Down Payment; How low can you go?
by Michael L. Baker, Sr. Loan Officer at Fountain Mortgage. I am not sure where it has gotten out that you HAVE to have 20% down payment to buy a house today, but I am going to make it my single mission in life to correct the misinformation that is […]
How BAD are interest rates, really?
by Michael L. Baker, Sr. Mortgage Loan Officer at Fountain Mortgage. I deal in interest rates. All day, every day. And a question I get constantly from friends, family and clients is, “How BAD are interest rates now?” And honestly, that is a tricky question to answer. In today’s environment, over […]
Tax Fraud Facts | Infographic
Tax Fraud Facts | Infographic Tax Fraud Facts – Mortgage Infographic: Tax fraud is a rapidly growing concern for many. Did you know that identity theft can lead to tax fraud? Recently the IRS paid out 5.8 billion in fraudulent tax refunds. Don’t let a fraudster run away with your tax refund. […]
Breaking Down The FOMC Statement; Dovish or Hawkish?
by Michael L. Baker, Sr. Mortgage Loan Officer at Affinity Mortgage. There were a TON of rather inconsequential verbiage changes in the Fed statement. Most of these are merely incidental. Here are a few that could connote some deeper meaning: 1. The Fed now says that economic activity has […]
Waiting Is The Worst Thing You Could Do
by Michael L. Baker, Sr. Mortgage Loan Officer at Affinity Mortgage. In today’s lending and home buying environment waiting is the absolute WORST thing you could do. I see it time and time again where a client of mine waits to make an offer on a home and loses out on […]
Purchase Your Next Home With ONLY 3% Down!
by Michael L. Baker, Sr. Mortgage Loan Officer at Affinity Mortgage. 2017 is here and with it come a host of mortgage guideline improvements! One that started at the end of 2016, but that I see as a HUGE boon in 2017 is the 3% down payment Conventional Loan Purchase […]