As you may know the Mortgage Industry has been experiencing some rough times lately. First of all, I want you to know that I’m still here and I’m not going anywhere. I also thought you might like hear my take on these changes and what you can expect from these changes in the near future. […]

I have recently added a form to request The American Dream: A Home Buyer’s Guide. This free Home Buyer’s Guide contains valuable information for both First Time Home Buyers and experienced buyers as well. Here’s what you’ll learn:

What to do before you begin

How to select a Realtor

Why you need a home inspection

How […]

The Federal Reserve paused the Fed Funds Rate for the third straight month. This keeps the rate at 5.25%. While this has been good for mortgage, home equity, and credit card rates, what happens in the future is still up in the air.
Consumer confidence is good and unemployment figures are low. However, inflation remains […]

The Fed has finally paused the Fed Funds Rate, the primary indicator of consumer interest rates, at 5.25% after 17 consecutive increases. This is the first time in more than two years that the Fed has actually paused. The pause was expected as the indicators have been showing a slow down in economic growth as […]

As you may know, the Fed raised the Fed Funds Rate this week to 5% which brings Prime Rate to 8%. This is the 16th consecutive rate increase in an effort to stabize the economy. What was more important than the increase was the Fed signalling that they may be done raising rates very soon. […]

I have just released a new calculator for registered users. The calculator is called a Broker Fee Calculator and will determine the origination fee or broker fee that I charge on a loan. The calculator allows me to calculate a fair fee based on the size and difficulty of the loan. The fee represents my […]

After tirelessly searching for an Option ARM calculator for my site, I decided to write my own. This is a complex, feature rich Option ARM Calculator based on my standard Fixed Rate with Interest Only Calculator.  Here are some of the features:

Calculates a Minimum, Interest Only, Fully Amortized, and an Accelerated 15 Year Payment.

Calculates Tax, Homeowners Insurance, […]

Today’s New Home Sales Report came in lower than expected, which is in contrast to the Existing Home Sales report yesterday that came in higher than expected. As a result, rates are improving today. Analysts consider the New Home Sale report to be more accurate as its data is recorded at the time the contract […]

How do you determine your fees?
What is par?
What is a Yield Spread Premium or rebate?
What states do you lend in?
What I don’t do?
 

This is the new careloans.com site. The new site is designed to provide more features for you and easier maintenance for me. A user account will be necessary to access some of the content. Here are some of the new features:

More content!

Discussion Forum - Ask questions, post comments, discuss real estate and finance topics.

Link Directory with links […]