment w...
01/25/2010
NEED SIGNED PURCHASE AGREEMENT FROM BUYERS BEFORE APRIL 30TH TO GET  TAX CREDIT  WILL BUYERS COME OUT BECAUSE OF THAT?  WILL WE GET BUSY AGAIN???  
01/15/2010
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Shawn Olson

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