The No Closing Cost Mortgage
Mortgage Warehouse offers a very popular no closing cost option on many of our loan programs. Many banks offer a “no point” mortgage where they don’t charge fees, however the borrower still must pay for some items such as title search and appraisal fees. With our true no closing cost mortgage, the borrower pays no closing costs period! Read the rest of this entry
No mystery anymore: Hertz moving HQ to Estero
The Fortune 500 company bringing over 700 jobs to Lee County has been revealed. The Hertz Corporation today announced that the company will relocate its worldwide headquarters to Estero, Florida from Park Ridge, New Jersey. “This is truly the largest economic event in Lee County’s history and we’ve been established since 1887; that is no understatement,” said Lee County Commissioner Frank Mann. Read the rest of this entry
Foundations of the Mortgage Industry (Part II)
There are two markets that structure the mortgage industry.
- The primary market: Where loans are originated. This consists of Brokers, Mortgage Loan Officers, Banks, Credit Unions and Thrifts.
- The secondary market: Where loans are sold. This consists of Fannie Mae (FNMA), Freddie Mac (FHLMC), Ginnie Mae (GNMA), Wall Street, and wholesale line of credit accounts. Interesting to note, FHA, VA, and USDA are in neither market. Read the rest of this entry
Real Estate Closing Survival Guide – Part III
The buyer and sometimes even the seller are expected to have some money ready to hand over during this fateful meeting. You should be informed of the amount you need before the closing. If you are not, call and ask. You’ll want to bring a certified check or send a wire for the correct amount. Read the rest of this entry
If your strain relief fitting is missing on your disposal, it could be a huge safety issue!
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