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Using USDA To Score An In-Ground Pool

Posted by Mike Cox
Mike Cox
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on Friday, 22 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Considering that it's hot as HELL outside lately , you're probably thinking about getting a pool, right? You know - One of those nice in-ground pools with a grotto...maybe a couple of "bunnies".
Check it out in today's video:

Can You Afford To Buy A House?

Posted by Mike Cox
Mike Cox
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on Thursday, 21 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

So, you're probably going house hunting this upcoming weekend. How do I know that? A damn good guess. But don't plan on any Realtor taking you seriously as a potential buyer without a pre-approval letter.
Check it out in today's video:

When Can You Get Two FHA Loans?

Posted by Mike Cox
Mike Cox
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on Wednesday, 20 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.615% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Today we have the lovely Karen Deis on the show. If you don't know by now, Karen is a speaker, author, mortgage expert, and most importantly, a mortgage diva. She is the woman behind Mortgage Girlfriends, as well as, Loan Officer Magazine.
Karen, thanks for coming on today's show again! So with FHA being one of the best options for people today can you break down some situations where a borrower my be eligible for two FHA loans?
Check it out in today's video:

Who Pays For A Rate Lock Extension?

Posted by Mike Cox
Mike Cox
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on Tuesday, 19 June 2012
in Rates In Motion Blog
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Rates are up today. Today's rates with no lender fees are 3.615% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

So, who pays for a rate lock extension when it expires? Well, the simple answer is either you or your loan officer – depending on who caused the rate lock to expire.
Check it out in today's video:

FHA Streamline Refinance Updates Again

Posted by Mike Cox
Mike Cox
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on Monday, 18 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.5% APR on a 30 year, 2.875% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

Guess what? Things changed again! Go figure, right? So, you know the highly anticipated launch of the FHA streamline refinance program with the reduced mortgage insurance that rolled out on June 11th? Yeah, the one that was supposed to make it more affordable for everyone that qualified to refinance.
Check it out in today's video:

Finally Friday - Go Mortgage Shopping

Posted by Mike Cox
Mike Cox
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on Friday, 15 June 2012
in Rates In Motion Blog
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Rates are down today. Today's rates with no lender fees are 3.5% APR on a 30 year, 2.875% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

Well, it's Friday today, and if you are watching this video, the chances are you will be shopping for a mortgage over the weekend. I know how you guys are. But that's a good thing. Getting the best deal with the info I give you can take a little research.
Check it out in today's video:

What Is A Short Sale?

Posted by Mike Cox
Mike Cox
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on Thursday, 14 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Today is a little bit about short sales and how they may not be the best option in some cases.
Check it out in today's video:

For Sale By Owner Mistakes

Posted by Mike Cox
Mike Cox
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on Wednesday, 13 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Today we have the famous Green Bay Greg on the show. Greg is a Real Estate agent in good old Green Bay Wisconsin and one of the few realtors out there that is crushing the use of video in their marketing.
Check it out in today's video:

What is Mortgage Underwriting?

Posted by Mike Cox
Mike Cox
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on Tuesday, 12 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

So today's topic is about underwriting. Sound boring? It is...but the truth is it will make or break your next mortgage transaction.
Check it out in today's video:

Shopping Smart For Your Mortgage

Posted by Mike Cox
Mike Cox
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on Monday, 11 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

Today is super simple. If you're shopping smart and asking your lender the questions that need to be asked, you will get the best deal. If not, then you're just being oversold to, and that's never a good thing.
Check it out in today's video:

Getting Mortgage Help From A Robot?

Posted by Mike Cox
Mike Cox
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on Friday, 08 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

A lot of you will probably be shopping around online this weekend. And that usually means that you'll be putting your information into automated forms that will either give you incorrect info or spam the hell out of your inbox.
The Get Help section on the other hand, sends your specific loan scenario to a real human being that has no intention other than helping you get the best possible deal on your mortgage. Seems like a better solution to me.
Check it out in today's video:

FHA Streamline Refinance Update

Posted by Mike Cox
Mike Cox
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on Thursday, 07 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Today is a FHA streamline refinance update. The June 11th release date for the reduced mortgage insurance premiums is right around the corner and if you currently have a FHA loan you should be paying close attention to this video.
Check it out in today's video:

Rates In Motion Approved Lender

Posted by Mike Cox
Mike Cox
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on Wednesday, 06 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Today's guest is Pam Gustafson, Senior Loan Officer of GSF Mortgage and Rates In Motion Approved Lender.
Check it out in today's video:

Paying All Cash For Your New Home?

Posted by Mike Cox
Mike Cox
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on Tuesday, 05 June 2012
in Rates In Motion Blog
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Rates are up today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.875% APR on a 10 year. (click here for details)

Have you ever wondered if you should pay cash for your new home? Don't really want that 30 year mortgage looming above your head?
Well before you grab that couple hundred grand from under your mattress, there are a few pros and cons to paying all cash on your new home.
Check it out in today's video:

What Exactly Is APR?

Posted by Mike Cox
Mike Cox
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on Monday, 04 June 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.5% APR on a 30 year, 2.875% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

So after a long weekend of rate shopping online, I am sure you noticed something different from lender to lender. Besides the interest rate, did you notice the dramatic difference in APR? If you did your homework, you should have.
Check it out in today's video:

National Dairy Month with USDA Loans

Posted by Mike Cox
Mike Cox
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on Thursday, 31 May 2012
in Rates In Motion Blog
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Rates are down today. Today's rates with no lender fees are 3.5% APR on a 30 year, 2.75% APR on a 15 year and 2.75% APR on a 10 year. (click here for details)

June is National Dairy Month, and to honor this sacred month, I am going to talk about the United States Department of Agriculture rural development loans – or more commonly the USDA loan.
Check it out in today's video:

Top 5 Responses That RIM Approved Lenders Hear

Posted by Mike Cox
Mike Cox
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on Thursday, 31 May 2012
in Rates In Motion Blog
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Rates are down today. Today's rates with no lender fees are 3.50% APR on a 30 year, 2.875% APR on a 15 year and 2.750% APR on a 10 year. (click here for details)

Today, we are going to go over the top 5 responses from you guys when working with a Rates In Motion approved lender. These are actual email responses to lenders in my network. They are always fun to read and make me laugh. So I thought I would share them with you today.
Check it out in today's video:

Factors in Getting the Best Deal

Posted by Mike Cox
Mike Cox
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on Wednesday, 30 May 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.750% APR on a 10 year. (click here for details)

I've been getting a lot of great feedback from the help I've lended, recently.
On the other hand, you could be doing so much better for yourself.
Check it out in today's video:

Should You Buy or Sell First?

Posted by Mike Cox
Mike Cox
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on Tuesday, 29 May 2012
in Rates In Motion Blog
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Rates are flat today. Today's rates with no lender fees are 3.625% APR on a 30 year, 2.875% APR on a 15 year and 2.750% APR on a 10 year. (click here for details)

So the $20 million dollar question of the day is: Do you buy first or sell first?

Allow me to explain... let's say you currently own a home that you'd like to sell and then buy another. What do you do first?
Check it out in today's video:

An Extended Weekend To Shop Around

Posted by Mike Cox
Mike Cox
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on Wednesday, 23 May 2012
in Rates In Motion Blog
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It's Friday and if you are like most people you are probably traveling this weekend for the MEMORIAL DAY-LONG WEEKEND. Yep, that means no work for some of you on Monday.
That also means the market is closed on Monday. So today is just a reminder on a few things.
Check it out in today's video: