Archive for the ‘VA Interest Rate Reduction Refinance Loan’ Category

Those that follow my blog know that I have written several times about the trials and tribulations of having a Taylor Bean & Whitaker loan at the time that HUD came in and closed them down. The last post had to do with Form 1098s and how to get them on your mortgage but I have recently found out that the information given by TBW on their website and from Bank of America are wrong. WRONG! WRONG! WRONG! Read More

Those that follow my post know that I refinanced last year with Taylor Bean and Whitaker (TBW) on a VA ARM. It was shortly after that TBW was closed by HUD for problems with their lending policies. My loan was taken over by Bank of America and I had some difficulty finding out what to do with my payment. Now it is tax time and I, like many others, am wondering where my 1098 showing interest paid is from TBW. Read More

I blog for two reasons. The first on is pretty simple. I think I have something to say and want to share it with a lot of people. After being in the mortgage loan business for about 20 years, I have developed a certain amount of expertise in my field and feel that one of the best uses of that knowledge and expertise is through one of my blog outlets. So, that is number one. Read More

Here we are, well into a new year and an economy that leaves some things to be desired. Although I am seeing an increase in home purchases, especially for first time home buyers from the Realtors® that I work with, the decrease in home values is still troubling to say the least when working on refinance transactions for my past clients. In too many cases, the value of the property has gone down and getting a refinance done has been significantly harder. I have to think the reason the purchases are up has to do with low rates and the first time home buyer $8,000 tax credit. Read More

I have been thinking for sometime about refinances. I have been hoping that rates would drop enough that it made sense for some of my clients to refinance both so it would increase my business but also so it would put them into a better financial situation. To be real honest and boastful, I did such a good job the first time, fewer people needed a lower rate because they were already in a darn good interest rate. So, what I did was put together a couple of scenarios of different type of refinances. I originally posted this on MyFHAMortgageBlog. I hope it answers some questions for you.

Posted by Fred Chamberlin

January 14, 2009

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Becoming a home owner is a great accomplishment but retaining the home is just as important. There are several things that the home owner can do to avoid foreclosure.  Most everyone encounters financial difficulties at one time or another, it is how you handle those difficulties that could lead to foreclosure or help you survive and keep your home. With the negative press about the rise in foreclosures, I thought it was time to talk about how to avoid the stigma of foreclosure. I will be giving you some information about ways to legally, and ethically, retain ownership in your home. Read More